Comments on: Balancing wages and competitiveness https://ict-pulse.com/2012/03/balancing-wages-and-competitiveness/?utm_source=rss&utm_medium=rss&utm_campaign=balancing-wages-and-competitiveness&utm_source=rss&utm_medium=rss&utm_campaign=balancing-wages-and-competitiveness Discussing ICT, telecommunications and technology Issues from a Caribbean perspective Thu, 12 Apr 2012 20:06:56 +0000 hourly 1 By: mmarius https://ict-pulse.com/2012/03/balancing-wages-and-competitiveness/#comment-2729 Thu, 12 Apr 2012 20:06:56 +0000 http://www.ict-pulse.com/?p=3473#comment-2729 In reply to Stephen Charoo.

Hi Stephen, You make excellent points, but regarding the BPO sector, Jamaica as a country cannot expect that call centre operations, where high school graduates are suitably qualified to work, to pay top notch salaries. Often, outsourcing companies are being guided by local pay scales when setting their own rates, hence employees will most likely not be getting top salaries, rather, they would be more aligned to national pay scales.

Also, some of the strides Jamaica and other countries in the region have made in the outsourcing industry stem from the fact that costs, especially salaries, in places like India and the Philippines, have begun to increase. Hence it is almost inevitable as our sectors mature (not just wrt outsourcing), our costs will also begin to increase, and other countries will emerge as attractive destinations for certain kinds of business. However, as you rightly noted, I think it is important for our countries to strategise to move into higher value services, since other countries will eventually be able to do certain things cheaper than we can.

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By: mmarius https://ict-pulse.com/2012/03/balancing-wages-and-competitiveness/#comment-2728 Thu, 12 Apr 2012 19:49:41 +0000 http://www.ict-pulse.com/?p=3473#comment-2728 In reply to Craig.

Craig,
That is an excellent point! Most of us – not just in the tech field – do not the appreciate the value of what we do. Also, traditionally, unless you were an “Engineer”, most associated positions would be considered along the lines of “Technician”, which would be seen as something less – involving a trades school, and no formal university training. However, while things have changed considerably over the years – every area has become its own specialty, requiring its own training – the mind set has not changed…

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By: Craig https://ict-pulse.com/2012/03/balancing-wages-and-competitiveness/#comment-2722 Thu, 12 Apr 2012 18:54:22 +0000 http://www.ict-pulse.com/?p=3473#comment-2722 The Issue of Tech Salaries in the Jamaica is one that may be steeped in the fact that most IT pros are not verse in communicating the value their service provides to their employers and clients in hard figures.

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By: Stephen Charoo https://ict-pulse.com/2012/03/balancing-wages-and-competitiveness/#comment-1970 Wed, 21 Mar 2012 19:49:14 +0000 http://www.ict-pulse.com/?p=3473#comment-1970 Good read, Mich. It is important to understand the situation from both the employer and the employee standpoints. There are repercussions, positive and negative, of having a higher salary payout; hence the intricate-however-difficult balance needs to sought. It’s all good that we in Jamaica can boast up to 60% lower employee costs in the BPO sector – which puts us on the map as a competitive location – but to what end, and to whose demise? This also leads to the point that for countries like Jamaica, where boasting (much) lower employee costs seems to be creating more wealth for the employer and less purchasing power for the employee, we need to argue our competitveness from alternative standpoints; whether it’s our talented/trainable and available labour pool, cultural affinity to the US, telecoms infrastructure, work/play value proposition etc.

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