Training can be defined as system used by companies / organizations to improve skills and performance of the employees. This is an educational tool which consists of information and instructions to make existing skills sharp, introducing new concepts and knowledge to improve the employee performance and giving an organization competitive advantage. Our training programs…
The growth and development of any organization depend heavily on the hiring of new talent. Bringing new talent can result in the development of new ideas and insights. The process of hiring can be a time-consuming and resource intensive process. Hiring employees who have not been thoroughly screened can end up being costly to the…
What is TIMS? Is a Tax Invoice Management System that is an upgrade of the current Electronic Tax Register (ETR). In order to streamline VAT administration, KRA is in the process of implementing of Tax Invoice Management System (TIMS) which will enhance the current ETR program that was rolled out in 2005. What is the...
What is human resource management (HRM)? It is the practice of recruiting, hiring, deploying and managing an organization’s employees. HRM involves conducting job analysis, planning personnel needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes, and communicating with all employees at…
What is communication? Communication refers to the exchange of information either in writing or speaking and this is effective in how any business is able to relate with the customers, employees internally and to the general outsiders of the business externally. Effective communication therefore is a situation where the business is able to clearly and…
Types and Purpose of Company Meetings Meaning of company meetings This is when two or more persons (shareholders or the directors or the debenture holder or of the contributories), get together at one place, at a specific time, for lawful purposes, to discuss any common issue. Types of meetings a. Public meetings These are the…
What is Business Process Outsourcing (BPO)? Outsourcing (also referred to as contracting out) is a business practice used by companies to reduce costs or improve efficiency by shifting tasks, operations or processes to an external contracted third party for a significant period of time. Therefore, the task to be contracted out can be performed by…
What is product development? This is the improvement of an existing product or the introduction of a new product in a market. Reasons for product development Company growth objectives; product development strategy is one of the keys enabling tools for the company to continually grow. For this reason, the company will be able to penetrate…
Raising business finances through CROWDFUNDING What is crowdfunding? Crowdfunding is a method of raising capital through the joint effort of friends, family, customers, and individual investors. This approach taps into the collective efforts of a large pool of individuals “primarily online via social media and crowdfunding platforms” and leverages their networks for greater reach and...
Capital Gain Tax in Kenya What is Capital Gains Tax? Capital Gains Tax is a tax chargeable on the whole of a gain which accrues to a company or an individual on or after 1st January, 2015 on the transfer of property situated in Kenya, whether or not the property was acquired before 1st January,...
