• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Friday, May 9, 2025
  • Login
National Age
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Education
  • Lifestyle
    • Health & Fitness
    • Fashion
    • Travel
    • Food
  • Business
  • Tech
    • App News
    • Gadgets
  • Entertainment
  • Auto
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
No Result
View All Result
National Age
No Result
View All Result
Home Business

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

National Age by National Age
May 31, 2021
in Business
0
ZingHR rolls out ESOPs increments out-of-turn promotions to boost employee morale amid COVID-19

ZingHR Logo

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.

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.”

Read ThisAlso

Krillam Redefines Sustainable Luxury in Resort Experiences

Krillam Redefines Sustainable Luxury in Resort Experiences

May 9, 2025
Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders

Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders

May 6, 2025

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 [email protected]

Tags: Employee Stock Ownership PlansESOPsHR cloud-tech companyHRMS softwarePrasad RajappanRavi BajajVenkat BalanZing2.0ZingHR
Share6Tweet4Share1SendShareSend
Previous Post

Adil Feroz Khan, an experimental actor, who has come a long way in acting, yet is miles to go!

Next Post

8th Global Nitrogen Conference focuses on sustainable development goals

National Age

National Age

Related Posts

Krillam Redefines Sustainable Luxury in Resort Experiences
Business

Krillam Redefines Sustainable Luxury in Resort Experiences

May 9, 2025
Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders
Business

Penora’s Announces “The Business Pinnacle Awards 2025” to Honour India’s Outstanding Entrepreneurs and Leaders

May 6, 2025
Barclay Italy Launches Clean, Alcohol-Free Skincare & Haircare for Oily, Acne-Prone Indian Skin
Business

Barclay Italy Launches Clean, Alcohol-Free Skincare & Haircare for Oily, Acne-Prone Indian Skin

May 6, 2025
Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India
Business

Jivanrang: How One Woman’s Childhood Sparked a Movement to Reimagine Eldercare in Urban India

May 6, 2025
Plumbex India 2025: Strategic Collaborations and Whitepaper Launch to Revolutionize Urban Water Management
Business

Plumbex India 2025: Strategic Collaborations and Whitepaper Launch to Revolutionize Urban Water Management

May 6, 2025
Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living
Business

Ceebeedesignstudio: A Homegrown Harmony of Indian Heritage and Luxury Living

May 5, 2025
Next Post
8th Global Nitrogen Conference focuses on sustainable development goals

8th Global Nitrogen Conference focuses on sustainable development goals

GIS-based mapping of microbial diversity of river Ganga

GIS-based mapping of microbial diversity of river Ganga

IIT Delhi to establish department of energy science and engineering

IIT Delhi to establish department of energy science and engineering

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

May 26, 2022
Now our E-store India has become an international company

Now our E-store India has become an international company

November 1, 2022
Rotary announces: 20th Global Poster Painting Competition

Rotary announces: 20th Global Poster Painting Competition

June 8, 2022
On 27th & 28th December at Surat Marriott, Athwalines India’s premier fashion showcase Hi Life Exhibition is back

On 27th & 28th December at Surat Marriott, Athwalines India’s premier fashion showcase Hi Life Exhibition is back

December 26, 2023
Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

Pro Cricket Championship Trophy (PCCT) announced the schedule of their selection trials and matches today

27
MPF Investments are mainly aimed at companies in the Indian Market

MPF Investments are mainly aimed at companies in the Indian Market

4

TECNO launches SPARK Power 2 Air: The new Power Play Entertainment device

2

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

1
Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Krillam Redefines Sustainable Luxury in Resort Experiences

Krillam Redefines Sustainable Luxury in Resort Experiences

May 9, 2025
Mayur Rajesh Madhekar – Winner of the 21st Century Emily Dickinson Award

Mayur Rajesh Madhekar – Winner of the 21st Century Emily Dickinson Award

May 8, 2025

Recent News

Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Krillam Redefines Sustainable Luxury in Resort Experiences

Krillam Redefines Sustainable Luxury in Resort Experiences

May 9, 2025
Mayur Rajesh Madhekar – Winner of the 21st Century Emily Dickinson Award

Mayur Rajesh Madhekar – Winner of the 21st Century Emily Dickinson Award

May 8, 2025

www.nationalage.com, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

If you have any query regarding Site, Advertisement, and any other issue, please feel free to contact at [email protected]

Follow Us

Browse by Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World
Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

Rachit Kapoor – SwaRachit: Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

Debojit Barthakur – Winner of the 21st Century Emily Dickinson Award

May 9, 2025
Krillam Redefines Sustainable Luxury in Resort Experiences

Krillam Redefines Sustainable Luxury in Resort Experiences

May 9, 2025
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

Copyright © 2021 National Age

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

Copyright © 2021 National Age

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