Corporate incentive travel is a great method to motivate and reward your valuable employees. Incentive travel may be group or individual, and also the destination may be local or international. But every successful incentive travel program starts with careful planning.
The following are good ideas , plan a corporate travel program that suits your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish just what the incentive program should accomplish. This could be an increase in sales, increase in production output or profits, or a lowering of defective products, sales returns or lost contracts. Be sure you assign a worth to the improvement or reduction – a part, absolute quantity of units or contracts, or even a dollar figure.
* Find the target group for the program. This can be management, employees, salespeople, or perhaps 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 with your cost range.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Be sure you possess a performance tracking system available having a clear method to measure incentive program results.
* Brainstorm what obstacles may exist for the success in the travel incentive company. This might be current employee morale, organizational structure or market conditions.
* Determine whether this program will be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms may be required.
* When picking a corporate incentive travel company, be sure it agrees to fulfill precisely what is promised for your budgeted cost, and you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to find out whether the program was successful in meeting the objective.
Corporate Travel with a Smaller Budget
Although you may do not want to whisk your top performers off to Europe on the private jet, you may still reward your workers with incentive travel that they may enjoy.
If you’re able to manage to send your team away on the teambuilding retreat, this doesn’t happen have to be far. Campsites and resorts, a good day on a chartered boat can create a memorable experience. For individuals, it’s a better idea to deliver your recipient somewhere exotic enough to get memorable. If at all possible, allowing a spouse or children to accompany your employee is a good option.
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