Corporate incentive travel is a superb approach to motivate and reward your valuable employees. Incentive travel might be group or individual, as well as the destination could be local or international. But every successful incentive travel program begins with careful planning.

The following are tips to help you plan a company travel program that 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 can be more sales, increase in production output or profits, or perhaps a lowering of defective products, sales returns or lost contracts. Make sure you assign something for the improvement or reduction – a portion, absolute amount of units or contracts, or a dollar figure.

* Choose the target group for the program. This could 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 self-help guide to match preferences with available packages inside your budget range.

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

* Be sure to have a very performance tracking system in position using a clear approach to measure incentive program results.

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

* Determine whether this software is going to 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 necessary.

* When choosing a corporate incentive travel company, be sure it agrees to fulfill what exactly is promised on your budgeted cost, and you understand its cancellation policies.

* Following your program, survey winners and non-winners to determine if the program was successful in meeting the objective.

Corporate Travel over a Smaller Budget

Although you may do not want to whisk your top performers off to Europe on the private jet, you can still reward your employees with incentive travel that they can enjoy.

If you can find the money to send your team away on a teambuilding retreat, it does not should be distant. Campsites and resorts, even a day with a chartered boat can create a memorable experience. For people, it’s actually a better idea for you your recipient somewhere exotic enough to get memorable. When possible, allowing a spouse or children to accompany your employee is another wise decision.
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