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Improving Labour Productivity through Internal Corporate Social Responsibility
Trinidad and Tobago has experienced a consistent economic growth in the last decade, mainly driven by the Energy and related industries sector. The manufacturing sector, though decreasing its contribution to the country's GDP from 8% in 2001 to around 6% in 2006, grew by over 10% in real terms over the last 4 years. Overall, this sector employs over 55,000 workers, close to 10% of the total workforce, manufacturing in Trinidad and Tobago can be characterised as labour intensive. However, several labour related challenges are affecting the future sustainability and competitiveness of this sector, for example: low levels of labour productivity, high absenteeism and turnover; shortage of skilled local employees, difficulty in retaining the best employees and low levels of technological innovation and knowledge-transfer. These challenges have contributed to Trinidad and Tobago's slide in World Economic Forum's Competitiveness Rankings and are threatening the survival of the country's labour intensive manufacturing sector.The TTMA has partnered with the UN Development Program in a CSR Mapping Exercise in Trinidad and Tobago and will host the UN Global Compact Local Network . Based on research to date, the TTMA and key stakeholder organisations in the business and development communities have concluded that there is scope for the initiation and strengthening of internal CSR practices within labour intensive enterprises which will yield real gains in labour productivity. The project objectives are to demonstrate the gains and advantages of implementing internal CSR practices as evidenced by correspondent increases in labour productivity within participating companies, and also to develop a model through which this approach can be adopted and replicated by other companies in Trinidad and Tobago's labour intensive manufacturing and service sectors. The project will demonstrate benefits of implementing internal CSR initiatives to create safer and healthier work environments linked real labour productivity gains including increased employee motivation, reduced absenteeism and rate of employee turnover, and higher productivity and efficiency in production processes. Key components of the program will include the following: 1. Select 5 pilot firms with a labour force of 100-150 within Trinidad and Tobago's manufacturing sector (via a competitive process) 2.Pilot the design and implementation of internal CSR practices to improve labour productivity within selected 5 firms 3.Measure and Evaluate Results 4.Develop a CSR-Productivity toolkit based on pilot project results 5. Disseminate CSR-Productivity toolkit across the manufacturing and service sectors in Trinidad and Tobago.

Project Detail

Country

Trinidad and Tobago

Project Number

TT-M1012

Approval Date

January 18, 2008

Project Status

Closed

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

CORPORATE SOCIAL RESPONSIBILITY

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 165,000.00

Country Counterpart Financing

USD 50,000.00

Original Amount Approved

USD 115,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-10800-TT Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-10800-TT
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-38486813-9557
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-10800-TT [38210970].PDF
Nov. 04, 2013
English
https://www.iadb.org/document.cfm?id=EZSHARE-38486813-16019
Project Performance Monitoring Reports
MIF_ Project Status Report ATN_ME-10800-TT [36459890].PDF
Oct. 11, 2011
English
https://www.iadb.org/document.cfm?id=EZSHARE-38486813-15391
Project Performance Monitoring Reports
FOMIN_ Reporte de estado del proyecto ATN_ME-10800-TT [35831455].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-38486813-16385
Project Performance Monitoring Reports
FOMIN_ Project Status Report ATN_ME-10800-TT [35524036].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-38486813-11408
Project Performance Monitoring Reports
FOMIN_ Project Status Report ATN_ME-10800-TT [35197807].PDF
Dec. 31, 1999
English
Closed Phase
https://www.iadb.org/document.cfm?id=EZSHARE-38486813-13794
Final Evaluation Report
Final Evaluation Report [38210511].PDF
Nov. 04, 2013
English

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