Corporate incentive travel is a superb approach to motivate and reward your valuable employees. Incentive travel can be group or individual, and the destination could be local or international. But every successful incentive travel program commences with meticulous planning.
Are mainly tips to help you plan a corporate travel program that 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 may be a rise in sales, increase in production output or profits, or a lowering of defective products, sales returns or lost contracts. Be sure you assign a worth for the improvement or reduction – a share, absolute amount of units or contracts, or a dollar figure.
* Find the target group to the program. This might be management, employees, salespeople, and even customers.
* Discover 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 inside your budget range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to have a very performance tracking system available using a clear way to measure incentive program results.
* Brainstorm what obstacles may exist towards the success from the incentive travel agency. This could be current employee morale, organizational structure or market conditions.
* See whether this system will be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms may be required.
* When deciding on a company incentive travel company, make sure it agrees to meet what exactly is promised on your budgeted cost, and that you understand its cancellation policies.
* Following your program, survey winners and non-winners to discover whether the program was successful in meeting the objective.
Corporate Travel over a Smaller Budget
Even though you can not afford to whisk your top performers off to Europe on a private jet, you may still reward the workers with incentive travel that they can enjoy.
If you’re able to afford to send your team away with a teambuilding retreat, it does not have to be distant. Campsites and resorts, even a day on a chartered boat can make a memorable experience. For those, it’s really a better idea to deliver your recipient somewhere exotic enough to be memorable. If possible, allowing a spouse or children to accompany your employee can be another wise decision.
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