Corporate incentive travel is a superb method to motivate and reward your valuable employees. Incentive travel could be group or individual, and also the destination can be local or international. But every successful incentive travel program begins with careful planning.
Are mainly guidelines 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 the incentive program should accomplish. This can be more sales, rise in production output or profits, or even a reduction in defective products, sales returns or lost contracts. Make sure to assign a worth for the improvement or reduction – a share, absolute amount of units or contracts, or even a amount.
* Choose the target group to 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 self-help guide to go with preferences with available packages in your budget range.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Be sure you have a performance tracking system set up which has a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist on the success in the incentive travel agents. This might be current employee morale, organizational structure or market conditions.
* See whether the program is going to 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 needed.
* When picking a corporate incentive local travel agency, make sure it agrees in order to meet what’s promised on your budgeted cost, so you understand its cancellation policies.
* Following your program, survey winners and non-winners to determine perhaps the program was successful in meeting the goal.
Corporate Travel on the Smaller Budget
In case you can’t afford to whisk your top performers away to Europe with a private jet, you may still reward the employees with incentive travel that they can enjoy.
If you can manage to send your team away over a teambuilding retreat, it won’t should be far. Campsites and resorts, obviously any good day on a chartered boat can make a memorable experience. For people, it is a better idea for you your recipient somewhere exotic enough to become memorable. When possible, allowing a spouse or children to accompany your employee can be another good plan.
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