Corporate incentive travel is a good strategy to motivate and reward your valuable employees. Incentive travel might be group or individual, along with the destination might be local or international. But every successful incentive travel program starts with careful planning.

The following are tips 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 exactly what the incentive program should accomplish. This can be a rise in sales, surge in production output or profits, or a reduction in defective products, sales returns or lost contracts. Be sure to assign something on the improvement or reduction – a part, absolute variety of units or contracts, or a dollar figure.

* Pick the target group to 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 help guide to complement preferences with available packages in your budget range.

* Considering past performance and employee behavior, establish reasonable tasks for the target group.

* Be sure to possess a performance tracking system set up using a clear approach to measure incentive program results.

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

* Determine whether this software will probably be managed internally or outsourced with an agency.

* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms may be needed.

* When choosing a corporate incentive travel company, be sure it agrees in order to meet what’s promised on your budgeted cost, so you understand its cancellation policies.

* At the end of your program, survey winners and non-winners to ascertain whether the program was successful in meeting the target.

Corporate Travel with a Smaller Budget

In case you cannot afford to whisk your top performers away to Europe on the private jet, you could still reward the workers with incentive travel they can enjoy.

When you can find a way to send your team away over a teambuilding retreat, it doesn’t must be distant. Campsites and resorts, a day on a chartered boat can create a memorable experience. For those, it is a better idea to transmit 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 plan.
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