Corporate incentive travel is an excellent approach to motivate and reward your valuable employees. Incentive travel could be group or individual, along with the destination can be local or international. But every successful incentive travel program begins with careful planning.
Listed below are tips to help you plan a company travel program that matches your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish what are the incentive program should accomplish. This may be an increase in sales, rise in production output or profits, or a decrease in defective products, sales returns or lost contracts. Be sure you assign a value to the improvement or reduction – a part, absolute number of units or contracts, or a amount.
* Find the target group to the program. This could be management, employees, salespeople, or perhaps customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide match preferences with available packages with your price range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Be sure you have a very performance tracking system in place having a clear way to measure incentive program results.
* Brainstorm what obstacles may exist towards the success with the individual incentive. This may be current employee morale, organizational structure or market conditions.
* See whether this system will probably be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms may be required.
* When picking a corporate incentive local travel agent, ensure it agrees in order to meet what’s promised for the budgeted cost, and you understand its cancellation policies.
* At the conclusion of your program, survey winners and non-winners to determine perhaps the program was successful in meeting the aim.
Corporate Travel with a Smaller Budget
Even though you cannot afford to whisk your top performers away to Europe on a private jet, you can still reward your workers with incentive travel they can enjoy.
If you can afford to send your team away over a teambuilding retreat, it won’t need to be a long way away. Campsites and resorts, a good day over a chartered boat can produce a memorable experience. For individuals, it is a better idea to deliver your recipient somewhere exotic enough to get memorable. When possible, allowing a spouse or children to accompany your employee is also a good idea.
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