THE VALUE HR ADDS TO ORGANIZATIONS
What Value Should HR be Giving to Organizations It is common for some business owners, especially in SMEs or startup organizations, to initially overlook the value of HR, because their understanding of what HR should do is administrative functions, such as recruitment, payroll, benefits administration, and compliance While business owners or other functions such as […]
TOP 5 ACCOUNTING/BOOKKEEPING SOFTWARE IN KENYA, 2023
In today’s rapidly evolving business landscape, accounting software have become an essential tool for businesses of all sizes in Kenya SMEs included. These software solutions not only streamline financial processes but also enable better financial management, compliance with tax regulations, and enhanced decision-making. With several options available, it can be challenging to choose the best […]
CBK – Digital Credit Providers (DCP) Regulations in Kenya – Highlights
In the digital age, the use of digital credit providers (DCPs) has become increasingly popular. These providers offer convenient, accessible, and efficient financial services to individuals and businesses. However, with the rising importance of data security and privacy, it is crucial for DCPs to adhere to the Central Bank of Kenya (CBK) regulations to ensure […]
The Proposed 2.75pc Social Health Insurance Fund Rates and Their Significance
Current Rates The National Health Insurance Fund (NHIF) was established under Parliament Act of 1966 with the primary objective of providing comprehensive medical insurance coverage to all its members and their declared dependents, including children and spouses. Since its inception, NHIF has undergone numerous reforms to enhance its effectiveness and to accommodate the changing healthcare […]
A winning approach to business process transformation
Business Transformation Explained; Ideation, Incubation, Scaling In pursuit of profit maximization, revenue growth, customer satisfaction and an expanded market share among other goals, a holistic business transformation strategy is more than necessary for these very businesses. Fundamental changes are therefore made to various aspects of business. They may include changes in the structure, customer focus, […]
Enhancing Risk Mitigation in Kenyan SACCOs through Predictive Analytics
Savings and Credit Cooperative Societies (SACCOs) are instrumental in Kenya’s financial sector, serving as a crucial platform for delivering financial services to millions of Kenyans. Over time, these SACCOs have cultivated a reputation for their exceptional financial provisions, enabling them to extend their reach to both urban and rural areas. Their contributions span from fostering […]
BENEFITS OF HOSPITAL ASSETS HEALTH MANAGEMENT
The main objective of hospitals is to provide sustainable quality health care to the patients, at the best affordable rates, while maintaining acceptable health care standards. To help achieve this, the hospital has to use its assets in its daily operations. The Assets of a hospital can be classified as follows Human Capital – These […]
How Internal Audit Can Transform SACCOS
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve the operations of an organization. It is an internal function that provides an organization with an independent and systematic evaluation of its risk management, control, and governance processes. Internal audit plays a crucial role in ensuring transparency, accountability, and […]
