Employee Compensation &

Benefits:


7/9/2014
Best paying jobs 2012
USA Other regions
Psychiatrist
Family Dr
Surgeons
Internal medicine
Obstetrician
Radiologist
Anaesthetist
Corporate executives
CEOs
Pilot
CEO
Designers/Directors
Actor
Metereorology
Fin Associate
Hotel Manager
Vet.

7/9/2014
The Top 5 Highest Best Paying Jobs
In Kenya

1. MP
Basic salary sh.395,000
Entertainment allowance sh.60000
House allowance sh.70, 000
Car maintenance allowance sh.247, 000
Gym membership sh.2000
Vehicle fixed cost allowance. Sh.336, 000
Committee meeting allowance sh.40, 000
Constituency allowance sh.50, 000
A grand total amount of shillings 1.2 million which is
equivalent to $14,118

7/9/2014
2. Commercial bank C.E.Os and top managers
3. CEOs of top five star hotels
Sankara, located in nairobis westlands area
Hilton
Serena hotels
The sarova Stanley
Nairobi safari club
Whitesands hotels

7/9/2014
4. Constitutional office holders
The chief justice and his assistant
Chairman of the independent electoral and boundaries
commission (IEBC) and the seven commissioners that
come under him.
The attorney general
Chairpersons and commissioners of various commissions
e.g commission on implementation of constitution, Kenya
national commission on human rights e.t.c.
All in all constitutional office holders in Kenya are paid
salaries and allowances in the range of sh.1.5 million to
sh.2.5 million. ($17,647 $29,412)

7/9/2014
5. News anchors and presenters
Eg Janet Mbugua, Caroline Mutoko rumoured to
be over 800 000k
Citizen and NTV pay well


7/9/2014
Highest Paid In Kenya 2011
1. Safaricom.........Ksh 3.1M per month

2. James Mwangi- Equity Bank........Ksh 2.8M per month

3. Sani Adetu- East African Breweries...Ksh 2.7M Per month

4. Adan Mohamed- Barclays Bank.....Ksh 2.5M per month

5. Linus Gitahi- Nation Media Group....Ksh 2.4M per month

6. Martin Oduor Otieno- KCB.........Ksh 2.2M per month

7. Titus Naikuni- Kenya Airways....Ksh 2.1M per month

8. Les Baillie- Safaricom CFO....Ksh 2M per Month


7/9/2014
High Paying Jobs In Kenya

Finance Jobs insurance professionals, investment bankers,
financial market analysts, accountants, bankers, and auditors
make up some of the highest paying jobs in Kenya.
Marketing and Sales These positions and their related jobs in
Kenya are generally high paying. Any individual that has the
ability to sell a companys product either directly or indirectly is
going to make a good salary.
Media eg news anchors, newspaper journalists/editors have
become some of the highest paying jobs in Kenya.
Information Technology This industry is currently booming
in Kenya and having an IT/Programming/Electrical Engineering
education will land you one of the highest paying jobs in Kenya.
The more education an individual has, the easier it will be for
him or her to get an IT job in Kenya because it is the highly
trained people companies seek out and offer the highest salaries.

7/9/2014
7/9/2014
NO. PLAYER
SALARY
(per
annum)
BONUSES
OTHER
INCOME
TOTAL
EARNING
1 Lionel Messi (Barcelona) 10.5m 1.5m 21m 33m
2 David Beckham (LA Galaxy) 4.8m 0.7m 26m 31.5m
3 Cristiano Ronaldo (Real Madrid) 13m 0.7m 15.5m 29.2m
4 Samuel Eto'o (Anzhi Makhachkala) 20m 0.3m 3m 23.3m
5 Wayne Rooney (Manchester Utd) 13.8m 0.8m 6m 20.6m
6 Sergio Aguero (Manchester City) 12.5m 1.3m 5m 18.8m
7 Yaya Toure (Manchester City) 13.8m 1.3m 2.5m 17.6m
8 Fernando Torres (Chelsea) 10.8m 0.7m 5.2m 16.7m
9 Kaka (Real Madrid) 10m 0.5m 5m 15.5m
10 Philipp Lahm (Bayern Munich) 10m 0.6m 3.7m 14.3m
Definitions

Employee compensation refers to all forms of
pay going to employees and arising from their
employment.

Employee benefits are non-financial form of
compensation offered in addition to cash
salary to enrich workers lives.
7/9/2014



Compensation may influence:

who is attracted and retained in the
organization
the level of employee satisfaction with
work
the organizations operating costs

7/9/2014
components of a compensation
package
Financial Direct Financial - Indirect
Basic pay i.e.
Wages &
Salaries
Commissions
Bonuses
Compulsory workmans
compensation & Social
security NSSF

Voluntary
Severance pay
Retirement benefits
Health and Medical
Education
training
Paid absences e.g. vacations,
sick leave

7/9/2014
The Concept of wages
7/9/2014
Non Financial
The job The job environment
Intellectual Challenges
Responsibility
Recognition
Growth
Responsibility etc
Time offholidays, vacations,
maternity etc
Appropriate status symbols &
perks ( company car, club
membership, private office,
parking, PA, business cards,
gift coupons, telecommuting,
1
st
class air travel etc)
Flexi time
Cafeteria,
Compressed work week
Stock options
Other Perks

7/9/2014
Factors affecting compensation

Prevailing pay
Corporate strategy and
management philosophy
Ability of the firm to pay
the wages, salaries and
other benefits. Financial
position.
The labour market.
Demand and supply
Government legislation
e.g. minimal wage, equal
pay for performance

External economic
constraints
Trade unions collective
bargaining
Individual bargaining
power
Worth/Type of the job
Geographic location
Employer prestige?
7/9/2014

Strategic choices in the design of
compensation systems

External equity leader, match, lag
Internal equity
Merit pay/across the board pay
Level of pay secrecy
How to mix internal and external rewards
Flexibility of the comp programme
How much of the value of benefits be paid by
employer? Employee?

7/9/2014




































Effects of compensation &
benefits

Job satisfaction:
Motivation:
Low Absenteeism
Low Turnover
Peace of Mind
Increases self-confidence
Money is used to attain a good or service
Money keeps workers from being dissatisfied
7/9/2014
A good compensation system helps
To recruit and retain qualified workers
A motivational tool
Helps build trust between top management and employees
To gain employee confidence
To reduce management staff conflicts on pay related issues
To link pay to performance so that the company can afford
this cost even in recession
To increase productivity/ bring operational excellence
To control employment costs

7/9/2014