Earlier this month we revealed our plans to extend our Global Retention Rights program, a tailored retention initiative that was introduced during the 2022 fiscal year to counter COVID-19's impacts on the business and our people, for a further 12 months.
In total, around 10,000 people are expected to receive shares or cash via the FY23 offer at an expected one-off cost between $30 million and $35 million AUD.
Managing Director and Global CEO Graham "Skroo" Turner commented on the retention program noting “The GRR program is a material investment in the people who are integral to both our recovery and our future success and we believe it is contributing to the healthy overall retention rates we are seeing."
“It is first and foremost a retention program that encourages our people to continue their careers with us during what we believe will be an important period in our recovery. Travel is rebounding but there is added complexity, which once again underlines the value of our people and their expertise."
For more information read the full announcement: https://www.fctgl.com/wp-content/uploads/2022/06/220615-GRR-Initiative-Announcement.pdf