FUNDING AND LABOUR MARKET NEEDS A Tobago Chamber perspective GATE Consultation.

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Presentation transcript:

FUNDING AND LABOUR MARKET NEEDS A Tobago Chamber perspective GATE Consultation

Funding and Labour Market Needs The ROAD to GATE R eflecting on the Future O pportunities for Development A pplication/Implementation D eterminants of Success

Tobago Current economic Situation Socio-Technical Framework $180 Million in 2006 to $625 Million in 2011 Brain drain Critical thinkers needed!!! R eflecting on the Future…

Immediate and Medium Term Development Diversify Income Opportunities Tourism - 2% of the GDP % of the islands employment and over 90% of Tobagos export O pportunities for Development

What are some of the current and projected skills gap in Tobagos labour market?

Short and Medium Term Funding and Labour Market Needs Construction (TVET) Engineers (Traditional) Educational Professionals (Traditional) Marketing (Traditional) Auxiliary Start up staff (existing labour force) Agricultural/Horticultural Professional (Traditional) Film and Media Intellectual property Statician and Research professionals ICT professionals

Medium to Long Term Funding and Labour Market Needs Lecturers (Traditional) Hotels Staff (TTHTI) Airline Staff Mechanics (TVET) Chefs (TTHTI) Garment/Fashion Professionals (does not exist) Healthcare (Traditional) Shipping/Maritime Services Artisan/Culture Development (Traditional) Publishers/Literary Professionals (Traditional)

Diversify Tobagos Tourism Product Funding and Labour Market Needs Business and MICE tourism Cruise tourism Yachting and leisure boat-tourism Adventure and ecotourism Carnival and culture tourism Healthcare Tourism

THREE-PRONGED APPROACH (1) Education (2) Training (3) Infrastructure Development A pplication/Implementation

Key Performance Indexes (KPIs) Improved Tourism GDP Socio-Technical Framework Accountability Protect Tobagos Heritage D eterminants of Success

A Tobago Perspective T HANK Y OU ! GATE Funding and Labour Market Needs