In a significant development for the Kenyan Human Resource (HR) profession, the Institute of Human Resource Management (IHRM) has entered into a strategic partnership with Stanbic Bank Kenya.

This collaboration formalized through a signed Memorandum of Understanding (MoU), aims to empower HR professionals financially and equip them with essential skills for professional advancement, ultimately benefiting the Kenyan labour market at large.

The partnership offers a two-pronged approach: financial empowerment and professional development.

Stanbic Bank will provide IHRM members with access to specially designed financial solutions.

These solutions will encompass expert guidance on financial planning and budgeting, alongside access to the bank's innovative D.A.D.A platform and workplace banking proposition.

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Tailored to address the specific financial needs of HR professionals and their teams, these solutions aim to equip them with the tools and knowledge to navigate economic challenges with greater resilience.

"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 Abraham Ongenge, Head of Personal & Private Banking at Stanbic Bank Kenya.

Beyond financial relief, the partnership prioritizes continuous professional development for HR professionals.

Stanbic Bank will develop a comprehensive knowledge and capacity-building program specifically designed for IHRM members.

This program will equip them with the necessary skills and insights to excel in their roles, particularly during challenging economic times.

By enhancing the skillset and knowledge base of the HR workforce, the partnership aims to cultivate superior work environments, strengthen talent management practices, and ultimately, lead to the development of more effective employee development programs.

"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 CHRP Quresha Abdulahi, Executive Director of IHRM.

This strategic alliance between IHRM and Stanbic Bank Kenya signifies a commitment to fostering growth and development within the Kenyan HR sector.

By empowering HR professionals with both financial tools and professional expertise, this partnership has the potential to drive positive change across the entire Kenyan labour market.