Corporate incentive travel is a superb way to motivate and reward your valuable employees. Incentive travel may be group or individual, as well as the destination may be local or international. But every successful incentive travel program begins with meticulous planning.
Listed below are guidelines 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 are the incentive program should accomplish. This can be an increase in sales, surge in production output or profits, or a decrease in defective products, sales returns or lost contracts. Make sure you assign a price to the improvement or reduction – a part, absolute variety of units or contracts, or even a dollar figure.
* Find the target group to the program. This might be management, employees, salespeople, as well as customers.
* Uncover 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 for the target group.
* Be sure you possess a performance tracking system set up having a clear method to measure incentive program results.
* Brainstorm what obstacles may exist for the success from the travel incentive. This could be current employee morale, organizational structure or market conditions.
* Determine whether this system will probably 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 may be required.
* When choosing a company incentive travel company, make sure it agrees to satisfy what exactly is promised on your budgeted cost, and you understand its cancellation policies.
* Following your program, survey winners and non-winners to determine perhaps the program was successful in meeting the aim.
Corporate Travel with a Smaller Budget
In case you do not want to whisk your top performers off to Europe on a private jet, you could still reward your workers with incentive travel they can enjoy.
If you’re able to find the money to send your team away on the teambuilding retreat, it does not must be a long way away. Campsites and resorts, a day over a chartered boat can create a memorable experience. For individuals, it is a better idea to send your recipient somewhere exotic enough to be memorable. When possible, allowing a spouse or children to accompany your employee is also a good plan.
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