Corporate incentive travel is a great way to motivate and reward your valuable employees. Incentive travel might be group or individual, and also the destination might be local or international. But every successful incentive travel program begins with careful planning.
Are mainly tips to help you plan a company travel program that matches your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish what the incentive program should accomplish. This might be a boost in sales, increase in production output or profits, or even a reduction in defective products, sales returns or lost contracts. Make sure to assign a price on the improvement or reduction – a share, absolute quantity of units or contracts, or even a amount.
* Pick the target group for your program. This might be management, employees, salespeople, or perhaps customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide match up preferences with available packages in your budget.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Be sure to possess a performance tracking system in position with a clear method to measure incentive program results.
* Brainstorm what obstacles may exist on the success of the corporate and incentive travel. This might be current employee morale, organizational structure or market conditions.
* Evaluate if the program will 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 required.
* When deciding on a business incentive local travel agent, be sure it agrees to meet what exactly is promised for the budgeted cost, and you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to find out whether or not the program was successful in meeting the aim.
Corporate Travel on a Smaller Budget
Even if you can not afford to whisk your top performers away to Europe on a private jet, you could still reward the workers with incentive travel they can enjoy.
If you’re able to afford to send your team away on a teambuilding retreat, this doesn’t happen should be far. Campsites and resorts, even a day with a chartered boat can create a memorable experience. For folks, it’s really a better idea to deliver your recipient somewhere exotic enough being memorable. When possible, allowing a spouse or children to accompany your employee is also a wise decision.
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