Corporate incentive travel is a great way to motivate and reward your valuable employees. Incentive travel could be group or individual, and also the destination might be local or international. But every successful incentive travel program commences with careful planning.
Listed here are guidelines to help you plan a corporate travel program that matches your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish what are the incentive program should accomplish. This can be more sales, surge in production output or profits, or perhaps a lowering of defective products, sales returns or lost contracts. Make sure to assign a worth on the improvement or reduction – a share, absolute quantity of units or contracts, or a dollar figure.
* Find the target group for your program. This could be management, employees, salespeople, or even customers.
* Find out what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide go with preferences with available packages with your cost range.
* Considering past performance and employee behavior, establish reasonable tasks to your target group.
* Be sure to have a performance tracking system set up which has a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist to the success with the incentive travel agent. This could be current employee morale, organizational structure or market conditions.
* See whether this system will likely be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel could be taxable to recipients under certain conditions, and special tax forms are usually necessary.
* When picking a corporate incentive local travel agent, make sure it agrees to satisfy precisely what is promised for the budgeted cost, and that you understand its cancellation policies.
* After your program, survey winners and non-winners to find out perhaps the program was successful in meeting the target.
Corporate Travel with a Smaller Budget
Even though you can’t afford to whisk your top performers away to Europe on the private jet, you may still reward your workers with incentive travel that they may enjoy.
When you can find the money to send your team away with a teambuilding retreat, it won’t need to be distant. Campsites and resorts, a good day on a chartered boat can certainly produce a memorable experience. For individuals, 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 another good option.
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