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Browsing: Employment in Kenya
- Business activity in Kenya increased in September, helped by the conclusion of the general election
- The Purchasing Managers’ Index (PMI) commissioned by Stanbic Bank shows that the growth in business activity in Kenya was the first recorded in seven months
- As a result, the headline index posted in September was at 51.7, up sharply from 44.2 in August.
- The reading signalled a renewed and modest improvement in overall business conditions.
A new report has shown that the conclusion of the general election in Kenya led to increased business activity in the country in September.
According to the Purchasing Managers’ Index (PMI) commissioned by Stanbic Bank, the growth in business activity in Kenya was the first recorded in seven months.
Business activity in Kenya was supported by customer demand growth following the general elections’ end.
It was also supported by an improvement in supply chains, encouraging firms to purchase more …
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.…
President Uhuru Kenyatta has announced a minimum wage increase of 12 per cent from 1st May 2022 to cushion workers against further erosion of their purchasing power.
Noting that there has been no review of the minimum wages for over three years while the cost of living has increased with inflation ranging between 5 to 6 per cent annually, the President said the Government has found it necessary to increase the minimum wages.
“In that regard, and in full appreciation of the critical contribution of workers to the economy; following the recommendation of various stakeholders; as a caring Government, we find that there is a compelling case to review the minimum wages to cushion our workers against further erosion of their purchasing power while also guaranteeing the competitiveness of our economy,” the President said.
President Kenyatta spoke on Sunday at Nyayo National Stadium in Nairobi when he led Kenyan workers …
A new survey released by the talent recruitment agency BrighterMonday has revealed major companies that Kenyans aspire to work for while also revealing key details of the employment spectrum in the country. In the survey, Safaricom was ranked as the top company that job seekers would love to work for with the majority of respondents attributing the working environment and remuneration as key indicators.
A total of 3,448 valid responses puts Safaricom in the top spot as the number one best company to work
for as well as the most ‘desired’, and ‘respected’ brand. Other companies in the top 5 include East African Breweries, United Nations (UN), Kenya Commercial Bank (KCB) and Kenya Revenue Authority (KRA).
Speaking during the launch of the report, BrighterMonday Chief Executive Officer Emmanuel Mutuma revealed that Kenyans were not entirely happy with their current work situations, with most willing to switch jobs.
“Respondents aged between …
The East African Portland Cement Company has announced its move to retrench its entire staff this month.
The firm said in a memo that was seen by The Exchange that in the last three years, the company’s market share has drastically reduced.
“Company Currently, the company suffers daily losses of up to 8 million shillings.” Read a memo from the firm signed by the Acting Managing Director Mr Stephen Nthei.
The firm has been posting poor performance in the recent past and the competition has eaten into its market share and subsequent profitability.
“This may be attributed to many reasons, key among them being increased competition and inadequate working capital. Further, the company’s old and dilapidated plant and machinery require resources to modernise so as to provide the institution a competitive advantage. These basic challenges touch on the company’s ability to meet crucial performance indicators including staff costs.” The memo …