Corporate incentive travel is a great method 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 starts with careful planning.
Listed below are tips to help you plan a company travel program that suits 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 could be an increase in sales, rise in production output or profits, or perhaps a lowering of defective products, sales returns or lost contracts. Make sure to assign a value for the improvement or reduction – a part, absolute quantity of units or contracts, or even a dollar figure.
* Pick the target group for the program. This might be management, employees, salespeople, and even customers.
* Uncover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to match up preferences with available packages inside your budget.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Be sure to have a very performance tracking system in place which has a clear strategy to measure incentive program results.
* Brainstorm what obstacles may exist on the success from the incentive traveller. This might be current employee morale, organizational structure or market conditions.
* See whether this system will be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms may be required.
* When picking a business incentive local travel agent, ensure it agrees to satisfy what is promised for your budgeted cost, so you understand its cancellation policies.
* After your program, survey winners and non-winners to determine perhaps the program was successful in meeting the aim.
Corporate Travel with a Smaller Budget
Although you may do not want to whisk your top performers away to Europe over a private jet, you can still reward your employees with incentive travel they can enjoy.
If you can find the money to send your team away on the teambuilding retreat, it doesn’t need to be far. Campsites and resorts, a day on a chartered boat can create a memorable experience. For people, it’s 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 idea.
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