Corporate incentive travel is an excellent approach to motivate and reward your valuable employees. Incentive travel may be group or individual, along with the destination could be local or international. But every successful incentive travel program begins with meticulous planning.
Are mainly tips to help you plan a company 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 might be a rise in sales, increase in production output or profits, or perhaps a reduction in defective products, sales returns or lost contracts. Make sure you assign something to the improvement or reduction – a percentage, absolute quantity of units or contracts, or even a amount.
* Find the target group for the program. This could 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 help guide match preferences with available packages inside your cost range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Make sure you have a performance tracking system in place having a clear strategy to measure incentive program results.
* Brainstorm what obstacles may exist for the success of the incentive travel agent. This may be current employee morale, organizational structure or market conditions.
* See whether this program will probably 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 are usually necessary.
* When choosing a company incentive local travel agent, make certain it agrees to meet what is promised for your budgeted cost, and you understand its cancellation policies.
* At the conclusion of your program, survey winners and non-winners to discover whether or not the program was successful in meeting the aim.
Corporate Travel over a Smaller Budget
Even if you cannot afford to whisk your top performers off to Europe with a private jet, you may still reward your employees with incentive travel that they can enjoy.
If you can find the money to send your team away over a teambuilding retreat, it won’t have to be far. Campsites and resorts, obviously any good day on a chartered boat can create a memorable experience. For people, it’s really a better idea for you your recipient somewhere exotic enough to become memorable. When possible, allowing a spouse or children to accompany your employee is a good idea.
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