Corporate incentive travel is a good method to motivate and reward your valuable employees. Incentive travel could be group or individual, as well as the destination could be local or international. But every successful incentive travel program begins with meticulous planning.
The following are good ideas , 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 boost in sales, increase in production output or profits, or a decline in defective products, sales returns or lost contracts. Be sure to assign a value to the improvement or reduction – a percentage, absolute quantity of units or contracts, or possibly a dollar figure.
* Pick the target group for your program. This may be management, employees, salespeople, or even customers.
* Discover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to go with preferences with available packages in your price range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to use a performance tracking system available which has a clear method to measure incentive program results.
* Brainstorm what obstacles may exist towards the success with the corporate incentive trips. This can be current employee morale, organizational structure or market conditions.
* Determine whether this software will probably be managed internally or outsourced with an agency.
* Understand applicable tax implications. Travel may be taxable to recipients under certain conditions, and special tax forms may be required.
* When selecting a corporate incentive travel company, make sure it agrees to satisfy precisely what is promised to your budgeted cost, and that you understand its cancellation policies.
* After your program, survey winners and non-winners to find out if the program was successful in meeting the goal.
Corporate Travel on a Smaller Budget
Even if you can’t afford to whisk your top performers away to Europe over a private jet, you may still reward the workers with incentive travel they can enjoy.
If you’re able to find the money to send your team away over a teambuilding retreat, it won’t must be far. Campsites and resorts, a good day with a chartered boat can produce a memorable experience. For those, it’s a better idea to transmit your recipient somewhere exotic enough to become memorable. Whenever possible, allowing a spouse or children to accompany your employee is a good plan.
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