Corporate incentive travel is an excellent method to motivate and reward your valuable employees. Incentive travel can be group or individual, and the destination may be local or international. But every successful incentive travel program starts with meticulous planning.
The following are good ideas , plan a corporate travel program which 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 could be an increase in sales, increase in production output or profits, or even a reduction in defective products, sales returns or lost contracts. Be sure you assign something towards the improvement or reduction – a percentage, absolute variety of units or contracts, or perhaps a dollar figure.
* Find the target group for your program. This can be management, employees, salespeople, or even customers.
* Find out what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide match up preferences with available packages with your price range.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Ensure you have a very performance tracking system set up which has a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist to the success with the individual incentive. This may be current employee morale, organizational structure or market conditions.
* Evaluate if the program will probably be managed internally or outsourced with an agency.
* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When deciding on a company incentive local travel agent, make certain it agrees to meet precisely what is promised on your budgeted cost, so you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to ascertain whether the program was successful in meeting the target.
Corporate Travel over a Smaller Budget
In case you cannot afford to whisk your top performers away to Europe with a private jet, you can still reward the workers with incentive travel that they’ll enjoy.
If you can afford to send your team away on a teambuilding retreat, it does not should be a long way away. Campsites and resorts, even a day with a chartered boat can produce a memorable experience. For people, it’s a better idea to send your recipient somewhere exotic enough to get memorable. If possible, allowing a spouse or children to accompany your employee can be another good option.
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