Corporate incentive travel is a great way to motivate and reward your valuable employees. Incentive travel can be group or individual, as well as the destination might be local or international. But every successful incentive travel program begins with careful planning.
Listed below are tips to help you plan a company travel program that suits your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish exactly what the incentive program should accomplish. This can be an increase in sales, rise in production output or profits, or perhaps a reduction in defective products, sales returns or lost contracts. Make sure you assign a worth for the improvement or reduction – a part, absolute quantity of units or contracts, or possibly a dollar figure.
* Find the target group for your program. This may be management, employees, salespeople, or even customers.
* Uncover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide match preferences with available packages in your cost range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Make sure you possess a performance tracking system available with a clear way to measure incentive program results.
* Brainstorm what obstacles may exist to the success with the incentive travel agents. This can be current employee morale, organizational structure or market conditions.
* Decide if this system will probably be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms may be required.
* When selecting a business incentive local travel agency, ensure it agrees to satisfy precisely what is promised for your budgeted cost, and you understand its cancellation policies.
* After your program, survey winners and non-winners to find out whether the program was successful in meeting the goal.
Corporate Travel on a Smaller Budget
Even if you do not want to whisk your top performers off to Europe with a private jet, you could still reward your employees with incentive travel that they may enjoy.
If you’re able to find the money to send your team away over a teambuilding retreat, it does not have to be distant. Campsites and resorts, a day on a chartered boat can make a memorable experience. For those, it’s actually a better idea to send your recipient somewhere exotic enough to get memorable. When possible, allowing a spouse or children to accompany your employee can be another good plan.
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