Companies raise workers’ pay on easing infections

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Coronavirus insurance claims have dropped nearly 90 per cent in the first quarter of 2022. PHOTO | AFP

Salaries in Kenya’s private sector showed a month-on-month improvement for the first time in seven months as firms sought to motivate workers after the deadly third wave of coronavirus infections eased, a closely-watched survey suggests.

A majority of employers in key sectors of the economy such as agriculture, manufacturing, construction and services indicated they increased pay in May, according to findings of Stanbic Bank Kenya’s #ticker:SBIC Purchasing Managers Index (PMI).

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Note: The results are not exact but very close to the actual.