Corporate incentive travel is a great method to motivate and reward your valuable employees. Incentive travel might be group or individual, along with the destination could be local or international. But every successful incentive travel program starts with meticulous planning.
Listed below are good ideas , plan a business travel program that suits your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish what are the incentive program should accomplish. This can be more sales, boost in production output or profits, or even a lowering of defective products, sales returns or lost contracts. Be sure you assign something for the improvement or reduction – a portion, absolute variety of units or contracts, or a dollar figure.
* Choose the target group to the program. This can be management, employees, salespeople, or perhaps customers.
* Find 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 inside your budget.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Be sure to have a performance tracking system in position with a clear way to measure incentive program results.
* Brainstorm what obstacles may exist to the success of the incentive traveller. This can be current employee morale, organizational structure or market conditions.
* Decide if 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 necesary.
* When choosing a business incentive travel company, make sure it agrees to meet what exactly is promised to your budgeted cost, and you understand its cancellation policies.
* Following your program, survey winners and non-winners to ascertain whether the program was successful in meeting the goal.
Corporate Travel over a Smaller Budget
In case you cannot afford to whisk your top performers away to Europe with a private jet, you may still reward your employees with incentive travel they can enjoy.
If you’re able to find a way to send your team away over a teambuilding retreat, it does not need to be a long way away. Campsites and resorts, a good day on a chartered boat can make a memorable experience. For individuals, it’s a better idea for you your recipient somewhere exotic enough to get memorable. If at all possible, allowing a spouse or children to accompany your employee is a wise decision.
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