Corporate incentive travel is a great strategy to motivate and reward your valuable employees. Incentive travel may be group or individual, as well as the destination can be local or international. But every successful incentive travel program starts with meticulous planning.
The following are good ideas , plan a corporate 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 might be a boost in sales, boost in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Make sure you assign a worth for the improvement or reduction – a percentage, absolute amount of units or contracts, or even a amount.
* Select the target group for your program. This could be management, employees, salespeople, as well as customers.
* Find out 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 budget range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Be sure you possess a performance tracking system in place which has a clear strategy to measure incentive program results.
* Brainstorm what obstacles may exist on the success from the travel incentive companies. This might be current employee morale, organizational structure or market conditions.
* See whether this program is going to be managed internally or outsourced with an agency.
* Understand applicable tax implications. Travel might be taxable to recipients under certain conditions, and special tax forms may be required.
* When choosing a business incentive travel company, ensure it agrees to fulfill precisely what is promised on your budgeted cost, so you understand its cancellation policies.
* Following your program, survey winners and non-winners to ascertain whether or not the program was successful in meeting the aim.
Corporate Travel over a Smaller Budget
Even though you can not afford to whisk your top performers away to Europe on a private jet, you can still reward the employees with incentive travel that they can enjoy.
If you’re able to manage to send your team away over a teambuilding retreat, it won’t have to be a long way away. Campsites and resorts, a day with a chartered boat can make a memorable experience. For those, it is a better idea to transmit your recipient somewhere exotic enough to get memorable. If at all possible, allowing a spouse or children to accompany your employee is also a good plan.
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