Corporate incentive travel is a great approach to motivate and reward your valuable employees. Incentive travel can be group or individual, and also the destination could be local or international. But every successful incentive travel program starts off with careful planning.
Are mainly ideas to help you plan a company travel program which fits 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 may be a rise in sales, increase in production output or profits, or perhaps a lowering of defective products, sales returns or lost contracts. Make sure you assign a worth for the improvement or reduction – a part, absolute quantity of units or contracts, or even a dollar figure.
* Choose the target group for that program. This could be management, employees, salespeople, and even customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide to go with preferences with available packages within your cost range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to have a very performance tracking system in position using a clear way to measure incentive program results.
* Brainstorm what obstacles may exist towards the success with the incentive traveller. This could be current employee morale, organizational structure or market conditions.
* See whether this program will likely 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 company incentive travel company, make certain it agrees to satisfy what’s promised for the budgeted cost, and you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to find out if the program was successful in meeting the aim.
Corporate Travel on a Smaller Budget
Even if you can not afford to whisk your top performers away to Europe on the private jet, you may still reward the workers with incentive travel that they can enjoy.
If you can find the money to send your team away on the teambuilding retreat, it doesn’t have to be distant. Campsites and resorts, a day on the chartered boat can certainly produce a memorable experience. For those, it is a better idea for you your recipient somewhere exotic enough to be memorable. If at all possible, allowing a spouse or children to accompany your employee can be another good option.
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