Corporate incentive travel is a good method to motivate and reward your valuable employees. Incentive travel may be group or individual, and the destination could be local or international. But every successful incentive travel program starts off with meticulous planning.
Listed below are guidelines to help you plan a corporate travel program that 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 can 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 for the improvement or reduction – a percentage, absolute amount of units or contracts, or even a amount.
* Find the target group to the program. This may be management, employees, salespeople, or even customers.
* Find 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 the target group.
* Be sure to have a very performance tracking system set up with a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist for the success in the incentive traveller. This could be current employee morale, organizational structure or market conditions.
* Determine whether the program 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 needed.
* When selecting a corporate incentive travel company, ensure it agrees to satisfy what’s promised on your budgeted cost, so you understand its cancellation policies.
* Following your program, survey winners and non-winners to ascertain whether or not the program was successful in meeting the goal.
Corporate Travel over a Smaller Budget
Even though you can’t afford to whisk your top performers away to Europe on a private jet, you may still reward your employees with incentive travel that they’ll enjoy.
When you can afford to send your team away on the teambuilding retreat, it won’t should be far. Campsites and resorts, obviously any good day over a chartered boat can make a memorable experience. For people, it is a better idea to deliver your recipient somewhere exotic enough being memorable. If possible, allowing a spouse or children to accompany your employee is a good plan.
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