According to the latest reports by the Kenya Institute for Public Policy and Research (KIPPRA), employed Kenyans earn an average of USD 785.49 monthly before deductions. This cuts across those employed under the contract and those under permanent employment.
The report indicates that a majority of those employed in the private sector are Bachelors degree graduates while those employed in the public sector are mainly Masters degree graduates. Most PhD holders are working with NGOs.
In accordance with the report, Kenyans employed on contract basis earn an average of USD 737.32 while those on permanent terms receive an average of USD 861.08.
The report christened, ‘Employment Distribution of Graduates Across Economic Sectors in Kenya,’ further reveals that it takes approximately 1 year and 6 months for men to get jobs which is a longer period compared to women which take an average of 1 year and 3 months.
Another key information disclosed by the report is that the private sector is the biggest employer of Kenyan female workforce which accounts for 45 percent of total females employed while the public sector has employed 35 percent. Those working under the NGO’s are 13 percent and those self-employed are only 8 percent.
For the male graduates, only 2 percent are self-employed, those employed under NGOs are 9 percent, public sector male employees account to 42 percent while those under public sector are the majority 47 percent.
An earlier survey by Ipsos Synovate indicated that nearly half of Kenya households earn less than USD 99.94 per month while two percent have completely no income.
The 2018 survey by Ipsos Public Affairs on estimated total monthly income also indicated that 1 percent earns between USD 549.69 to USD 749.58 and another one percent earning between USD 749.58 and USD 999.44 per month.
The major source of household income was self-employment at 23 percent while agriculture came second at 23 per cent. As per 2018, the Private sector contributed 18 percent while public sector and ‘given money by others’ represent 7 and 6 percent respectively.
The findings of the research divulged that the main sources of self-employment were general goods kiosk, livestock marketing, foodstuff kiosk, hairdressing, carpentry, transport, and agriculture.
Featured Image Courtesy: BusinessDailyAfrica
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