Analysis of Factors Affecting Staff Recruitment in Private Hospitals in North Rift: A Survey of Uasin Gishu County

The recruitment process in organizations are not exemption as they are usually faced with challenges and their vacancy rates, staff turnover rates, the extent of use of temporary staff, absence rates, and the level of overtime/excess hours working. The study therefore sought to analyze the factors affecting recruitment in health institutions. The study adopted descriptive survey and 8 major private hospitals in Eldoret were sampled. Census sampling method technique was used. The collected data was then coded and analyzed using the SPSS version 17 computer program. Descriptive statistics such as frequencies, percentages, standard deviations and Inferential statistics such as Pearson’s Product Moment Correlation, Analysis of Variance (ANOVA), and Multiple Regression Analysis(MRA) were used in the qualitative and quantitative analysis of data. Multiple Regression Analysis results showed the extent of the effect of the independent variables on the dependent variable. Pearson’s Product Moment Correlation was used to ascertain the interrelationship between variables. Findings showed a positive significant relationship between Policies & Procedure characteristics and Effective recruitment of staff (r of 0.507 (50%) with a p value of 0.00); findings also indicates a strong relationship between Job analysis and Effective recruitment (0.421, p value of 0.000 (p<0.005)); findings indicates a strong relationship between Labour market and Effective recruitment (0.593, p value of 0.000 (p<0.005). The study provides some precursory evidence that policies and procedures; job analysis; labour market and competition play an important role in recruitment process. The study recommended that Private hospital management need to understand the benefit of having effective recruitment in the organization. It was important to employ high quality employees because they could achieve the goals of the company. This would reduce the risk of having incompetent employees that affected the organization in achieving its long term goals. Effective recruitment was beneficial because vacancies were filled quickly and performance was maintained. Keywords: Policies and procedures; job analysis; labour market and competitio

Effects of Quality of Population Data on Budget Formulation in Nyandarua County

This study assessed how population data affects budget formulation in Nyandarua County. The study adopted a descriptive survey research design whose target population was the 1524 staff at the Nyandarua County headquarters. The sample size was 306 staff proportionately distributed between the levels of management in the departments that handle finance and budgets. The main instrument for primary data collection was a structured questionnaire that collected both quantitative and qualitative data. Descriptive statistics was used to analyse quantitative data while qualitative data was used to supplement interpretation of quantitative data. Analysed data was presented in percentages and frequency tables, charts and graphs for easy interpretation and discussion. Regression analysis was used to determine relationship between variables. The study revealed that though population records are maintained by the County Government there is need to improve on the way population records are obtained and maintained. In addition, the study revealed that the overall human population data in use by the county was of poor quality, was out of date and not clear to most staff members, meaning they could not trust its accuracy.  The study recommends that Nyandarua County should work with the relevant authorities to improve the quantity and quality of the demographic data it uses for budgeting. It also recommends that the county should organize to conduct baseline surveys on important indicators in the planning of the county development. Keywords: Population data, budget formulation, County Governmen

Influence of Mentorship Practices on Employee Performance in Small Manufacturing Firms in Garissa County, Kenya

Mentorship is a semi-structured approach where a person or groups of people share their knowledge, skills and experience to assist others to progress in their own lives and careers. This practice motivates employees and empowers others so as to identify their own strength and achieve organizational targets and goals. Mentorship enables the mentee to tap into the best of a mentor as a source of energy to foster intrapersonal and interpersonal understanding. These practices were identified as the independent variables, while employee performance was the dependent variable. The purpose of this study was to determine the influence of mentorship practices on employees’ performance in small manufacturing firms in Garissa County. The specific objectives conceptualized from the study include; to establish how leadership mentorship affect employee performance; to assess how innovative mentorship influence employee performance; to determine how knowledge-transfer mentorship influence employee performance; and to examine how talent development mentorship affect employee performance in small manufacturing in Garissa county. A cross-sectional survey design was used in the study whereby the respondents were all the employees were included in the study. Questionnaires were administered to collect data. Both descriptive and inferential statistics were used to arrive at conclusions on the relationships between study variables. Multiple regression analysis was used to test the set hypotheses and construct the model of interest. The study established a significant relationship between leadership mentorship, innovative mentorship, knowledge transfer mentorship, talent development mentorship and the performance of the employees. The results of the study will contribute tremendously to better the management of firms through mentorship adoption practices. The study recommends that mentorship practices be considered as part of the organizations strategy to improve on the performance of the employees. Keywords: Competitive advantage, Knowledge assets, Knowledge management, Knowledge transfer mentorshi

Factors Affecting Liquidity Risk Management Practices in Microfinance Institutions in Kenya

Liquidity is a bank’s capacity to fund increase in assets and meet both expected and unexpected cash and collateral obligations at reasonable cost and without incurring unacceptable losses. Liquidity risk is the inability of a bank to meet such obligations as they become due, without adversely affecting the bank’s financial condition. Sound liquidity management can reduce the probability of serious problems. The study adopted a survey research design. The target population included all the 128 employees from the 6 selected MFIs in Kenya. A sample of 96 employees were drawn and used in the study. Questionnaires were used to collect data from the field. The raw data collected was analyzed using the Statistical Program for Social Sciences (SPSS) Version 21.0. The hypotheses were tested using multiple regression analysis. The study found out that Micro Finance Institutions internal control systems, policies, Board oversight and risk monitoring significantly affects its liquidity risk management practices. The study recommended that established MFIs document their local strategies applied in liquidity risk management; effective internal control processes be introduced through implementation of computerized financial management systems; institutions should employ effective policies that impacts positively on the overall liquidity risk management functions; the Board should develop  initiatives to facilitate review of liquidity management framework and also provide strategic direction to the liquidity risk management function and the MFIs to maintain adequate information systems for measuring, monitoring, controlling and reporting on liquidity risks. Keywords: Liquidity Risk, Micro Finance Institutions, Board oversight and Institutional internal contro

Effect of Corporate Governance on Financial Performance of SACCOS in Kenya

This study sought to find out the effect of corporate governance on financial performance of savings and credit cooperatives.. The study looked at five theories related to corporate governance namely: agency theory, stakeholder theory, stewardship theory, simple finance model and the political model. It looked at work by others in Kenya, Uganda, Nigeria and Korea. There are 121 Sacco's in Nakuru, out of which there are fifty active Sacco's. The study did a survey of three Sacco's which have the majority of Sacco members. The study targeted all employees of the Sacco's. The study adopted a census method. They were availed to the respondents so that they could fill and return them. The study was carried out between May 2013 and December 2013. The study used Spearman’s rank correlation to analyze and present findings in tables showing percentages, frequency distribution, and also bar graphs, and pie charts. The study found out that there was a significant relationship between financial reporting and financial performance of savings and credit cooperatives. Sacco’s with more frequent financial reporting structures showed better financial performance. The study found out that there was a significant relationship between management style and financial performance of savings and credit cooperatives. Participative management with democratic leadership enhanced the financial performance of Sacco’s. The relationship between size of the board and financial performance was insignificant at 5% significance level. The study recommended that financial reporting should be done as frequently as possible, and management should use a leadership style that is most comfortable to employees and Sacco size should be kept where financial performance is least affected adversely. The study further recommended that studies should on corporate governance be carried out in other areas such as microfinance institutions, commercial banks and the financial sector as a whole