Corporate incentive travel is a superb way to motivate and reward your valuable employees. Incentive travel can be group or individual, as well as the destination could be local or international. But every successful incentive travel program starts with careful planning.
Listed below are tips to help you 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 exactly what the incentive program should accomplish. This can be an increase in sales, increase in production output or profits, or a decline in defective products, sales returns or lost contracts. Be sure you assign a value on the improvement or reduction – a part, absolute quantity of units or contracts, or a amount.
* Select the target group for the program. This can be management, employees, salespeople, or even customers.
* Uncover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives guide to complement preferences with available packages inside your budget.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Ensure you use a performance tracking system set up using a clear method to measure incentive program results.
* Brainstorm what obstacles may exist to the success of the incentive travel company. This might be current employee morale, organizational structure or market conditions.
* Evaluate if this system will probably be managed internally or outsourced for an agency.
* Understand applicable tax implications. Travel might be taxable to recipients under certain conditions, and special tax forms may be required.
* When picking a corporate incentive local travel agent, make certain it agrees to satisfy 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 find out whether the program was successful in meeting the target.
Corporate Travel with a Smaller Budget
Even if you can’t afford to whisk your top performers off to Europe over a private jet, you can still reward the workers with incentive travel they can enjoy.
When you can afford to send your team away over a teambuilding retreat, this doesn’t happen should be distant. Campsites and resorts, even a day on the chartered boat can create a memorable experience. For people, it’s really a better idea to deliver your recipient somewhere exotic enough to become memorable. When possible, allowing a spouse or children to accompany your employee is another wise decision.
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