Corporate incentive travel is an excellent method to motivate and reward your valuable employees. Incentive travel could be group or individual, and the destination can be local or international. But every successful incentive travel program commences with careful planning.
Listed below 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 could be a rise in sales, rise in production output or profits, or a decrease in defective products, sales returns or lost contracts. Make sure to assign something on the improvement or reduction – a portion, absolute number of units or contracts, or a amount.
* Select the target group for your program. This might be management, employees, salespeople, and 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 go with preferences with available packages within your budget.
* Considering past performance and employee behavior, establish reasonable tasks on your 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 to the success from the travel incentive companies. This may be current employee morale, organizational structure or market conditions.
* Decide if this system will likely be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms may be needed.
* When choosing a corporate incentive local travel agent, be sure it agrees to meet what’s promised for your budgeted cost, so you understand its cancellation policies.
* Following your program, survey winners and non-winners to determine whether or not the program was successful in meeting the aim.
Corporate Travel on the Smaller Budget
Although you may can not afford to whisk your top performers off to Europe on the private jet, you can still reward the employees with incentive travel that they’ll enjoy.
If you’re able to manage to send your team away over a teambuilding retreat, it doesn’t must be far away. Campsites and resorts, a day with a chartered boat can certainly produce a memorable experience. For folks, it’s actually a better idea to transmit your recipient somewhere exotic enough to get memorable. If at all possible, allowing a spouse or children to accompany your employee is also a good plan.
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