Corporate incentive travel is an excellent 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 off with careful planning.
Listed below are 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 what are the incentive program should accomplish. This can be a boost in sales, surge in production output or profits, or even a decrease in defective products, sales returns or lost contracts. Make sure you assign something for the improvement or reduction – a part, absolute variety of units or contracts, or possibly a amount.
* Select the target group to the program. This might be management, employees, salespeople, or even customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide to match up preferences with available packages with your price range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Make sure you possess a performance tracking system in place with a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist to the success in the corporate and incentive travel. This might be current employee morale, organizational structure or market conditions.
* See whether this program will probably be managed internally or outsourced with an agency.
* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When deciding on a company incentive local travel agent, make sure it agrees to fulfill what exactly is promised on your budgeted cost, and that you understand its cancellation policies.
* At the conclusion of your program, survey winners and non-winners to ascertain if the program was successful in meeting the aim.
Corporate Travel over a Smaller Budget
In case you cannot afford to whisk your top performers away to Europe on a private jet, you could still reward the workers with incentive travel they can enjoy.
If you’re able to afford to send your team away on a teambuilding retreat, it doesn’t should be a long way away. Campsites and resorts, a day on the chartered boat can make a memorable experience. For folks, it’s a better idea for you your recipient somewhere exotic enough to be memorable. If at all possible, allowing a spouse or children to accompany your employee is a good option.
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