Corporate incentive travel is a great method to motivate and reward your valuable employees. Incentive travel might be group or individual, and also the destination could be local or international. But every successful incentive travel program starts with meticulous planning.
Listed below are ideas 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 an increase in sales, boost in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Be sure you assign something to the improvement or reduction – a portion, absolute amount of units or contracts, or even a amount.
* Select the target group for your program. This could 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 help guide match up preferences with available packages in your cost range.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Make sure you use a performance tracking system in place having a clear strategy to measure incentive program results.
* Brainstorm what obstacles may exist for the success from the travel incentive company. This might be current employee morale, organizational structure or market conditions.
* See whether this system is going to be managed internally or outsourced for an 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 agent, ensure it agrees to meet what exactly is promised for your budgeted cost, so you understand its cancellation policies.
* After your program, survey winners and non-winners to discover whether or not the program was successful in meeting the goal.
Corporate Travel on a Smaller Budget
Although you may do not want to whisk your top performers off to Europe with a private jet, you’ll probably still reward your employees with incentive travel that they can enjoy.
If you’re able to afford to send your team away on a teambuilding retreat, it won’t should be far away. Campsites and resorts, even a day on a chartered boat can make a memorable experience. For folks, it’s a better idea for you your recipient somewhere exotic enough to become memorable. Whenever possible, allowing a spouse or children to accompany your employee is another good plan.
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