Corporate incentive travel is a great approach to motivate and reward your valuable employees. Incentive travel can be group or individual, as well as the destination could be local or international. But every successful incentive travel program starts off with careful planning.
The following are tips to help you plan a business travel program that matches your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish what are the incentive program should accomplish. This may be a rise in sales, rise in production output or profits, or possibly a reduction in defective products, sales returns or lost contracts. Be sure to assign something towards the improvement or reduction – a share, absolute quantity of units or contracts, or even a amount.
* Find the target group for that program. This may be management, employees, salespeople, or perhaps customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to complement preferences with available packages in your price range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Be sure to have a very performance tracking system in position having a clear strategy to measure incentive program results.
* Brainstorm what obstacles may exist towards the success with the incentive travel companies. This might be current employee morale, organizational structure or market conditions.
* Determine whether the program will likely be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When picking a company incentive local travel agent, make sure it agrees to meet what is promised for the budgeted cost, so you understand its cancellation policies.
* Following your program, survey winners and non-winners to determine whether the program was successful in meeting the goal.
Corporate Travel on a Smaller Budget
Although you may can not afford to whisk your top performers away to Europe on a private jet, you’ll probably still reward the workers with incentive travel they can enjoy.
When you can find a way to send your team away on a teambuilding retreat, it doesn’t should be far. Campsites and resorts, a day on a chartered boat can certainly produce a memorable experience. For people, it is a better idea to deliver your recipient somewhere exotic enough to be memorable. When possible, allowing a spouse or children to accompany your employee is also a good plan.
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