Corporate incentive travel is a superb strategy to motivate and reward your valuable employees. Incentive travel can be group or individual, and also the destination could be local or international. But every successful incentive travel program commences with meticulous planning.
The following are good ideas , 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 just what the incentive program should accomplish. This could be a rise in sales, rise in production output or profits, or a reduction in defective products, sales returns or lost contracts. Make sure to assign something on the improvement or reduction – a part, absolute variety of units or contracts, or perhaps a amount.
* Select the target group to the program. This might be management, employees, salespeople, as well as customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to complement preferences with available packages with your price range.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Make sure you have a very performance tracking system available with a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist for the success with the incentive travel companies. This could be current employee morale, organizational structure or market conditions.
* Decide if the program will likely be managed internally or outsourced to an agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When deciding on a corporate incentive travel company, be sure it agrees to satisfy what is promised to your budgeted cost, so you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to discover perhaps the program was successful in meeting the objective.
Corporate Travel on the Smaller Budget
Even though you do not want to whisk your top performers away to Europe on the private jet, you can still reward the employees with incentive travel that they’ll enjoy.
If you can afford to send your team away with a teambuilding retreat, it won’t have to be a long way away. Campsites and resorts, a good day on the chartered boat can create a memorable experience. For individuals, it’s a better idea to transmit your recipient somewhere exotic enough to be memorable. If at all possible, allowing a spouse or children to accompany your employee is a good idea.
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