Corporate incentive travel is an excellent way to motivate and reward your valuable employees. Incentive travel might be group or individual, as well as the destination may be local or international. But every successful incentive travel program begins with meticulous planning.
Listed here 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 what are the incentive program should accomplish. This could be a rise in sales, increase in production output or profits, or possibly 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 possibly a dollar figure.
* Pick the target group for the program. This may be management, employees, salespeople, and even customers.
* Uncover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives guide to go with preferences with available packages within your budget.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Be sure to use a performance tracking system in position with a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist for the success in the individual incentive. This may be current employee morale, organizational structure or market conditions.
* Determine whether this system will be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When selecting a company incentive local travel agency, ensure it agrees to fulfill what exactly is promised for your budgeted cost, so you understand its cancellation policies.
* Following your program, survey winners and non-winners to discover whether the program was successful in meeting the aim.
Corporate Travel with a Smaller Budget
Even if you can not afford to whisk your top performers off to Europe over a private jet, you’ll probably still reward the workers with incentive travel that they’ll enjoy.
When you can manage to send your team away on a teambuilding retreat, this doesn’t happen need to be a long way away. Campsites and resorts, even a day on the chartered boat can create a memorable experience. For individuals, it’s actually a better idea for you your recipient somewhere exotic enough being memorable. If possible, allowing a spouse or children to accompany your employee is also a good idea.
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