Home Business Kenya firms cut pay for new jobs to cope with Covid pain

Kenya firms cut pay for new jobs to cope with Covid pain

cost-cutting, pay cuts, allowances, austerity
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Business Daily | by Constant Munda


Kenya’s job market conditions remained dark in December despite a slight improvement in recruitment, a monthly survey shows.

Companies weighed down by the economic knocks of the Covid-19 pandemic sustained pay cuts for existing workers while newly hired ones came in at lower pay.

The Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) shows that though recruitment increased for the third month in a row in December on increased private sector activity, the take-home by workers remained downcast due to pay cuts and…

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