Corporate incentive travel is a superb strategy to motivate and reward your valuable employees. Incentive travel might be group or individual, along with the destination may be local or international. But every successful incentive travel program commences with careful planning.
Are mainly tips 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, increase in production output or profits, or possibly a reduction in defective products, sales returns or lost contracts. Be sure to assign a price to the improvement or reduction – a share, absolute number of units or contracts, or even a amount.
* Find the target group for that program. This could be management, employees, salespeople, or perhaps customers.
* Uncover 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 with your budget.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to possess a performance tracking system available using a clear strategy to measure incentive program results.
* Brainstorm what obstacles may exist for the success in the incentive travel agency. This can be current employee morale, organizational structure or market conditions.
* See whether this program is going to be managed internally or outsourced for an agency.
* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms may be needed.
* When deciding on a business incentive travel company, make sure it agrees to meet what exactly is promised for the budgeted cost, so that you understand its cancellation policies.
* Following your program, survey winners and non-winners to find out perhaps the program was successful in meeting the target.
Corporate Travel on the Smaller Budget
Although you may cannot afford to whisk your top performers off to Europe over a private jet, you could still reward your workers with incentive travel that they may enjoy.
If you possibly could manage to send your team away on the teambuilding retreat, it doesn’t need to be a long way away. Campsites and resorts, even a day with a chartered boat can make a memorable experience. For people, it’s a better idea for you your recipient somewhere exotic enough to be memorable. Whenever possible, allowing a spouse or children to accompany your employee is a good option.
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