Mumbai (Maharashtra) [India], May 31 (ANI / PNN): Microsoft-backed cloud technology company ZingHR has rolled out business ownership plans (ESOPs), increases and out-of-turn promotions to boost business morale. employees and motivate them while working from home COVID-19[FEMININE[FEMININE
ESOPs will allow approximately 30% of the total workforce to own a stake in the company and strengthen employee engagement efforts.
ZingHR has launched annual increases of 15 to 40% and has even granted out-of-turn promotions to 15-25% of its employees who played a role in its Outcomation initiative last year. Its three main goals for 2021 are People, Profitability and Performance.
The company also plans to double the size of the team by strengthening the leadership team to lead global expansion efforts. It also aims to triple frontline growth and improve business profits this year with better margins.
“We, as a family of employees, have been on a difficult journey last year and everyone has contributed their best. To reward these efforts on this journey, we offer ESOP to more than 30% of our team. Print a culture entrepreneurial, giving wings to individual aspirations, ”said Prasad Rajappan, CEO of ZingHR.
He added: “I have been hardworking for a few years of my career and I can relate to the expectations and needs of our employees. I believe that if employees have a sense of ownership, they can contribute significantly to our long-term vision. to provide the best HRMS software in its class focused on Outcomation ™. ”These initiatives occur when several companies lay off employees or implement a pay cut amid the uncertainty induced by the recent increase in coronavirus cases across the country .
The company has also released Zing2.0, an updated version of the app with custom modules and enhanced features. With an unparalleled set of capabilities, Zing HR’s new digital user interface will enhance the ability to collaborate, interact, and implement agile planning. It also provides access to custom views with key performance metrics and multidimensional reporting. Therefore, it will increase staff productivity with faster and faster direct access to the most relevant information.
ZingHR has recently ventured into Australia, Singapore and Dubai and is expected to expand into new geographies. It is also in an aggressive hiring period to bolster its expansion efforts.
Venkat Balan, co-founder of ZingHR, added: “As we all know, last year has been difficult for all of us. However, all of our employees have put our best efforts into our long-term vision. This initiative is a small contribution from ZingHR for its best efforts. “
Ring Bajaj, co-founder of ZingHR, shared on the same occasion: “We believe this is the humble way to support our employees for their patience and hard work.” ZingHR is one of the few companies in the world supported by Microsoft, offering almost all web / mobile-based modules, from Hire to Retire Solutions, with state-of-the-art technology that supports these applications. ZingHR’s USP focuses on OUTCOMATION trading; which aims to achieve tangible and measurable business results such as Top Line, EBIDTA, People Efficiency and People Productivity.
The company has constantly updated its technological skills to offer a modern and complete human resource solution used by more than 5 lakh employees in more than 500 companies. Some of its esteemed partners include global and regional organizations such as HDFC Bank, Muthoot Fincorp, Enrich Salons, Sun Pharmaceuticals, Cloud Nine Hospitals, and more. Recently, ZingHR has expanded to new regions such as Australia, the United Arab Emirates and Asia Pacific.
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