Nairobi, Sept. 13 -- The average earnings for workers in the private sector grew at the slowest pace in a decade last year as pandemic-hit firms moved to slash salaries and adopt unpaid leave policies to contain costs.
Findings of the latest Economic Survey by the Kenya National Bureau of Statistics (KNBS) show companies raised average monthly pay by 3.82 percent to Sh67,490 in the year ended June 2020, a steep drop from the 8.16 percent raise to Sh65,006 the year before.
That was the slowest rise in earnings since 2011 when firms raised average pay by 3.48 percent, and nearly half the average 7.41 percent in a decade before last year.
Employers are warning it will take years for pay raises to return to pre-pandemic levels, with firms st...