In a heartfelt initiative to celebrate the festive spirit, Zee Media Corporation Limited (ZMCL) has announced a Diwali advance on Variable Pay for eligible employees, enhancing morale and recognizing their hard work.

As the Diwali season brings hope and new beginnings, ZMCL’s decision to provide a 50% advance on the annual Variable Pay (VPay) for the current fiscal year (FY 2024-25) is a significant gesture of support and appreciation. This advance will be disbursed alongside October salaries on October 30, 2024, emphasizing the company’s commitment to celebrating its employees’ contributions and fostering an atmosphere of optimism, the company said in a press release.

The festive advance will be available to all ZMCL employees with a Variable Pay component who joined the company on or before September 30, 2024, and remain active at the time of payout. Employees hired between April 1 and September 30, 2024, will receive a pro-rated advance based on their annual VPay entitlement.

The advance, included with October salaries and adjusted against the final VPay payout at the end of the fiscal year, reflects ZMCL’s appreciation for each employee’s role in the company’s growth. Those leaving before December 31, 2024, will have the advance deducted from their final settlement, while regular VPay assessments will continue as scheduled.

Karan Abhishek Singh, CEO of Zee Media Corporation Limited, expressed his enthusiasm for the initiative, stating, “At ZMCL, we believe our employees are at the heart of our success. This Diwali, we wanted to show our appreciation in a meaningful way. 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.”

This Diwali announcement marks a positive start to the festive season, showcasing ZMCL’s commitment to fostering a supportive workplace culture that values and rewards dedication. The advance serves as a meaningful gesture to energize employees as ZMCL embraces a forward-looking approach, building on its successes and reaffirming its dedication to employee well-being for a productive year ahead.

ZMCL is one of India’s leading media companies, with a robust presence in the news and regional genres, operating 18 news channels in seven different languages and reaching over 528 million viewers through its linear and digital properties.