CHRIS-KIRUBI-MWORIA-CENTUMIt must be a great time to be an employee of Centum Investment and a depressing one not to be an employee of the investment firm, as each employee is set to take home a fat cheque in bonuses.
Employees will each get approximately Sh6.1 million in bonuses this year after the company announced a Sh550 million gratuity payout.
This year’s bonus payout has been halved from the Sh1 billion that was set aside for 90 employees last year, amounting to roughly Sh 11 million each.
Centum CEO James Mworia said that bonuses are paid out over three years dependent on the continued performance of the company and the relevant staff remaining within the group.
He added that the company, 25 per cent owned by businessman Kirubi, uses bonuses as a retention tool and to manage future performance.
He spoke on Wednesday after the company announced a 25.3 per cent growth in net profit for the financial year ended March 31.
The company invests in various companies and projects in power, real estate, financial services, fast moving consumer goods, agribusiness, education, ICT and health sectors.