Corporate incentive travel is a good strategy to motivate and reward your valuable employees. Incentive travel can be group or individual, as well as the destination may be local or international. But every successful incentive travel program commences with meticulous planning.
Are mainly guidelines 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 what are the incentive program should accomplish. This might be a rise in sales, boost in production output or profits, or a decrease in defective products, sales returns or lost contracts. Make sure you assign a value on the improvement or reduction – a part, absolute amount of units or contracts, or possibly a dollar figure.
* Find the target group for the program. This could be management, employees, salespeople, or perhaps customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to go with preferences with available packages with your budget.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Make sure you use a performance tracking system set up having a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist towards the success of the travel incentive companies. This could be current employee morale, organizational structure or market conditions.
* Determine whether this software 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 may be required.
* When deciding on a corporate incentive travel company, be sure it agrees in order to meet precisely what is promised for your budgeted cost, so you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to ascertain whether or not the program was successful in meeting the aim.
Corporate Travel over a Smaller Budget
Although you may do not want to whisk your top performers off to Europe with a private jet, you’ll probably still reward the employees with incentive travel that they may enjoy.
If you’re able to find the money to send your team away with a teambuilding retreat, this doesn’t happen must be distant. Campsites and resorts, even a day over a chartered boat can certainly produce a memorable experience. For folks, it’s actually a better idea to deliver your recipient somewhere exotic enough to get memorable. If possible, allowing a spouse or children to accompany your employee is a good plan.
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