New Delhi, 8th May 2024: RateGain Travel Technologies Limited, a global provider of AI-powered SaaS solutions for travel and hospitality, today announced its initiative to prioritize work-life balance and put its employees first with more personal time-off for employees to spend quality time with themselves and their families.
In 2023, RateGain launched its DE&I Framework to create an inclusive workplace that puts employees first under its RGFORALL initiative. As part of this initiative, RateGain employees were given the responsibility to represent employees’ interest in bringing forward ideas that can help make a more collaborative, innovative, and inclusive workplace.
As a first step from these discussions and extensive feedback collected from employees, RateGain has introduced more time off for employees. According to an Ernst & Young study, for every additional 10 hours of vacation time that employees took, their year-end performance improved 8%.
With the newly introduced initiative, employees at RateGain will get:
- More time to Recharge: Employees will now have more time to recuperate and recharge from work with 15 days of wellness and sick leaves that will allow them to take wellness breaks.
- More ‘Me Time’: The first principle of building an inclusive workplace is to recognize that the need of each individual is different, taking this into consideration, RateGain is now encouraging women to take menstrual leaves and working couples to take leaves for child-care and elder care.
- More time to ‘Celebrate’: Employees will never miss an important moment with their families with more casual leaves during the year to ensure they can be with their loved ones during all celebrations.
Sahil Sharma, Chief Human Resources Officer at RateGain, commented, “While most companies are focusing on how AI can improve productivity at the workplace, we need to also look at how we can create a workplace that gives employee enough time to live better, think better, and feel better about the work they do by focusing on their holistic well-being to foster a thriving work culture. The extra-time off is one such step in that direction of many other initiatives being planned at RateGain.”
RateGain’s leave policy underscores the company’s overarching ethos of placing people at the forefront, encapsulating the core tenets of inclusivity, flexibility, and empathy.
For more information about RateGain and its commitment to employee well-being, please visit www.rategain.com.
About RateGain
RateGain Travel Technologies Limited is a global provider of AI-powered SaaS solutions for travel and hospitality that works with 3,200+ customers and 700+ partners in 100+ countries helping them accelerate revenue generation through acquisition, retention, and wallet share expansion.
RateGain today is one of the world’s largest processors of electronic transactions, price points, and travel intent data helping revenue management, distribution and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises and ferries drive better outcomes for their business. Founded in 2004 and headquartered in India, today RateGain works with 26 of the Top 30 Hotel Chains, 25 of the Top 30 Online Travel Agents, 4 of the Top 5 Airlines, and all the top car rentals, including 16 Global Fortune 500 companies in unlocking new revenue every day. For more information, please visit www.rategain.com.
Forward-looking Statements
Certain statements in this release are forward-looking statements, which involve some risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words ‘planned,’ ‘expects,’ ‘believes’, ‘strategy,’ ‘opportunity,’ ‘anticipates,’ ‘hopes’, or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, data services, and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptance of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages.
Media Contact
Ankit Chaturvedi
ankit.chaturvedi@rategain.com
Global Head-Marketing