Corporate incentive travel is a good method to motivate and reward your valuable employees. Incentive travel could be group or individual, and the destination can be local or international. But every successful incentive travel program commences with meticulous planning.
Listed below are guidelines 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 what are the incentive program should accomplish. This could be a boost in sales, increase in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Make sure to assign something towards the improvement or reduction – a percentage, absolute amount of units or contracts, or even a amount.
* Find the target group to the program. This can be management, employees, salespeople, or perhaps customers.
* Uncover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to go with preferences with available packages within your price range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to have a performance tracking system set up with a clear method to measure incentive program results.
* Brainstorm what obstacles may exist to the success with the incentive travel agency. This can be current employee morale, organizational structure or market conditions.
* Determine whether this program will likely be managed internally or outsourced for an agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When picking a corporate incentive local travel agent, ensure it agrees to satisfy what’s promised to your budgeted cost, and you understand its cancellation policies.
* At the conclusion of your program, survey winners and non-winners to discover whether or not the program was successful in meeting the goal.
Corporate Travel with a Smaller Budget
Although you may do not want to whisk your top performers away to Europe on a private jet, you’ll probably still reward the workers with incentive travel that they can enjoy.
When you can manage to send your team away with a teambuilding retreat, it does not must be distant. Campsites and resorts, obviously any good day over a chartered boat can make a memorable experience. For individuals, it’s actually a better idea to transmit your recipient somewhere exotic enough to be memorable. If at all possible, allowing a spouse or children to accompany your employee is also a good option.
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