Contributions to the Social Health Insurance Fund (SHIF) are set at 2.75% of an employee’s gross salary or annual income for non-salaried earners. The minimum contribution is Kshs. 300, ensuring health coverage for all.
SHIF Contributions: How Much Should Be Contributed?
Contributions to the Social Health Insurance Fund (SHIF) are set at 2.75% of an employee’s gross salary or annual income for non-salaried earners. The minimum contribution is Kshs. 300, ensuring health coverage for all.
SHIF vs. NHIF: Rate Comparison
In a move to streamline payroll and accounting processes, FaidiHR has integrated with QuickBooks Online, making it easier for businesses to manage their finances. This integration bridges the gap between HR operations and financial management, offering an automated solution that syncs payroll data with accounting records in real time.
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In Kenya, generating a payslip typically involves a structured process that adheres to government regulations, including tax deductions, statutory contributions, and employee allowances. Here’s a step-by-step guide on how to generate a payslip:
1. Collect Employee Details
- Basic Information: Name, ID number, PIN number (Kenya Revenue Authority - KRA),...
A Kenyan labor court has delivered a groundbreaking ruling that’s sure to stir up some office gossip: workplace romances are perfectly fine and shouldn't be policed by employers. In a decision that blends...
With the transition from NHIF to the Social Health Insurance Fund (SHIF) effective October 1, 2024, employers must act swiftly to register their employees before the September 30 deadline. The SHA Employer Portal is the key tool for managing employee registration and contributions under this new system. Here's a step-by-step...
The Ministry of Health (MoH) has issued a directive to all employers, emphasizing the importance of registering their staff for the Social Health Insurance Fund (SHIF) before the upcoming September 30, 2024 deadline. SHIF will officially replace the National Health Insurance Fund (NHIF) on October 1, 2024, as per the...
With the transition from NHIF to the Social Health Insurance Fund (SHIF) effective October 1, 2024, employers must act swiftly to register their employees before the September 30 deadline. The SHA Employer Portal is the key tool for managing employee registration and contributions under this new system. Here's a step-by-step...
FaidiHR Partners with HealthX Africa to Launch Employee Health and Wellness Program
HealthX Africa, a leader in telehealth primary healthcare services,...
FaidiHR
FaidiHR has established itself as a leading cloud-based platform tailored specifically for Kenyan businesses. One of its primary advantages lies in its deep understanding and compliance with local regulatory requirements. This ensures that businesses using FaidiHR can confidently manage payroll processing, tax compliance, and statutory reporting without the complexities typically...
