Corporate incentive travel is a superb way to motivate and reward your valuable employees. Incentive travel might be group or individual, and also the destination could be local or international. But every successful incentive travel program starts with careful planning.
The following are ideas to help you plan a business travel program that matches your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish exactly what the incentive program should accomplish. This may be more sales, boost in production output or profits, or even a reduction in defective products, sales returns or lost contracts. Make sure to assign something to the improvement or reduction – a percentage, absolute amount of units or contracts, or possibly a dollar figure.
* Pick the target group for that program. This could be management, employees, salespeople, as well as customers.
* Find 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 within your price range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Ensure you possess a performance tracking system set up which has a clear method to measure incentive program results.
* Brainstorm what obstacles may exist to the success from the incentive travel agents. This can be current employee morale, organizational structure or market conditions.
* Decide if this system will probably be managed internally or outsourced with an agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When deciding on a business incentive local travel agency, be sure it agrees to satisfy what’s promised for your budgeted cost, and that you understand its cancellation policies.
* After your program, survey winners and non-winners to determine whether the program was successful in meeting the goal.
Corporate Travel on the Smaller Budget
In case you can’t afford to whisk your top performers off to Europe with a private jet, you can still reward the employees with incentive travel that they can enjoy.
If you possibly could manage to send your team away with a teambuilding retreat, it doesn’t should be distant. Campsites and resorts, obviously any good day on a chartered boat can produce a memorable experience. For individuals, it’s really a better idea to transmit your recipient somewhere exotic enough to be memorable. When possible, allowing a spouse or children to accompany your employee can be another good idea.
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