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Employee Compensation & Benefits:

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Best paying jobs 2012USA Other regionsPsychiatristFamily DrSurgeonsInternal medicineObstetricianRadiologistAnaesthetistCorporate executivesCEOs

PilotCEODesigners/DirectorsActorMetereorologyFin AssociateHotel ManagerVet.

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The Top 5 Highest Best Paying Jobs In Kenya

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

equivalent to $14,118

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2. Commercial bank C.E.Os and top managers

3. CEOs of top five star hotelsSankara, located in nairobi’s westlands areaHiltonSerena hotelsThe sarova StanleyNairobi safari clubWhitesands hotels

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4. Constitutional office holdersThe chief justice and his assistantChairman of the independent electoral and boundaries

commission (IEBC) and the seven commissioners that come under him.

The attorney generalChairpersons 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)

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5. News anchors and presentersEg Janet Mbugua, Caroline Mutoko –

rumoured to be over 800 000kCitizen and NTV pay well

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Highest Paid In Kenya 20111. 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

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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 company’s 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.

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NO. PLAYERSALARY

(per annum)

BONUSES OTHER INCOME

TOTAL EARNING

1 Lionel Messi (Barcelona) €10.5m €1.5m €21m €33m2 David Beckham (LA Galaxy) €4.8m €0.7m €26m €31.5m3 Cristiano Ronaldo (Real Madrid) €13m €0.7m €15.5m €29.2m4 Samuel Eto'o (Anzhi Makhachkala) €20m €0.3m €3m €23.3m5 Wayne Rooney (Manchester Utd) €13.8m €0.8m €6m €20.6m6 Sergio Aguero (Manchester City) €12.5m €1.3m €5m €18.8m7 Yaya Toure (Manchester City) €13.8m €1.3m €2.5m €17.6m8 Fernando Torres (Chelsea) €10.8m €0.7m €5.2m €16.7m9 Kaka (Real Madrid) €10m €0.5m €5m €15.5m10 Philipp Lahm (Bayern Munich) €10m €0.6m €3.7m €14.3m

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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.

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Compensation may influence:

who is attracted and retained in the organization

the level of employee satisfaction with work

the organization’s operating costs

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components of a compensation packageFinancial – Direct Financial - IndirectBasic pay i.e. Wages &

SalariesCommissionsBonuses

Compulsory – workman’s compensation & Social security NSSF

VoluntarySeverance payRetirement benefitsHealth and MedicalEducationtrainingPaid absences e.g.

vacations, sick leave

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The Concept of wages

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Non FinancialThe job The job environment Intellectual

ChallengesResponsibilityRecognitionGrowthResponsibility etc

Time off–holidays, vacations, maternity etc

Appropriate status symbols & perks ( company car, club membership, private office, parking, PA, business cards, gift coupons, telecommuting, 1st class air travel etc)

Flexi time Cafeteria,Compressed work weekStock optionsOther Perks

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Factors affecting compensation

Prevailing payCorporate strategy and

management philosophyAbility 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 locationEmployer prestige?

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Strategic choices in the design of compensation systems

External equity – leader, match, lagInternal equityMerit pay/across the board payLevel of pay secrecyHow to mix internal and external rewardsFlexibility of the comp programmeHow much of the value of benefits be

paid by employer? Employee?

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Effects of compensation & benefits

Job satisfaction: Motivation: Low AbsenteeismLow TurnoverPeace of MindIncreases self-confidenceMoney is used to attain a good or serviceMoney keeps workers from being

dissatisfied

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A good compensation system helpsTo recruit and retain qualified workersA motivational toolHelps build trust between top management and

employeesTo gain employee confidenceTo reduce management staff conflicts on pay related

issuesTo link pay to performance so that the company can

afford this cost even in recessionTo increase productivity/ bring operational excellenceTo control employment costs