Corporate incentive travel is a great way to motivate and reward your valuable employees. Incentive travel may be group or individual, along with the destination may be local or international. But every successful incentive travel program commences with careful planning.

Listed here 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 what the incentive program should accomplish. This might be a boost in sales, boost in production output or profits, or perhaps a decline in defective products, sales returns or lost contracts. Make sure you assign a price on the improvement or reduction – a portion, absolute amount of units or contracts, or possibly a amount.

* Pick the target group for that program. This might be management, employees, salespeople, or even customers.

* Find out what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide to go with preferences with available packages within your cost range.

* Considering past performance and employee behavior, establish reasonable tasks on your target group.

* Be sure you use a performance tracking system in place having a clear approach to measure incentive program results.

* Brainstorm what obstacles may exist towards the success in the incentive travel agency. This can be current employee morale, organizational structure or market conditions.

* Evaluate if the program is going to 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 may be required.

* When choosing a company incentive local travel agent, ensure it agrees in order to meet what is promised on your budgeted cost, and that you understand its cancellation policies.

* At the conclusion of your program, survey winners and non-winners to find out whether or not the program was successful in meeting the goal.

Corporate Travel on a Smaller Budget

In case you can’t afford to whisk your top performers off to Europe with a private jet, you’ll probably still reward the employees with incentive travel that they may enjoy.

If you’re able to manage to send your team away with a teambuilding retreat, it won’t should be far away. Campsites and resorts, obviously any good day with a chartered boat can create a memorable experience. For those, it’s a better idea to send your recipient somewhere exotic enough to become memorable. If at all possible, allowing a spouse or children to accompany your employee can be another wise decision.
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