ZingHR, the HR cloud-tech company, has offered Employee Stock Ownership Plans (ESOPs) to 30 per cent of its workforce, increments of 15 to 40 per cent, and out-of-turn promotions in a bid to motivate the employees and boost their employee morale.
By giving out-of-turn promotions to 15 to 25 per cent of the employees, the Microsoft-backed HR company is rewarding those who played a significant role in its Outcomation programme in 2020. Through these measures, the Company is trying to move closer to accomplishing its goals for 2021, which are people, profitability and performance.
The Company is looking at expanding its team two fold, by making its top ranks stronger so that they can facilitate global expansion. Its aim is to improve business profits in 2021 through better margins.
These efforts will go a long way to building an “entrepreneurial culture” in the Company and helping individuals achieve their aspirations.
The new digital user interface of the upgraded version of Zing2.0, the Company’s app, offers better collaboration, engagement and agile planning. The app offers personalised modules and upscaled features. It also allows access to customised views with key performance metrics and multidimensional reports. As a result, productivity will improve, and it will become possible to access relevant information directly and fast.
ZingHR now has presence in Dubai, Singapore as well as Australia and plans to expand into other countries too, for which it will be hiring more people.