Corporate incentive travel is an excellent strategy to motivate and reward your valuable employees. Incentive travel can be group or individual, and also the destination may be local or international. But every successful incentive travel program commences with careful planning.
The following are guidelines 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 exactly what the incentive program should accomplish. This can be a boost in sales, surge in production output or profits, or a decrease in defective products, sales returns or lost contracts. Make sure to assign something towards the improvement or reduction – a part, absolute variety of units or contracts, or perhaps a amount.
* Select the target group for that program. This might 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 self-help guide to complement preferences with available packages inside your price range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to have a performance tracking system in position which has a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist on the success in the incentive travel agency. This might be current employee morale, organizational structure or market conditions.
* See whether this system will be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel might be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When selecting a company incentive local travel agency, be sure it agrees to fulfill what is promised to your budgeted cost, so you understand its cancellation policies.
* After your program, survey winners and non-winners to ascertain perhaps the program was successful in meeting the goal.
Corporate Travel on the Smaller Budget
In case you do not want to whisk your top performers off to Europe over a private jet, you’ll probably still reward your workers with incentive travel they can enjoy.
If you possibly could manage to send your team away with a teambuilding retreat, it does not must be a long way away. Campsites and resorts, obviously any good day with a chartered boat can produce a memorable experience. For folks, it’s a better idea to send your recipient somewhere exotic enough to get memorable. If possible, allowing a spouse or children to accompany your employee is a good idea.
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