Tag: HR

Zimyo, an HCM platform known for offering HR and payroll solutions, has now embraced embedded finance to empower organizations to support their employees’ financial wellness.

The company has partnered with various insurance companies, NBFCs and AMCs to unveil an extensive ‘Employee Benefits’ module offering advance salary, payday loans/ personal loans, health & term life insurance, tax saving investment plans, mutual funds, expense cards/ credit cards, retirement plans and much more. It will be addressing these issues with embedded finance and offer tech-driven financial experience to the organisations need at highly competitive prices.

“Over the years, we have realized that an employee’s financial wellness is as important as their mental, physical and emotional wellness. Employers must make employees and the lives associated with them feel safe and valued. We believe organizations must bring employee’s financial wellness to the forefront. Embedded finance is the need of the hour that can help in creating a more engaged workforce.” said Ajay Kadan, Co-founder and CTO of Zimyo.

Recently, ‘Employee Benefits’ has emerged as a popular option to engage and retain employees. According to a survey conducted by Willis Towers Watson, 75% of employees are more likely to continue working with their employer because of their employee benefits package.