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Headline : Relief for workers as firms signal end to pay raise freeze

Read more from the original article on here at www.businessdailyafrica.com.





Tags : #relief #workers #firms #signal #end #pay #raise #freeze



No. of Paragraph 28

Payrolls in Kenyaโ€™s private sector showed signs of growing in April after months of stagnation, signalling increased hiring and a positive outlook on future demand for goods and services amid rising concerns over disruptive floods.

The findings of Stanbic Bank Kenyaโ€™s Purchasing Managers Index (PMI) survey showed expenditure on workersโ€™ wages and benefits rose at the fastest pace in eight months.

Feedback from about 400 corporate managers suggested most key sectors such as agriculture, manufacturing, wholesale & retail, services and mining witnessed a modest increase in compensation for employees.

Construction was the only sector which reported a drop in staff costs, according to the monthly survey.

Read more from the original article on here at www.businessdailyafrica.com.


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