• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News
Monday, February 6, 2023
  • Login
1Money Mania
  • Home
  • Corporate
  • Economy
  • Company News
  • Markets
  • Industry Updates
    • Aviation
    • Chemical Industry
    • Education & Training Industry
    • Engineering Industry
    • Fisheries in India
    • FMCG
    • Gems & Jewellery
    • Healthcare
    • Hospitality
    • IT and Services
    • Petroleum Industry
    • Pharmaceutical Industry
    • Railways
    • Software Industry
    • Telecommunications
    • Textile & Fashion Industry
    • Travel & Tourism
    • Auto Sector
  • Banking
  • Finance/Money
  • Start-ups
  • Others
    • Business Events
    • IPO News
    • Bollywood Business
    • Mutual Funds
    • MSME
    • Opinion
    • Real Estate / Infra
    • Technology
    • Young Entrepreneurs
    • Women Entrepreneurs
    • Ministry of Finance
    • Tribal Entrepreneurship
    • Kids Entrepreneurs
    • Marketing
    • Social Media
    • SocialPrenuers
    • Professional Sports
    • Entrepreneur Couple
    • Heritage Entrepreneur
    • Homepreneurs
No Result
View All Result
  • Home
  • Corporate
  • Economy
  • Company News
  • Markets
  • Industry Updates
    • Aviation
    • Chemical Industry
    • Education & Training Industry
    • Engineering Industry
    • Fisheries in India
    • FMCG
    • Gems & Jewellery
    • Healthcare
    • Hospitality
    • IT and Services
    • Petroleum Industry
    • Pharmaceutical Industry
    • Railways
    • Software Industry
    • Telecommunications
    • Textile & Fashion Industry
    • Travel & Tourism
    • Auto Sector
  • Banking
  • Finance/Money
  • Start-ups
  • Others
    • Business Events
    • IPO News
    • Bollywood Business
    • Mutual Funds
    • MSME
    • Opinion
    • Real Estate / Infra
    • Technology
    • Young Entrepreneurs
    • Women Entrepreneurs
    • Ministry of Finance
    • Tribal Entrepreneurship
    • Kids Entrepreneurs
    • Marketing
    • Social Media
    • SocialPrenuers
    • Professional Sports
    • Entrepreneur Couple
    • Heritage Entrepreneur
    • Homepreneurs
No Result
View All Result
1Money Mania
No Result
View All Result
Home Company News

ZingHR rolls out ESOPs, increments, out-of-turn promotions to boost employee morale amid COVID-19

by Money Mania
May 31, 2021
in Company News, Corporate
0
Share on FacebookShare on Twitter
  • Microsoft-backed company has also rolled out Zing2.0- an upgraded version of the app with personalised modules and revamped features

  • People, Profitability, Performance are its three top goals for 2021

Mumbai, Maharashtra [India], 31st May 2021: Microsoft-backed HR cloud-tech company ZingHR has rolled out Employee Stock Ownership Plans(ESOPs), increments and out-of-turn promotions to boost employee morale and motivate them while working from home amid COVID-19.  The ESOPs will allow approximately30% of the total workforce to own a stake in the company and bolster employee engagement efforts. ZingHR has rolled out annual increments in the range of 15 to 40% and even awarded out-of-turn promotions to 15 to 25% of their employees who have played a role in their Outcomation initiative last year. Its top three top goals for 2021 are People, Profitability, Performance. The company is also planning to increase the size of the team by 2x by strengthening the leadership team to spearhead global expansion efforts. It also aims to triple the top-line growth and improve business profits this year by better margins.

“We, as a family of employees, have been on a difficult journey in the past year, and everyone has contributed their best. To reward these efforts in this journey, we are offerings ESOPs to over 30% of our team. We aim to imbibe an entrepreneurial culture, giving wings to individual aspirations,” said Prasad Rajappan, Managing Director, ZingHR.

You May AlsoLike This

SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure

SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure

February 4, 2023
Hostizzy and Hostsphere India: Disrupting the Vacation Rental Industry with Cutting-Edge Solutions for Airbnb Hosts

Hostizzy and Hostsphere India: Disrupting the Vacation Rental Industry with Cutting-Edge Solutions for Airbnb Hosts

February 1, 2023
SERON-a name that the world trusts for home furnishings and Agro products

SERON-a name that the world trusts for home furnishings and Agro products

February 1, 2023

He added: “I have been an employee for some of the years in my career, and I can very much relate to what our employees’ expectations and needs are. I believe that if employees have a sense of ownership, they can significantly contribute to our long-term vision of providing best-in-class HRMS software focussed on OutcomationTM.”

These initiatives come when several companies are laying off employees or implementing a pay cut amid uncertainty induced by the recent surge in coronavirus cases across the country.

The company has also rolled out Zing2.0- an upgraded version of the app with personalised modules and upscaled features.  With an unparalleled suite of capabilities, Zing HR’s new digital user interface will improve the ability to collaborate, engage, and implement agile planning. It also offers access to customised views with key performance metrics and multidimensional reports. It will therefore increase the workforce’s productivity with faster, direct access to the most relevant information.

ZingHR has recently forayed into Australia, Singapore and Dubai and is set to expand into more new geographies. It is also on an aggressive hiring spree to bolster its expansion efforts.

Venkat Balan, Co-Founder, ZingHR, added, “As we all know, the past year has been difficult for all of us. However, all our employees have put their best efforts into our long-term vision. This initiative is a small contribution from ZingHR for their best efforts”.

Ravi Bajaj, Co-Founder, ZingHR, on the same occasion shared, “We believe that this is the humble way to support our employees for their patience and hard work.”

ZingHR is one of the few global ventures backed by Microsoft, which offers almost all web/mobile-based modules from Hire to Retire Solutions with state of the art tech supporting those applications. ZingHR’s USP focuses on OUTCOMATION™, which aims to achieve Tangible and Measurable Business Outcomes Like Top Line, EBIDTA, People Efficiency, and People Productivity. The company has constantly updated its technological prowess to deliver a modern and complete HR solution used by over 5 lakh employees in over 500 companies. Some of its esteemed partners include global and regional organisations like HDFC Bank, Muthoot Fincorp, Enrich Salons, Sun Pharmaceuticals, Cloud Nine Hospitals, etc. Recently, ZingHR has expanded into new regions like Australia, UAE and the Asia Pacific.

For more information or to get in contact with a ZingHR representative in your region, contact info@zinghr.com

Tags: Employee Stock Ownership PlansESOPsHR cloud-tech companyHRMS softwarePrasad RajappanRavi BajajVenkat BalanZing2.0ZingHR
Money Mania

Money Mania

Related Posts

SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure
Company News

SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure

by Money Mania
February 4, 2023
Hostizzy and Hostsphere India: Disrupting the Vacation Rental Industry with Cutting-Edge Solutions for Airbnb Hosts
Company News

Hostizzy and Hostsphere India: Disrupting the Vacation Rental Industry with Cutting-Edge Solutions for Airbnb Hosts

by Money Mania
February 1, 2023
SERON-a name that the world trusts for home furnishings and Agro products
Company News

SERON-a name that the world trusts for home furnishings and Agro products

by Money Mania
February 1, 2023
CIGNEX, Excellerent merge with Relevance Lab to form a global powerhouse in digital transformation & cloud services
Company News

CIGNEX, Excellerent merge with Relevance Lab to form a global powerhouse in digital transformation & cloud services

by Money Mania
January 25, 2023
Satish Reddy Director of World News Network
Company News

How Satish Reddy World News Network efforts will change the World towards India

by Money Mania
January 13, 2023
  • Trending
  • Comments
  • Latest
Now our E-store India has become an international company

Now our E-store India has become an international company

November 1, 2022
Nilesh Jedhe –Cryptocurrency trainer and founder of Digicorp Pvt Ltd rising high by imparting trading knowledge

Nilesh Jedhe –Cryptocurrency trainer and founder of Arweave Digicorp Pvt Ltd rising high by imparting trading knowledge

June 4, 2022
Incomet Learning Private Limited, Incomet learning, Stock Entrepreneurs Program, Share market, Price Action Trading courses, financial education, Kanishk Gupta, Share market preparing Fundamental examination, Stock Market Training courses, stocks and tradings

Willing To Master Stock Market? Incomet Learning Program Is Here For You

June 6, 2022
Archana Jain Talks About Her Biggest Project of 2023

Archana Jain Talks About Her Biggest Project of 2023

January 30, 2023

PrivateCourt is all set to revolutionize the concept of Online Dispute Resolution

1

FTV brings their First Beauty Pageant to India

1

Maxworth Realty Reviews – Impact of Covid In Real Estate Sector

1

Nine Mantras for Happiness And Success

1
SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure

SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure

February 4, 2023
The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal Chief Commissioner of Income Tax

The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal, Chief Commissioner of Income Tax, Hyderabad, Government of India

February 2, 2023
Hostizzy and Hostsphere India: Disrupting the Vacation Rental Industry with Cutting-Edge Solutions for Airbnb Hosts

Hostizzy and Hostsphere India: Disrupting the Vacation Rental Industry with Cutting-Edge Solutions for Airbnb Hosts

February 1, 2023
SERON-a name that the world trusts for home furnishings and Agro products

SERON-a name that the world trusts for home furnishings and Agro products

February 1, 2023

Categories

  • Agriculture & Allied Industries
  • Artpreneurs
  • Auto Sector
  • Aviation
  • Banking
  • Bollywood Business
  • Business Events
  • Chemical Industry
  • Company News
  • Corporate
  • Cryptocurrency
  • E-Commerce
  • Economy
  • Education & Training Industry
  • Edupreneur
  • Energy Sector
  • Engineering Industry
  • Entrepreneur Couple
  • Entrepreneurial Network
  • Finance/Money
  • FMCG
  • Gems & Jewellery
  • Healthcare
  • Heritage Entrepreneur
  • Homepreneurs
  • Hospitality
  • Industry Updates
  • Inspirational
  • Insurance
  • Interviews
  • Investments
  • IPO News
  • IT and Services
  • Kids Entrepreneurs
  • Marketing
  • Markets
  • Ministry of Finance
  • MSME
  • Mutual Funds
  • Opinion
  • Petroleum Industry
  • Pharmaceutical Industry
  • Professional Sports
  • Railways
  • Real Estate / Infra
  • Social Media
  • SocialPrenuers
  • Software Industry
  • Start-ups
  • Technology
  • Textile & Fashion Industry
  • Transport Business
  • Travel & Tourism
  • Tribal Entrepreneurship
  • Women Entrepreneurs
  • Young Entrepreneurs

Recent News

SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure

SignDesk and Microsoft partner to drive the next phase of document automation, powered by Azure

February 4, 2023
The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal Chief Commissioner of Income Tax

The Income Tax Collection Cost in India is the lowest in the world: Mr. Shishir Agarwal, Chief Commissioner of Income Tax, Hyderabad, Government of India

February 2, 2023

Calendar

February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Menu

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

1moneymania.in is a digital platform that brings you the news, articles, stories, success mantras and opinions of entrepreneurs from various sectors like Markets, Corporate Sectors, Industry, start-ups, finance, money, Banking, Technology, Real Estate, etc.

We are also highlighting the start-ups’ stories and encouraging the new and small entrepreneurs.

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

© 2022 Money Mania

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Money Mania

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In