Corporate incentive travel is a great approach to motivate and reward your valuable employees. Incentive travel might be group or individual, along with the destination could be local or international. But every successful incentive travel program starts off with meticulous planning.
The following are ideas to help you plan a business travel program that suits 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 rise in sales, surge in production output or profits, or perhaps a reduction in defective products, sales returns or lost contracts. Make sure you assign a price for the improvement or reduction – a percentage, absolute number of units or contracts, or even a amount.
* Find the target group to the program. This can 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 help guide to match up preferences with available packages within your price range.
* Considering past performance and employee behavior, establish reasonable tasks for the 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 towards the success with the incentive traveller. This could be current employee morale, organizational structure or market conditions.
* Evaluate if the program will be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When selecting a corporate incentive local travel agency, make sure it agrees in order to meet what’s promised for your budgeted cost, and that you understand its cancellation policies.
* Following your program, survey winners and non-winners to discover whether or not the program was successful in meeting the objective.
Corporate Travel with a Smaller Budget
Even though you do not want to whisk your top performers away to Europe on the private jet, you may still reward the workers with incentive travel they can enjoy.
If you can find a way to send your team away on a teambuilding retreat, it does not have to be far. Campsites and resorts, even a day over a chartered boat can create a memorable experience. For people, it’s really a better idea to transmit your recipient somewhere exotic enough to get memorable. Whenever possible, allowing a spouse or children to accompany your employee is also a good plan.
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