FaidiHR Unveils CasualPay Platform to Facilitate Casual Workers Payments in Kenya.
Nairobi, 3rd July 2023 – Over the past few decades, ghost workers have proven a thorn in private and public institutions, costing firms and government bodies billions, as they lack proper management systems to track the enrollment and payment of casual workers.
This has prompted FaidiHR, a leading innovator in Kenya’s HR and payroll space, to launch a Fintech product dubbed CasualPay aimed at transforming how businesses manage and pay casual laborers in the country.
Kenya, like many other African countries, has a significant informal sector with a substantial
number of casual workers including but not limited to plumbers, office cleaners, electricians, construction workers, farmers, and domestic workers.
“Data by the Kenya National Bureau of Statistics (KNBS) Labor Force Survey Report for
2020 indicates that the informal sector in Kenya employed approximately 15.9 million people, which accounted for about 83.6 percent of the total employment in the country,”
Despite the increased adoption of digital technology in the country, most business owners are still managing casual workers’ attendance using paperwork filled out daily to track how many days the worker is present at work.
Not only is this a tedious process but it is significantly prone to manipulation and errors. Reconciling this data at the end of the week is also time-consuming since it must be transferred to spreadsheets before the final dues are calculated.
This introduces loopholes for fraud as this data can be manipulated to allow ghost workers into the system as well as provide room for exaggerated and erroneous payments.
This is where CasualPay comes in, creating the ability for businesses to manage casuals in a cloud database, allowing attendance to be booked in the system on a real-time basis and the reconciliation of working days which automatically computes the total amount owed to the casuals.
Additionally, the admins/business owners can initiate payments which once approved ensure that all the casual laborers receive their money via M-Pesa automatically with the click of a button.
The Fintech product has been developed as a result of feedback from the firm’s payroll and HR platform customers who apart from managing their full-time employees felt the need to automate casual attendance management and payments.
Before the official launch, the platform had already attracted more than 1,000 casual workers being managed on the digital system while more are expected to be onboarded.
The platform is free to access with the only fees charged being transaction fees capped at Sh50 per transaction.
For more information about CasualPay and to sign up for early access, please visit
www.casualpay.co.ke. Follow us on Social Media to stay updated on the latest news and
Developments.
About FaidiHR
FaidiHR is a leading HR and Payroll software company dedicated to transforming the payroll
and HR space through innovative solutions. With a commitment to empowering businesses with
modern cloud-based payroll and HR solution.
Media Contact:
Pauline Naswa
Sales and Marketing
FaidiHR
pnaswa@faidihr.com
+(254) 746 428 844