Corporate incentive travel is an excellent way to motivate and reward your valuable employees. Incentive travel can be group or individual, as well as the destination can be local or international. But every successful incentive travel program begins with careful planning.
Listed here are guidelines to help you plan a business travel program that suits 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 an increase in sales, surge in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Be sure you assign a price for the improvement or reduction – a portion, absolute amount of units or contracts, or possibly a dollar figure.
* Pick the target group to the program. This can be management, employees, salespeople, and even customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide complement preferences with available packages in your price range.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Be sure to possess a performance tracking system in position which has a clear way to measure incentive program results.
* Brainstorm what obstacles may exist towards the success in the corporate incentive trips. This can be current employee morale, organizational structure or market conditions.
* See whether the program will likely be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When choosing a corporate incentive local travel agent, make certain it agrees to meet what’s promised for the budgeted cost, so you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to determine whether or not the program was successful in meeting the goal.
Corporate Travel on a Smaller Budget
Even though you can not afford to whisk your top performers away to Europe with a private jet, you’ll probably still reward your employees with incentive travel that they’ll enjoy.
If you can manage to send your team away with a teambuilding retreat, it won’t must be distant. Campsites and resorts, even a day on a chartered boat can make a memorable experience. For folks, it’s a better idea for you your recipient somewhere exotic enough to become memorable. Whenever possible, allowing a spouse or children to accompany your employee is a wise decision.
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