Corporate incentive travel is a superb approach to motivate and reward your valuable employees. Incentive travel may be group or individual, and the destination can be local or international. But every successful incentive travel program commences with meticulous planning.
The following are ideas to help you plan a corporate 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 might be more sales, surge in production output or profits, or a decline in defective products, sales returns or lost contracts. Be sure you assign something towards the improvement or reduction – a percentage, absolute amount of units or contracts, or a amount.
* Pick the target group for that program. This can 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 match up preferences with available packages with your price range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Ensure you use a performance tracking system in place with a clear method to measure incentive program results.
* Brainstorm what obstacles may exist to the success of the individual incentive. This may be current employee morale, organizational structure or market conditions.
* See whether the program will probably be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms may be needed.
* When selecting a corporate incentive local travel agent, ensure it agrees to fulfill what exactly is promised for the budgeted cost, and you understand its cancellation policies.
* After your program, survey winners and non-winners to ascertain perhaps the program was successful in meeting the objective.
Corporate Travel with a Smaller Budget
In case you can’t afford to whisk your top performers away to Europe on a private jet, you may still reward the employees with incentive travel that they’ll enjoy.
If you can find a way to send your team away on the teambuilding retreat, it does not need to be far away. Campsites and resorts, a good day over a chartered boat can make a memorable experience. For folks, it’s actually a better idea to deliver your recipient somewhere exotic enough to become memorable. If at all possible, allowing a spouse or children to accompany your employee can be another good plan.
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