Corporate incentive travel is a superb strategy to motivate and reward your valuable employees. Incentive travel might be group or individual, and the destination might be local or international. But every successful incentive travel program starts off with meticulous planning.
The following are guidelines to help you plan a corporate 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 can be an increase in sales, surge in production output or profits, or a reduction in defective products, sales returns or lost contracts. Make sure you assign a worth to the improvement or reduction – a portion, absolute amount of units or contracts, or even a dollar figure.
* Choose the target group to the program. This can be management, employees, salespeople, or perhaps customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives guide to match up preferences with available packages with your budget range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure you have a very performance tracking system in place using a clear method to measure incentive program results.
* Brainstorm what obstacles may exist towards the success from the incentive travel companies. This might be current employee morale, organizational structure or market conditions.
* Determine whether this program is going to 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 are usually necesary.
* When deciding on a company incentive local travel agency, make certain it agrees to fulfill precisely what is promised for the budgeted cost, so you understand its cancellation policies.
* At the conclusion of your program, survey winners and non-winners to ascertain perhaps the program was successful in meeting the objective.
Corporate Travel with a Smaller Budget
Even if you can’t afford to whisk your top performers away to Europe on a private jet, you could still reward your workers with incentive travel that they may enjoy.
If you possibly could find a way to send your team away on a teambuilding retreat, it does not must be far. Campsites and resorts, a good day on a chartered boat can produce a memorable experience. For individuals, it’s really a better idea to transmit your recipient somewhere exotic enough to become memorable. Whenever possible, allowing a spouse or children to accompany your employee is another good option.
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