Corporate incentive travel is a superb strategy to motivate and reward your valuable employees. Incentive travel might be group or individual, and also the destination could be local or international. But every successful incentive travel program starts with meticulous planning.
The following are ideas to help you plan a business travel program that matches your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish just what the incentive program should accomplish. This can be a boost in sales, boost in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Be sure you assign a worth for the improvement or reduction – a portion, absolute variety of units or contracts, or possibly a amount.
* Find the target group for that program. This could be management, employees, salespeople, as well as customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide to complement preferences with available packages in your cost range.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Make sure you possess a performance tracking system available which has a clear method to measure incentive program results.
* Brainstorm what obstacles may exist for the success with the incentive travel companies. This might be current employee morale, organizational structure or market conditions.
* Decide if this system will probably be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When selecting a business incentive local travel agent, be sure it agrees in order to meet what’s promised on your budgeted cost, so that you understand its cancellation policies.
* At the conclusion of your program, survey winners and non-winners to determine whether or not the program was successful in meeting the goal.
Corporate Travel on a Smaller Budget
Even if you can not afford to whisk your top performers away to Europe over a private jet, you’ll probably still reward the workers with incentive travel that they can enjoy.
If you’re able to manage to send your team away over a teambuilding retreat, it doesn’t should be a long way away. Campsites and resorts, a day on the chartered boat can certainly produce a memorable experience. For individuals, it’s really a better idea to send your recipient somewhere exotic enough to become memorable. If at all possible, allowing a spouse or children to accompany your employee is another good option.
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