The survey showed total recorded employment in Kenya increased from 17.4 million in 2020 to 18.3 million in 2021.
The survey indicated that the informal sector created the highest number of jobs (753,800), with modern establishments adding 172,300 new jobs.
Kenyan health workers at a past event. [Photo/Ministry of Health]
“In the year under review, overall annual earnings increased by 2.3%to KSh 827,400 compared to a 3.1% increase registered in 2020. This translates to an average monthly earning of KSh 68,953.4.
The average annual earnings in the private sector increased by 2.2% to KSh 829,200 in 2021 compared with an increase of 2.4% to KSh 823,600 in the public sector, over the same period,” the report stated.
The report noted that Non-Governmental Organisations (NGOs) pay the highest salaries, with an average annual salary of KSh 3,757,013.2.
Financial and insurance sector jobs were ranked second with average annual wage earnings of Sh2.08 million per employee.
The Exchange delves into the highest paying jobs in Kenya in 2022, according to Salary Explorer.
1. Surgeons and doctors
According to Salary Explorer, surgeons/doctors earn the highest salaries in Kenya.
Their average monthly salary is Sh541,000, exclusive of allowances.
“A surgeon’s profession involves high risk and requires extensive knowledge and a long learning path; the necessary ingredients for a high paying career,” the survey stated.
Chief Justice Martha Koome. She earns over Sh1 million monthly. [Photo/Twitter/Martha] Koome]2. Judges
Judges were ranked second in the list of employees who earn a handsome income.
The Judiciary mandates judges to deliver justice in line with the Kenyan constitution and other laws.
In Kenya, they take home approximately KSh 459,000 monthly.
3. Lawyers
Lawyers, popularly referred to as learned friends in Kenya, represent the people or companies in dispute.
High Court advocates earn Sh371,000 monthly on average.
Their salaries range from Sh193,000 to Sh568,000.
4. Bank managers
Since they are in charge of hundreds of millions belonging to clients, bank managers are among the highest-paid in the country.
Their monthly salaries range from Sh182,000 to Sh535,000, while their average monthly income is Sh350,000.
5. Chief Executive Officers (CEOs)
Co-op Bank boss Gideon Muriuki is the highest-paid CEO in Kenya, with a monthly salary of Sh31m. [Photo/Co-op Bank]
According to the Corporate Finance Institute, CEOs are responsible for the overall success of a business entity or other organisation and for making top-level managerial decisions.