Corporate incentive travel is a great strategy to motivate and reward your valuable employees. Incentive travel could be group or individual, along with the destination may be local or international. But every successful incentive travel program starts off with careful planning.
Are mainly guidelines 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 just what the incentive program should accomplish. This can be a boost in sales, rise in production output or profits, or even a reduction in defective products, sales returns or lost contracts. Be sure you assign a price towards the improvement or reduction – a part, absolute amount of units or contracts, or perhaps a amount.
* Select the target group for that program. This might be management, employees, salespeople, and even customers.
* Find 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 with your budget.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Be sure you have a performance tracking system available using a clear strategy 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.
* See whether this system will likely be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When picking a corporate incentive local travel agent, make certain it agrees to satisfy precisely what is promised on your budgeted cost, and that you understand its cancellation policies.
* After your program, survey winners and non-winners to find out perhaps the program was successful in meeting the target.
Corporate Travel on a Smaller Budget
Even though you cannot afford to whisk your top performers away to Europe with a private jet, you can still reward the employees with incentive travel that they can enjoy.
When you can manage to send your team away with a teambuilding retreat, it won’t should be far. Campsites and resorts, even a day over a chartered boat can produce a memorable experience. For people, it is a better idea for you your recipient somewhere exotic enough to become memorable. If possible, allowing a spouse or children to accompany your employee is another wise decision.
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