In a bold move to tackle the nation’s economic hurdles, the Finance Act, 2023 was signed into law by President William Ruto on June 26, 2023 and officially gazetted on June 27, 2023. With a focus on generating additional revenue to meet the government’s substantial KES 3.6 trillion budget, the Act introduced pivotal changes which took effect on July 1,
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In the sparky realm of human resource management, HRLeverage stands as a beacon, guiding organizations through the intricacies of international employment regulations. In this comprehensive guide tailored for Kenya, we delve into the nuanced landscape of employees’ salaries, statutory deductions, and the ever-changing legal framework governing them. Understanding Kenya’s Legal Framework: Kenya’s Employment Act, Section 19(1), empowers employers to
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As we approach the end of another year, businesses are gearing up for the annual task of managing year-end payroll processes. This crucial responsibility involves more than just distributing holiday bonuses; it requires careful attention to detail, compliance with regulations, and efficient coordination between HR and finance departments. HRLeverage, a leading HR consulting firm, understands the importance of seamless payroll
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Ah, the holiday season – a time for festive cheer, twinkling lights, and perhaps a touch of stress? For many employees, the juggling act of work and seasonal obligations can take a toll on well-being. Fear not, as HRLeverage, your friendly HR wizards, have brewed up a potion of employee well-being initiatives to sprinkle some joy and relaxation during this
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In the tumultuous journey of our planet, the year 2022 left an indelible mark as global emissions soared to a staggering 36.8 billion tons of CO2. Fast forward to 2023, and we find ourselves on the precipice of history, with rising temperatures breaking records and ominous warnings from climate scientists. The European Union’s climate change service now forecasts 2023 to
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Nigeria’s President, Bola Tinubu, has urged lawmakers to greenlight the government’s ambitious external borrowing plan spanning 2022 to 2024. In a compelling letter presented to parliament on Tuesday, Tinubu emphasized the need for a financial boost of $8.69 billion and 100 million euros (equivalent to $109.71 million). These funds are earmarked for a transformative array of projects spanning infrastructure, agriculture,
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