The Bahamian workforce is well-educated, skilled, English-speaking, and amiable. Young Bahamians are increasingly acquiring facility in Spanish, French, and German. The number of Bahamian workers in 1994 was 141,000, up from 136,900 people in 1993, a 3.0% increase. Job growth in 1994 was less than 1%. Unemployment rose slightly in 1994 to 13.3%, from 13.1% in 1993. The current government's goal is an unemployment rate of 2.5 - 3%, and it encourages foreign direct investment, particularly in light manufacturing, technology, agriculture, tourism, and financial services.

Approximately 55,000 of the work force are employed in tourism or tourism-related jobs. The offshore financial services sector, the second largest segment of the economy, employs close to 4,000 people. The remainder work in the retail and wholesale trade, construction, manufacturing, agriculture, fisheries, and public sectors.

The adult literacy rate in The Bahamas is over 95 percent. Education is free and compulsory for those between 5 and 14 years of age. The government offers an extensive primary and secondary school system. There are numerous options for post-secondary education, both locally and abroad, including the College of The Bahamas, which is affiliated with the University of The West Indies. The final two years of UWI's Hotel and Tourism Management degree are offered at its Bahamas campus.

A scholarship programme provides university training abroad in medicine, agriculture, engineering, science, education, and other subjects considered necessary for national development. Local post-secondary education, vocational, and technical training is available in mechanical, electrical, and automotive engineering, television and radio, technology, computer science, electronics, construction, air conditioning and refrigeration, carpentry, secretarial services, bookkeeping, printing, photography, straw craft, and dressmaking.

The government provides special training and retraining for Bahamians to ensure that its labour force remains highly skilled.

National Insurance

Insurance contributions total 8.8 percent of each employee's basic wage. For those who earn less than $60.00 per week, the employer pays 7.1 percent and the employee 1.7 percent; for those earning more than $60.00 per week, the employer pays 5.4 percent, the employee 3.4 percent. The maximum wage on which National Insurance contributions are required is $250.00 per week ($13,000 per year); no additional contribution is required for the portion of a salary that exceeds that amount.

Labour Practices

Employees must be paid at least one and a half times their regular rate for working in excess of these hours. Those who work on a public holiday or on their day off must receive at least twice their regular rate.

Employees must receive at least one week of paid vacation for a year of continuous employment; most employers grant two weeks annually.

Employees who resign after working at least 30 days, but less than one year, are entitled to a sum equal to 4 percent of their annual wage, plus any vacation pay owed.

Unions are regulated by the Industrial Relations Act of 1970, as amended. The Act determines the conditions under which a union can be recognized, industrial agreements can be made, and industrial disputes settled.

Contracts entered into by unions are legally binding. There is no legislation that deals with the issue of worker participation in management.

Labour Laws & Regulations

Businesses may deduct a percentage of their Business License Fee for each full-time Bahamian employee hired in a given year, up to a maximum of ten employees. The deduction varies from 3 percent of the fee per employee to 5 percent, depending on the size and profitability of the business.

Hiring Non-Bahamians

Fees for work permits vary from $250 for a farm worker to $7,500 for senior professionals and executives. The families of employees are issued permits to reside upon application. Persons desiring to reside permanently in The Bahamas must apply to the Director of Immigration.

Wages

Job Title	Avg Weekly Wage		Job Title	Avg Weekly Wage
Housemaid	$110		Gardener	$120
Janitor	$120		Labourer/Handyman	$180
Cook (Short-order)	$180		Waitress	$87 (+ tips)
Farm Labourer	$120		Truck Driver	$225
Forklift Operator	$300		Secretary (Junior)	$250
Stenographer/Secretary	$350		Executive Secretary	$500
			Manager (Hotel & Restaurant)	$550

Investment Incentives in The Bahamas Infrastructure of The Bahamas