Corporate incentive travel is a great strategy to motivate and reward your valuable employees. Incentive travel may be group or individual, and also the destination could be local or international. But every successful incentive travel program begins with careful planning.
Are mainly ideas to help you plan a corporate travel program which fits 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, increase in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Make sure to assign a price to the improvement or reduction – a share, absolute amount of units or contracts, or a dollar figure.
* Choose the target group for your program. This could be management, employees, salespeople, or even customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to match preferences with available packages with your cost range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Make sure you have a very performance tracking system in position having a clear way to measure incentive program results.
* Brainstorm what obstacles may exist towards the success in the corporate incentive trips. This may be current employee morale, organizational structure or market conditions.
* See whether the program will probably be managed internally or outsourced with 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 company incentive local travel agent, make certain it agrees to meet precisely what is promised to your budgeted cost, so that you understand its cancellation policies.
* Following your program, survey winners and non-winners to find out whether the program was successful in meeting the target.
Corporate Travel on a Smaller Budget
Even if you do not want to whisk your top performers away to Europe with a private jet, you could still reward your employees with incentive travel that they’ll enjoy.
If you possibly could afford to send your team away on the teambuilding retreat, it won’t need to be far. Campsites and resorts, even a day with a chartered boat can certainly produce a memorable experience. For individuals, it’s actually a better idea to send your recipient somewhere exotic enough being memorable. When possible, allowing a spouse or children to accompany your employee can be another good idea.
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