Corporate incentive travel is a great approach to motivate and reward your valuable employees. Incentive travel could be group or individual, and also the destination may be local or international. But every successful incentive travel program commences with careful planning.
Are mainly tips to help you plan a business travel program which 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 an increase in sales, increase in production output or profits, or even a decrease in defective products, sales returns or lost contracts. Be sure to assign a value on the improvement or reduction – a share, absolute quantity of units or contracts, or perhaps a amount.
* Choose the target group to the program. This might be management, employees, salespeople, or even customers.
* Find out what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives guide to complement preferences with available packages within your budget range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to possess a performance tracking system in position using a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist for the success in the corporate incentive trips. This can be current employee morale, organizational structure or market conditions.
* Decide if this software is going to be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms may be needed.
* When choosing a corporate incentive travel company, make sure it agrees to satisfy what is promised for your budgeted cost, and you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to discover if the program was successful in meeting the objective.
Corporate Travel on the Smaller Budget
Even if you can not afford to whisk your top performers away to Europe with a private jet, you can still reward your employees with incentive travel that they may enjoy.
If you’re able to find the money to send your team away over a teambuilding retreat, it does not have to be a long way away. Campsites and resorts, obviously any good day on the chartered boat can produce a memorable experience. For people, it’s really a better idea to transmit your recipient somewhere exotic enough being memorable. If at all possible, allowing a spouse or children to accompany your employee is a good idea.
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