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To policy will provide assistance to all eligible employees to pursue higher education (Full Time/Part Time) and thus help them enhance their performance and professional abilities.
This is to motivate and provide incentive to the employees to acquire latest skill sets.
This gives the employees the freedom to choose their own salary structure based on their requirements.
The variable component is directly linked to the company performance as well as individual performance.
Zensar has a process of identifying critical skills and calibrating employees with those skills on competency framework. Based on the competency levels, these employees are rewarded a quarterly incentive plan.
In order to retain key domain knowledge in a particular account and maintain continuity for the client’s benefit, Zensar has introduced this bonus in key accounts. This bonus is based on the duration spent on a particular account and is payable quarterly.
Zensar carries out Benchmarking exercise for compensation practices with the key competitors and necessary adjustments are carried out.
The employee, on joining of the company is entitled for coverage of Hospitalization policy provided he/she submits the data required for coverage at the time of joining. Coverage entitles the employee to a “Cash less” transaction upto the eligible limits, at any of the covered Hospitals.
The employee is entitled for coverage under Group Term Life insurance policy. The employee is covered under the policy as long as he is in the service of the company. In case of Accidental Permanent Partial Disability and Permanent Total Disability. The employee is covered under the policy as long as he is in the service of the company.
This provides Medical Check up for employees above 40 years of age so that they can remain fit for the exigencies of the Job.
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