The Institute of Human Resource Management (IHRM) has forged a strategic partnership with Stanbic Bank Kenya, marking a significant development for the Human Resource Profession in Kenya offering financial relief within the Kenyan labor market. Formalized through the signing of a Memorandum of Understanding (MOU), the partnership aims to empower employees financially through joint initiatives led by HR professionals.
Set to deliver substantial benefits to over 19,000 HR professionals and decision-makers across Kenya, this collaboration underscores a mutual commitment to fostering growth, development, and financial well-being among HR practitioners, who play a critical role in supporting employees during challenging economic times.
A pivotal component of this partnership is the implementation of a comprehensive knowledge and capacity-building program. Stanbic Bank Kenya will equip IHRM members with invaluable insights and skills necessary for their professional advancement. The program will be designed to enable HR professionals to excel, progress, and effectively lead within their organizations, consequently enabling them to provide enhanced support to their teams during financial hardships. With improved skills and knowledge, HR professionals will be equipped to administer more efficient and effective HR support, thereby cultivating superior work environments, strengthening talent management, and enhancing employee development programs. In turn, these improvements will foster a more engaged, productive, and content workforce.
Stanbic Bank Kenya will offer customized financial solutions tailored to the distinct requirements of HR professionals and their employees. The bank will facilitate interactions with financial experts who will guide financial planning, budgeting, and optimization, empowering HR professionals and their teams to make well-informed financial decisions. IHRM members will also have access to Stanbic Bank’s innovative solutions, including the D.A.D.A platform and the workplace banking proposition. These solutions are designed to be simple, accessible, and cost-effective, addressing both the financial and non-financial needs of HR professionals and helping them navigate economic challenges.
Abraham Ongenge, Head of Personal & Private Banking at Stanbic Bank Kenya, emphasized the bank’s dedication to driving market growth and supporting individual achievements. “Our partnership with IHRM
aligns with our mission to provide robust systems and solutions that foster personal and professional growth while addressing the financial difficulties many Kenyans face today,” stated Ongenge.
CHRP Quresha Abdulahi, Executive Director of IHRM, expressed enthusiasm for the partnership, highlighting its transformative potential for the HR profession in Kenya and the entire labor market. “This collaboration with Stanbic Bank Kenya is a significant step towards equipping our members with the necessary tools and resources to enhance the overall well-being and financial growth of every employee under them, especially during these financially challenging times,” said Quresha
This strategic alliance is poised to drive positive change within the HR sector, reinforcing the importance of continuous professional development and financial empowerment. By leveraging the strengths of both organizations, IHRM and Stanbic Bank Kenya are set to make a lasting impact on the HR profession in Kenya.
