Antilog Vacations , One of the fastest growing Travel company in India, has announced twenty four international FAM Trips for its employees.It is expected that hundred more FAM trips will be announced for its Team slated to touch five hundred people by Dec 2017.This news has come as a shocking and pleasant surprise in travel industry which is facing a grim situation with reduced margins and intense competition.
It is to note that Antilog Vacations IPO announcement could make a major difference in the lives of travel industry professionals who stand
to earn at least 50,000 USD in form of ESOP and other perks.This is in addition to the high salaries Antilog Vacations provides to its employees along with a medical insurance,Loans and several other waiver plans.
Close competitor, Thomas Cook and Makemytrip ,are known to cut costs by operating via a Call centre/BPO model where there are no cost liabilities of any human resource enrolled on third party’s panel.
Vacations industry is a fast changing world where small travel agents are on a threat of closure and bankruptcy.Small companies open up every day and most close within few years.Some fly by night operators collect money from travellers and default when they are unable to pay the suppliers.Since 2012 Chandigarh Police have booked 20 agents, who were fraudulently dealing with tourist visa and holiday packages and have sealed their premises, but at least five of them still figure among 134 names in the list of travel agents registered with local police.
All the employees in these companies were not paid salaries for at least whole one year.They were lured for a high salary and fake promises but in due course salaries were delayed citing losses.Many of these employees are on a runaway as customers have filed criminal cases against them and absconding owners.
Antilog Vacations has set up an example which became possible due to its ethical policies and ‘Employees before anything’ approach.Daily hundreds of job seekers apply to work in this company with only handful invited for interview and very few who finally make it.A great company to watch out for , we wish them all the best