Employee Benefits in Kenya

 

Get this Report



PayPal Verified Vendor

Rating

2.9 Star Rating for report Employee Benefits in Kenya
2.9 / 5 stars rating
Pages: 49
Price: $950.00

Some of our Clients

Some Research and Expert Clients

Abstract

 
Kenya's social security system is considered important for the security of workers, their families and the community as a whole. The Kenyan social security system is divided into three pillars: a public scheme, occupational schemes and individual schemes. 

Description

The report provides in-depth industry analysis, information and insights of the employee benefits in Kenya, including:
o Overview of the state and compulsory benefits in Kenya
o Detailed information about the private benefits in Kenya
o Insights on various central institutions responsible for the administration of the different branches of social security
o The regulatory framework and recent regulations relating to Kenyan employee benefits

 

Similar Reports

Other reports that may be of interest...

Report... 00RV-SO2616CCBritish-American Insurance Company (Kenya) Ltd : Company Profile...Oct 2016
Report... 00RV-FN10912CCKenya Reinsurance Corporation Limited (KRIN) - Company CapsuleOct 2016
Report... 00RV-IS0032RRGovernance, Risk and Compliance - The Kenyan Insurance IndustryJun 2016
Report... 00RV-IN3343MBNon-Life Insurance Premiums and Claims in Kenya to 2019: Market ...Mar 2016
Report... 00RV-IN3342MBPersonal Accident and Health Insurance Premiums and Claims in Ke...Mar 2016
Report... 00RV-SW8791CPJubilee Holdings Limited (JUBI) : Company Profile and SWOT Analy...Jan 2016
Report... 00RV-BA4738CCBritish-American Investments Company (Kenya) Limited (BRIT) - Co...Dec 2015
Report... 00RW-SO2616CCBritish-American Insurance Company (Kenya) Ltd : Company Profile...Nov 2015
Report... 00RW-FN10912CCKenya Re-insurance Corporation Limited (KRIN) - Company CapsuleFeb 2015

Report Source Information

Supplied by: Research and Experts 
Date Published: 2014-11-04 

Report: Employee Benefits in Kenya

 

Contents

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Country Statistics
4 Overview of Employee Benefits in Kenya
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Types of retirement plans
6.1.3 Eligibility
6.1.4 Age
6.1.5 Benefits
6.1.6 Payment options
6.1.7 Typical employer practice
6.1.8 Employee and employer contributions
6.1.9 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contributions
6.3 Long-term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Typical employer practice
6.3.6 Employee and employer contributions
6.4 Short-term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Employee and employer contributions
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contributions
6.6 Workmen's Compensation
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Employee and employer contributions
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Employee and employer contributions
6.8 Redundancy Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.8.4 Payment options
6.8.5 Employee and employer contributions
6.9 Leaves and Holidays
6.9.1 Annual Leave
6.9.2 Public holidays
6.9.3 Weekly rest days
6.9.4 Leave paid to casual workers
6.1 Overtime Pay
6.10.1 Introduction
6.10.2 Rate of payment of overtime benefit
6.11 Emigration Benefit
7 Private Benefits
7.1 Retirement Benefits
7.2 Death benefits
7.3 Disability benefits
7.4 Medical Benefits
7.5 Other Benefits
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 GDP by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-KES
8.1.8 Unemployment rate
8.1.9 Household consumption expenditure
8.1.10 Gross national disposable income
8.2 Demographics
8.2.1 Total population
8.2.2 Labor force
8.2.3 Urban and rural population
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer
 

List of Tables

Table 1: Definitions
Table 2: Kenya - Country Statistics
Table 3: Kenya - Taxation of Lump-sum Benefits Paid Under Tax-qualified Plans
Table 4: Kenya Retirement Benefits - Contribution Rates
Table 5: Kenya Retirement Benefits - Tier One and Tier Two Contribution Rates
Table 6: Kenya Retirement Benefits - Taxation Under Tax-Qualified Plans
Table 7: Kenya Short-term Sickness Benefits - Contribution Rates
Table 8: Kenya Medical Benefits - Co-payment
Table 9: Kenya Medical Benefits - Contribution Rates
Table 10: Kenyan Maternity and Paternity Benefits - Contribution Rates
Table 11: Kenya - Public Holidays
 

List of Figures

Figure 1: Important Institutions of the Kenyan Social Security System
Figure 2: Kenyan GDP at Constant Prices (US$ Billion), 2008-2012
Figure 3: Kenyan GDP Per Capita at Constant Prices (US$), 2008-2012
Figure 4: Kenyan GDP at Current Prices (US$ Billion), 2008-2012
Figure 5: Kenyan GDP Per Capita at Current Prices (US$), 2008-2012
Figure 6: Kenyan GDP by Key Sector (%), 2008-2012
Figure 7: Kenyan Inflation Rate (%), 2008-2013
Figure 8: Kenyan Annual Average Exchange Rate US$-KES, 2008-2012
Figure 9: Kenyan Unemployment Rate (%), 2008-2012
Figure 10: Kenyan Household Consumption Expenditure (US$ Billion), 2008-2012
Figure 11: Kenyan Gross National Disposable Income (US$ Billion), 2008-2012
Figure 12: Kenyan Total Population (Million), 2008-2012
Figure 13: Kenyan Size of Labor Force (Million), 2008-2012
Figure 14: Kenyan Urban and Rural Population (%), 2008-2012
 

Scope

This report provides a detailed analysis of employee benefits in Kenya:
o It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
o It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness, medical benefits, workmen's compensation, maternity and paternity benefits, redundancy benefits, leaves and holidays, overtime pay, emigration benefit and private benefits
o It highlights the economic and regulatory situations relating to employee benefits in Kenya

 

Highlights

o The Kenyan social security system provides compulsory benefits such as old-age, disability, sickness, death, maternity, work injury, unemployment and medical care, for different groups of individuals such as children, employed, unemployed, retired or elderly individuals
o Private benefits are classified under the second and third pillars - occupational schemes and individual schemes


 

Classification

Language Code: EN 
Region: Kenya 
Report Type: Industry Report 
Industry: Service Industries 
Sector: Insurance 
Pages: 49 

Reasons to buy this report

o Make strategic decisions using in-depth information related to Kenyan employee benefits
o Assess the Kenyan employee benefits market, including state and compulsory benefits and private benefits
o Gain insights into the key employee benefit schemes offered by private employers in Kenya
o Gain insights into key regulations governing Kenyan employee benefits, and their impact on companies
 

Similar Reports

Other reports that may be of interest...

Report... 00RV-SO2616CCBritish-American Insurance Company (Kenya) Ltd : Company Profile...Oct 2016
Report... 00RV-FN10912CCKenya Reinsurance Corporation Limited (KRIN) - Company CapsuleOct 2016
Report... 00RV-IS0032RRGovernance, Risk and Compliance - The Kenyan Insurance IndustryJun 2016
Report... 00RV-IN3343MBNon-Life Insurance Premiums and Claims in Kenya to 2019: Market ...Mar 2016
Report... 00RV-IN3342MBPersonal Accident and Health Insurance Premiums and Claims in Ke...Mar 2016
Report... 00RV-SW8791CPJubilee Holdings Limited (JUBI) : Company Profile and SWOT Analy...Jan 2016
Report... 00RV-BA4738CCBritish-American Investments Company (Kenya) Limited (BRIT) - Co...Dec 2015
Report... 00RW-SO2616CCBritish-American Insurance Company (Kenya) Ltd : Company Profile...Nov 2015
Report... 00RW-FN10912CCKenya Re-insurance Corporation Limited (KRIN) - Company CapsuleFeb 2015

Employee Benefits in Kenya

Report 00RV-EB0035MR has a rating of 58 percent
Figure of merit assessment for report 00RV-EB0035MR

Relevance Rating

The Research and Experts relevance ranting consists of a set of figure of merit (FOM) values that are provided as an indication of the value of the report in the current economic environment.

These FOM values cannot take into account the reason for the clients interest in a report and therefore the client should view these FOM values only as a visual guide. The FOM scores are based on

market interest - how often the report is viewed or purchased,
elapsed time - time since the report was published,
report detail - amount of detail in the report (pages, figures, images, comments etc.) and
price - the price of the report.


Regional Information

Taxonomy

Branch ID: 1443

Taxonomy Location

The taxonomy on the left shows the ancestors of the Kenya node. This provides an insight into parent categories that may provide reports or articles that may compliment this report. The number in brackets after the node name indicates the number of reports that Research and Experts currently have in the parent category.

Clicking on a parent category will present the list of reports in the parent node in a separate window.

Kenya

Country

Kenya

Eastern Africa

Region

Eastern Africa

Africa

Africa is the second largest continent on earth with a population of 1.07 billion. The population is pedicted to rise to 2 billion by 2050  with Africa having 25% of the global workforce. Africa has a $2 trillion economy with 54 countries, a third of which have annual GDP growth of 6% or more. Six of the top ten fastest growing economies in the world are in Africa.

Africa is rich in natrual resources with petroleum and natural gas accounting for the main exports.  Africa is rich in minerals such as bauxite, cobalt, industrial diamond, phosphate rock, platinum, vermiculite, zirconium and gold. Africa also has 60% of the world's uncultivated arable land. Africa, however, faces many challenges such as poverty, climate change and disease but it's economy is experiencing growth in construction, telecommunications, banking and retail. 

The leading economies of Africa are South Africa with a GDP $272 billion; Nigeria with a GDP of $141 billion; Algeria with a GDP of $137 billion; Egypt with a GDP of $111 billion; Angola with a GDP of $66 billion; Morocco is now the sixth largest African economy with a GDP of $61 billion; Libya is the seventh largest African economy with a GDP of $56 billion; Sudan is the eighth largest African economy with a GDP of $45 billion; Tunisia is ninth with a GDP of $33 billion; Zimbabwe is tenth with a GDP of $26 billion.  

One of the fastest growing sectors across Africa has been the area of mobile technology and communications technology with 700 million people owning a mobile phone and 70 million having internet access. 

Africa needs huge investment in infrastructure in order to move forward and this will require greater public-private partnerships. Political stability is necessary to support and drive investment across the continent along with improvements in education, micro-economic stability, conflict resolution and continued GDP growth.

If growth continues at this pace Africa will be a dominant economic force by 2050.

Research and Experts provide many country specific reports on the African region which will help you with your market research.  Our reports provide data on market drivers and indicators, along with leading companies, latest projects and industry news on African industries.  

Researchandexperts.com is a  leading source of market research on Africa. 

Africa

Country

Countries

 

Industry Sector Information

Taxonomy

Branch ID: 381

Taxonomy Location

The taxonomy on the left shows the ancestors of the Insurance node. This provides an insight into parent categories that may provide reports or articles that may compliment this report. The number in brackets after the node name indicates the number of reports that Research and Experts currently have in the parent category.

Clicking on a parent category will present the list of reports in the parent node in a separate window.

Insurance

The insurance industry is facing many challenges in todays environment. Insurance companies need to adapt to the latest legislation and regulations which are slowing growth in many regions, manage high costs of doing business and identify new growth markets. 

Research and Experts provide companies with the information and analysis they need to grow their business. Our reports provide information on the industry on a global level and also at a regional and country level.

 

Industry Associations

Global Federation of Insurance Associations

American Insurance Association

British Insurance Brokers Association

 

Financial Services

Financial services are the services provided by the finance industry and include banking services, insurance services, real estate services and investment services. Since the recession began in 2008/09 banking services in many European countries and the US  have been a drag on the financial services sector due to non-performing loans. Financial services is set for a strong year in 2014 as the economy improves. The US is bullish about increasing loans, more mergers, acquisitions and IPO's and higher commodity prices which will all benefit this sector. 

Research and Experts provide a range of reports on the financial services sector with information on leading companies, best trading partners, best performing companies, market size etc.

Useful Links

The Fiancial Services Authority (UK)

The British Banking Association

The International Banking Federation

American Bankers Association

European Banking Federation

Financial Services

Service Industries

Our Service Industries reports cover the areas of Business Services, Financial Services, Tourism and Leisure, Consumer Services and the Public Sector. A strong services sector is an indicator of a well developed economy. Examples of economies with a strong services sector include US, UK, Luxembourg, Switzerland and Australia.

Researchandexperts.com is a reliable source of business intelligence reports from leading publishers on the service sector economy. Industries covered by us include IT services, banking, insurance, travel, media services etc. 

Companies in the services sector require competitive intelligence which will give them keen insights into market size, best trading partners, financial analysis and company rankings. A recent report by Plimsoll on the advertising industry reviewed 500 of the largest agents in this sector. ARENA BLM LIMITED was identified as being among the fastest growing companies while  UNIVERSAL MCCANN GMBH was selected as a best trading partner.    

Service Industries

Industry

Industries

 

 

Buy: Employee Benefits in Kenya

 

Item Code: 00RV-EB0035MR

 
Licence: Single User
Price: $950.00
 
VAT: 0.0% 
Total: $950.00 

Feedback

Return to Research and Experts

Page created and rendered - Cache updated [0.16363s]

--