Corporate incentive travel is a superb way to motivate and reward your valuable employees. Incentive travel may be group or individual, as well as the destination may be local or international. But every successful incentive travel program starts with careful planning.
Listed below are good ideas , 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 are the incentive program should accomplish. This could be an increase in sales, increase in production output or profits, or possibly a decrease in defective products, sales returns or lost contracts. Make sure you assign a price for the improvement or reduction – a share, absolute number of units or contracts, or perhaps a dollar figure.
* Select the target group to the program. This can be management, employees, salespeople, or even customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide go with preferences with available packages inside your price range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Be sure to have a performance tracking system set up with a clear strategy to measure incentive program results.
* Brainstorm what obstacles may exist on the success in the incentive travel agency. This could be current employee morale, organizational structure or market conditions.
* Evaluate if the program will probably 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 needed.
* When deciding on a business incentive travel company, make certain it agrees to meet what is promised for the budgeted cost, so you understand its cancellation policies.
* After your program, survey winners and non-winners to find out whether the program was successful in meeting the objective.
Corporate Travel over a Smaller Budget
In case you can not afford to whisk your top performers away to Europe on a private jet, you could still reward your employees with incentive travel that they can enjoy.
If you can manage to send your team away over a teambuilding retreat, this doesn’t happen must be far. Campsites and resorts, even a day on a chartered boat can create a memorable experience. For those, it is a better idea to send your recipient somewhere exotic enough to be memorable. If possible, allowing a spouse or children to accompany your employee is also a good idea.
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