Global Retention Rights Initiative Extension

Aircraft, Vehicle, Transportation, Airplane, Warplane, Metropolis, Building, Bomber, Flying, Animal

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

Related stories

Person, Fitness, Working Out, Sport, Exercise, Sports, Gym, Shorts, Clothing
With FCTG’s host of brands, Sarah was able to find her BOF while pursuing her passion

Sarah launched her Flight Centre Travel Group career in 2008 as a Travel Sales Consultant at Flight Centre West End in Brisbane. While she worked full time in her role,...

Read more >
Furniture, Hammock
Calling all travel experts to join the industry's most exclusive club

Our corporate customers now have access to the latest industry deals on both their business and leisure travel, thanks to the recently revamped ‘Leisure Club’ and our global network of...

Read more >
Clothing, Mountain, Outdoors, Nature, Person, Hood, Ice, Sleeve, Snow, Glacier
Flight Centre combats the complexities of modern-day travel with tailored service offerings for its customers

The complexities of post-COVID travel have only reinforced the value of expert travel managers and advisors. To combat this, Flight Centre has strengthened its offerings to its customers with several...

Read more >

Join our talent network today.

It’s in our DNA. We like to keep it in the family. Whether you are a former Flightie or travel industry professional, register your details to get prioritised access in the job queue and be the first to receive job alerts from FCTG.

Not You?

Thank you

Recommended Jobs

Support Accountant

514144 Queensland QLD Australia Queensland Flight Centre Travel Group Finance & Strategy
Your Career is Front and Centre at Flight Centre Travel Group. Could you be our next Support Accountant? This exciting role will be based in our FCTG HQ in Brisbane.

Product Coordinator

515981 Auckland, Central Auckland New Zealand Auckland, Central Flight Centre Travel Group Wholesale & Product
Support the Product Manager to provide a product offering for Flight Centre group brands to the front end that is creative, innovative and competitive all of the time.

Foreign Exchange Consultant (Casual) - Travel Money Oz - Rouse Hill, NSW

515968 New South Wales NSW Australia New South Wales Travel Money Group Leisure Travel & Retail
Do you have retail, sales and customer service experience along with an interest in travel? Travel Money Oz is looking for you.

Customer Service Executive

515849 Siem Reap Siem Reap Province Cambodia Siem Reap Discova Wholesale & Product
Discova is looking for Customer Service Executive to join our family in Siem Reap, Cambodia!

Corporate Traveller - Corporate Travel Consultant - Ottawa, Canada (Hybrid)

515975 Ontario Ontario Canada Ontario Corporate Traveller Corporate & Group Travel
Corporate Traveller is one of Flight Centre Travel Group’s (FCTG) most successful brands, globally. Our mission is to be the indisputable leader of the SME market, making the end-to-end travel experience seamless. For decades, we’ve been helping g...