Salaried employees who become jobless will get a fraction of their pay for six months from a State-backed fund aimed at cushioning workers laid off or are unable to work due to illness.

The Ministry of Labour says workers will be required to contribute to the yet to be formed Unemployment Insurance Fund (UIF).

Employees will contribute one percent of their pay that will be matched by employers towards the fund that aims at generating at least Sh45 billion annually on implementation.

While offering relief to sacked workers, it looks set to add to the cost of doing business in an economic setting where employers pay mandatory fees monthly to staff health and pension schemes.

The monthly stipend will be offered for six months in a period when the State hopes workers affected by job cuts would have tapped new work or entered business.

Click Link To Read More>> https://www.businessdailyafrica.com/bd/economy/laid-off-workers-to-get-jobless-pay-for-6-months-3475064

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