Corporate incentive travel is an excellent strategy to motivate and reward your valuable employees. Incentive travel may be group or individual, along with the destination could be local or international. But every successful incentive travel program starts with careful planning.
Are mainly guidelines to help you plan a business travel program that fits your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish just what the incentive program should accomplish. This can be a rise in sales, boost in production output or profits, or a reduction in defective products, sales returns or lost contracts. Make sure you assign a worth for the improvement or reduction – a share, absolute amount of units or contracts, or even a dollar figure.
* Choose the target group for your program. This could 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 help guide match up preferences with available packages in your budget range.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Be sure you use a performance tracking system available with a clear way to measure incentive program results.
* Brainstorm what obstacles may exist towards the success in the incentive traveller. This might be current employee morale, organizational structure or market conditions.
* Evaluate if this system is going to be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When choosing a corporate incentive local travel agency, make sure it agrees to fulfill precisely what is promised on your budgeted cost, so you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to discover whether the program was successful in meeting the objective.
Corporate Travel with a Smaller Budget
Even though you cannot 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 may enjoy.
If you’re able to find the money to send your team away over a teambuilding retreat, it doesn’t must be distant. Campsites and resorts, obviously any good day on a chartered boat can produce a memorable experience. For those, it’s a better idea to transmit your recipient somewhere exotic enough being memorable. If possible, allowing a spouse or children to accompany your employee is a good idea.
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