Staying Compliant Made Easy: How FaidiHR Can Streamline Your Business Operations
Human Resource Technology (HRTech) systems are designed to streamline HR processes, increase efficiency, and improve compliance with labour laws. In Kenya, where labour laws are complex and constantly evolving, using a HRTech system is becoming increasingly important for businesses of all sizes. FaidiHR, a cloud-based people's operations platform, is one such platform that can help small businesses stay compliant with labour laws in Kenya.
FaidiHR is a comprehensive platform that offers a range of features to help businesses manage their HR processes. These features include payroll management, leave management, performance management, employee self-service, and more. By automating these processes, businesses can save time and reduce the risk of errors, while also ensuring compliance with laws. As you may be aware, the Kenyan government has recently revised the National Social Security Fund (NSSF) rates, which are set to take effect this month. You can read more about the new rates here. As your trusted HR partner, we at FaidiHR will ensure that you are well informed about these changes and that your company is compliant with the new rates. FaidiHR's team of experts monitors changes in laws like this NSSF Rates and updates the platform accordingly, ensuring that businesses are always compliant.
One of the key benefits of using FaidiHR is that it can help your businesses stay up to date with changes in laws. In Kenya, statutory deductions and regulations are complex and can change frequently, making it difficult for businesses to keep track of all the relevant directives. FaidiHR's team of experts monitors changes in mandates and updates the platform accordingly, ensuring that businesses using the platform are always compliant with the latest regulations.
FaidiHR can also help businesses ensure compliance with specific employment & tax laws in Kenya. For example, the platform includes features to help businesses comply with the Employment Act, which governs the employment relationship between employers and employees in Kenya. This includes features such as automatic calculation of statutory deductions, automatic generation of employment contracts, and tracking of employee benefits.
Another key benefit of using FaidiHR is that it ensures your business avoids costly fines and penalties for non-compliance. In Kenya, businesses that fail to comply with set regulations can face significant fines and penalties, which can be detrimental to the financial health of a small business. By using a HRTech system like FaidiHR, businesses can reduce the risk of non-compliance and avoid these costly fines and penalties.
In addition to compliance, FaidiHR also helps businesses improve efficiency and productivity. By automating HR processes, businesses can save time and reduce the risk of errors. For instance, our leave management feature allows employees to apply for leave online, and automatically updates the leave calendar, reducing the administrative burden on HR staff. This, in turn, allows HR staff to focus on more strategic tasks, such as talent management and employee engagement.
FaidiHR plays a hand in improving employee engagement and retention. The platform includes a performance management feature/ Appraisal, which allows managers to set goals and track employee performance. This can help identify high-performing employees and provide them with opportunities for career growth and development. By investing in your employees' growth and development, your business can improve employee engagement and reduce turnover.
Overall, FaidiHR is a valuable tool for small businesses looking to stay compliant with the ever changing regulations in Kenya. By automating HR processes, businesses can save time, reduce errors, and ensure compliance with the latest regulations. The platform guarantees businesses to improve efficiency, productivity, and employee engagement, ultimately leading to a more successful and sustainable business.
Both big and small businesses in Kenya can benefit greatly from using a HRTech system like FaidiHR. By streamlining HR processes and ensuring compliance with labour laws, businesses can save time, reduce the risk of errors, and avoid costly fines and penalties. To learn more about FaidiHR and how it can help your business, contact us through WhatsApp/Call on +254 746 428 844 or email [email protected]. Book a demo here.