Corporate incentive travel is a great strategy to motivate and reward your valuable employees. Incentive travel might be group or individual, as well as the destination may be local or international. But every successful incentive travel program starts with careful planning.
Listed here are guidelines to help you plan a business travel program that suits your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish exactly what the incentive program should accomplish. This may be a rise in sales, rise in production output or profits, or even a decrease in defective products, sales returns or lost contracts. Be sure to assign a worth for the improvement or reduction – a percentage, absolute quantity of units or contracts, or even a amount.
* Select the target group for your program. This might 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 guide to match preferences with available packages inside your budget range.
* Considering past performance and employee behavior, establish reasonable tasks on your target group.
* Be sure to use a performance tracking system set up having a clear method to measure incentive program results.
* Brainstorm what obstacles may exist on the success in the incentive travel company. This can be current employee morale, organizational structure or market conditions.
* Determine whether the program will likely be managed internally or outsourced to a agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms may be required.
* When deciding on a company incentive local travel agency, ensure it agrees to fulfill what exactly is promised for your budgeted cost, so that 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 target.
Corporate Travel over a Smaller Budget
Even though you can not afford to whisk your top performers away to Europe on a private jet, you could still reward the employees with incentive travel they can enjoy.
If you possibly could afford to send your team away over a teambuilding retreat, this doesn’t happen must be far. Campsites and resorts, even a day with a chartered boat can make a memorable experience. For individuals, it’s really a better idea to send your recipient somewhere exotic enough to become memorable. If at all possible, allowing a spouse or children to accompany your employee is also a good plan.
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