Zoo Media, India’s largest independent digital media service network, recently launched an employee stock ownership plan (ESOP). ESOP stands for employee stock ownership plan. As a result of taking this step, Zoo Media has become a member of the exclusive club of Indian agency networks that provide ESOPs to their respective employees.
Senior managers at Zoo Media who are eligible to participate in the stock option plan and fulfill the qualifications mentioned in the policy will be given access to the plan. The first phase of the employee stock ownership plan (ESOP) allotment has already been initiated by the network, and it has done so by registering key personnel as shareholders. This program was initiated with the purpose of rewarding employees who have contributed to the establishment and expansion of the network, as well as encouraging newcomers and younger members of management to join the organization. In addition, this program was designed to reward workers who have contributed to the establishment and expansion of the network.
The announcement of this news came at the same time as the independent network launched its first office outside of the United States in the city of New York. It is also going to be making several announcements on acquisitions and strategic partnerships over the next weeks and months.
To discuss issues concerning the operation of the project According to Suveer Bajaj, one of the co-founders of Zoo Media, the firm has seen “immense growth” over the last two years. We have been successful in accomplishing this goal thanks to the seasoned executives that are a part of our network. These leaders have taken ownership of the situation and have been working relentlessly to make our collective vision a reality. They have accepted responsibility for the issue. We can acknowledge all of their hard work and turn them into stakeholders in the network that they have been so instrumental in the building by offering them employee stock ownership plans (ESOPs). In addition, this acts as a tremendous motivation for industry experts as well as our younger team members to continue developing with us, which is a wonderful benefit for everyone involved.
More than 600 people are now employed at Zoo Media across its offices in Mumbai, Gurgaon, Bengaluru, New York, and Dubai respectively.
Follow and connect with us on Facebook, LinkedIn & Twitter
