Corporate incentive travel is a superb method to motivate and reward your valuable employees. Incentive travel may be group or individual, as well as the destination could be local or international. But every successful incentive travel program starts off with meticulous planning.
Listed below are guidelines to help you plan a corporate travel program that fits 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 may be a rise in sales, surge in production output or profits, or possibly a decline in defective products, sales returns or lost contracts. Be sure to assign a price to the improvement or reduction – a portion, absolute quantity of units or contracts, or perhaps a dollar figure.
* Choose the target group for that program. This may be management, employees, salespeople, as well as 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 match preferences with available packages within your cost range.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Be sure to have a very performance tracking system in position using a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist to the success in the travel incentive. This can be current employee morale, organizational structure or market conditions.
* See whether this software will probably 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 may be required.
* When selecting a company incentive local travel agent, ensure it agrees to fulfill precisely what 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 if the program was successful in meeting the aim.
Corporate Travel on a Smaller Budget
Although you may can not afford to whisk your top performers off to Europe over a private jet, you may still reward the workers with incentive travel that they can enjoy.
When you can afford to send your team away on the teambuilding retreat, this doesn’t happen have to be far. Campsites and resorts, even a day on the chartered boat can certainly produce a memorable experience. For folks, it’s really a better idea to deliver your recipient somewhere exotic enough to be memorable. If possible, allowing a spouse or children to accompany your employee is a good idea.
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