Corporate incentive travel is an excellent strategy to motivate and reward your valuable employees. Incentive travel can be group or individual, along with the destination could be local or international. But every successful incentive travel program starts off with careful planning.
Are mainly ideas 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 what the incentive program should accomplish. This can be a rise in sales, surge in production output or profits, or a lowering of defective products, sales returns or lost contracts. Be sure you assign something towards the improvement or reduction – a portion, absolute amount of units or contracts, or possibly a amount.
* Select the target group for the program. This may 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 preferences with available packages in your cost range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Make sure you possess a performance tracking system set up having a clear method to measure incentive program results.
* Brainstorm what obstacles may exist for the success from the incentive travel agent. This may be current employee morale, organizational structure or market conditions.
* Evaluate if the program will be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel might be taxable to recipients under certain conditions, and special tax forms may be needed.
* When choosing a company incentive travel company, make sure it agrees to meet precisely what is promised for the budgeted cost, and that you understand its cancellation policies.
* After your program, survey winners and non-winners to ascertain whether or not the program was successful in meeting the goal.
Corporate Travel with a Smaller Budget
Even though you cannot afford to whisk your top performers off to Europe over a private jet, you’ll probably still reward the employees with incentive travel that they’ll enjoy.
When you can manage to send your team away on the teambuilding retreat, this doesn’t happen have to be far. Campsites and resorts, even a day on the chartered boat can certainly produce a memorable experience. For those, it’s actually a better idea for you your recipient somewhere exotic enough to become memorable. If possible, allowing a spouse or children to accompany your employee can be another good plan.
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