Corporate incentive travel is an excellent strategy to motivate and reward your valuable employees. Incentive travel can be group or individual, and the destination could be local or international. But every successful incentive travel program starts with careful planning.
Are mainly guidelines 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 might be a boost in sales, rise in production output or profits, or perhaps a reduction in defective products, sales returns or lost contracts. Make sure you assign something for the improvement or reduction – a percentage, absolute variety of units or contracts, or even a amount.
* Pick the target group for that program. This could be management, employees, salespeople, and even 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 price range.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Be sure to have a performance tracking system in position which has a clear way to measure incentive program results.
* Brainstorm what obstacles may exist for the success in the incentive travel company. This might be current employee morale, organizational structure or market conditions.
* See whether this program will probably be managed internally or outsourced with an agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When selecting a company incentive local travel agency, make sure it agrees in order to meet what is promised to your budgeted cost, and you understand its cancellation policies.
* After your program, survey winners and non-winners to discover whether the program was successful in meeting the target.
Corporate Travel over a Smaller Budget
In case you can’t afford to whisk your top performers away to Europe on the private jet, you’ll probably still reward your workers with incentive travel that they’ll enjoy.
If you possibly could afford to send your team away over a teambuilding retreat, it won’t should be far away. Campsites and resorts, a day on a chartered boat can produce a memorable experience. For people, it’s really a better idea to send your recipient somewhere exotic enough to become memorable. Whenever possible, allowing a spouse or children to accompany your employee is a good idea.
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