Corporate incentive travel is an excellent 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 begins with careful planning.
Are mainly ideas to help you plan a business 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 can be a boost in sales, increase in production output or profits, or possibly a reduction in defective products, sales returns or lost contracts. Make sure you assign something towards the improvement or reduction – a share, absolute number of units or contracts, or a dollar figure.
* Pick the target group to the program. This might be management, employees, salespeople, and even customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives guide to match preferences with available packages with your budget range.
* Considering past performance and employee behavior, establish reasonable tasks for the target group.
* Be sure to have a performance tracking system in place having a clear way to measure incentive program results.
* Brainstorm what obstacles may exist for the success of the corporate incentive travel. This could be current employee morale, organizational structure or market conditions.
* See whether the program will be managed internally or outsourced for an agency.
* Understand applicable tax implications. Travel might be taxable to recipients under certain conditions, and special tax forms may be required.
* When selecting a company incentive travel company, make sure it agrees to fulfill what’s promised for the budgeted cost, and you understand its cancellation policies.
* At the conclusion of your program, survey winners and non-winners to find out whether or not the program was successful in meeting the target.
Corporate Travel with a Smaller Budget
Even though you can’t afford to whisk your top performers away to Europe with a private jet, you may still reward your workers with incentive travel that they can enjoy.
When you can find the money to send your team away on the teambuilding retreat, this doesn’t happen need to be far away. Campsites and resorts, a good day on a chartered boat can certainly produce a memorable experience. For those, it’s really a better idea to send your recipient somewhere exotic enough to get memorable. Whenever possible, allowing a spouse or children to accompany your employee is also a good idea.
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