Zee Media Corporation Limited (ZMCL) is spreading festive cheer with a Diwali advance on Variable Pay (VPay) for eligible employees, showcasing the company’s appreciation and support. Aiming to recognize the dedication of its workforce, ZMCL is granting a 50% advance on the annual VPay for fiscal year 2024-25, set for disbursement alongside October salaries on October 30, 2024. The initiative comes as a welcome gesture for employees as the Diwali season brings a time for celebration and renewal.
This Diwali advance is open to all ZMCL employees with a VPay component who joined the company on or before September 30, 2024, and are still active at the time of the payout. Employees hired between April 1 and September 30, 2024, will receive a pro-rated advance based on their annual VPay entitlement. The advance is designed to be a morale booster for employees, reflecting Zee Media’s commitment to its workforce’s well-being and celebrating their contributions.
The Diwali advance will be included with October salaries and adjusted against the final VPay payout at the end of the fiscal year. Employees leaving before December 31, 2024, will have the advance deducted from their final settlement. ZMCL assures that regular VPay assessments will proceed as planned, ensuring employees receive their fair share of performance-based rewards.
Karan Abhishek Singh, CEO of Zee Media Corporation Limited, expressed his pride in the initiative, underscoring the importance of employee appreciation. “At ZMCL, we believe our employees are at the heart of our success. This Diwali, we wanted to show our appreciation meaningfully by advancing a portion of their annual Variable Pay. We hope to enable our team to celebrate the season with added confidence and joy. Together, we look forward to a promising year ahead, fueled by resilience and shared ambition,” he said.
This initiative reaffirms Zee Media’s dedication to fostering a supportive workplace culture that values and rewards hard work. ZMCL, one of India’s prominent media corporations, operates 18 news channels in seven languages, with a viewership of over 528 million. The Diwali advance serves as a meaningful gesture to energize employees as the company embraces a forward-looking approach for a productive year ahead.
Credit: This article is based on information from Zee Media press release.
- Zee Media is offering a Diwali advance on Variable Pay to eligible employees to celebrate the festive season.
- Employees hired by September 30, 2024, qualify, with those joining after April 1, 2024, receiving a pro-rated amount.
- CEO Karan Abhishek Singh emphasizes the importance of the gesture in boosting morale and fostering appreciation.
- The advance highlights Zee Media’s commitment to a supportive and rewarding workplace culture.