Corporate incentive travel is a good strategy to motivate and reward your valuable employees. Incentive travel may be group or individual, and also the destination might be local or international. But every successful incentive travel program starts off with meticulous planning.

Are mainly ideas 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 what the incentive program should accomplish. This might be more sales, boost in production output or profits, or possibly a decrease in defective products, sales returns or lost contracts. Make sure you assign a price for the improvement or reduction – a share, absolute number of units or contracts, or even a dollar figure.

* Select the target group for that program. This can be management, employees, salespeople, or perhaps customers.

* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to go with preferences with available packages within your cost range.

* Considering past performance and employee behavior, establish reasonable tasks for the target group.

* Be sure you have a very performance tracking system set up which has a clear strategy to measure incentive program results.

* Brainstorm what obstacles may exist for the success of the travel incentive companies. This could be current employee morale, organizational structure or market conditions.

* Determine whether this program will probably be managed internally or outsourced for an agency.

* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms may be required.

* When deciding on a business incentive local travel agent, ensure it agrees to fulfill what exactly is promised on your budgeted cost, and that you understand its cancellation policies.

* Following your program, survey winners and non-winners to determine whether or not the program was successful in meeting the aim.

Corporate Travel with a Smaller Budget

In case you can’t afford to whisk your top performers away to Europe over a private jet, you can still reward the workers with incentive travel they can enjoy.

If you can find a way to send your team away over a teambuilding retreat, it doesn’t need to be distant. Campsites and resorts, a day over a chartered boat can create a memorable experience. For folks, it’s actually a better idea to deliver your recipient somewhere exotic enough to become memorable. If possible, allowing a spouse or children to accompany your employee can be another wise decision.
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