TravelBullz Celebrates 12th Foundation Day; Incentivizes 14 Employees with ESOPs
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Leading B2B online DMC has announced an incentive in the shape of ESOPs (Employee Stock Option Plan) to reward the company’s 14 key employees on the eve of the 12th Foundation Day.
These 14 employees have been handpicked based on their long-term association, contribution and commitment to the company’s growth and vision. The recognition has been through the rank and file, ranging from frontline executives to HOD's.
This is a first-of-its-kind initiative in the travel and tourism industry, where ESOPs are being issued & wealth is shared with employees by a self-funded Private Limited company.
According to the scheme, employees of TravelBullz will be able to vest their ESOPs after a period of 2 years. The grant of ESOP shall generate wealth for the ESOP holders in line with the company's valuation in 2 years.
K. D. Singh, Founder & President of TravelBullz, said “We owe our growth in the last 12 years to our people and their dedication. We wish to reward their complete ownership, their unflinching support through the pandemic and their outstanding performance. I wish that in the coming years' everyone working with TravelBullz should have ESOPs so that they could align their growth to the company's growth.”
Shalini Nair, Founding Member, TravelBullz, added, “Our employees are our most valuable asset, and their devotion and hard work have allowed us to expand significantly in the last year. This ESOPs is our method of expressing our gratitude in a very humble way to our employees and, as a result, making them stakeholders in our success.”