Corporate incentive travel is a great way to motivate and reward your valuable employees. Incentive travel may be group or individual, and the destination may be local or international. But every successful incentive travel program starts with meticulous planning.
The following are good ideas , plan a company travel program which fits your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish what the incentive program should accomplish. This might be an increase in sales, boost in production output or profits, or a lowering of defective products, sales returns or lost contracts. Make sure you assign something to the improvement or reduction – a share, absolute variety of units or contracts, or even a amount.
* Find the target group for that program. This may be management, employees, salespeople, or even customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives guide to match preferences with available packages with your budget.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Ensure you have a performance tracking system available which has a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist towards the success in the travel incentive company. This could be current employee morale, organizational structure or market conditions.
* Decide if this system will 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 may be needed.
* When selecting a business incentive travel company, make sure it agrees to satisfy what’s promised for your budgeted cost, and 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 aim.
Corporate Travel on the Smaller Budget
In case you cannot afford to whisk your top performers off to Europe on the private jet, you’ll probably still reward the workers with incentive travel they can enjoy.
If you can find a way to send your team away with a teambuilding retreat, this doesn’t happen have to be far away. Campsites and resorts, obviously any good day over a chartered boat can create a memorable experience. For those, it is a better idea to deliver your recipient somewhere exotic enough to get memorable. If possible, allowing a spouse or children to accompany your employee can be another good option.
More info about corporate incentive travel have a look at our resource: click to read more