Corporate incentive travel is a good way to motivate and reward your valuable employees. Incentive travel may be group or individual, and also the destination might be local or international. But every successful incentive travel program starts with careful 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 might be a boost in sales, rise in production output or profits, or possibly a decline in defective products, sales returns or lost contracts. Be sure you assign something on the improvement or reduction – a part, absolute quantity of units or contracts, or a dollar figure.
* Find the target group for your program. This may be management, employees, salespeople, or even customers.
* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide to go with 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 strategy to measure incentive program results.
* Brainstorm what obstacles may exist on the success in the corporate incentive trips. This could 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 might be taxable to recipients under certain conditions, and special tax forms are usually necesary.
* When picking a business incentive local travel agency, be sure it agrees in order to meet precisely what is promised for the budgeted cost, and that you understand its cancellation policies.
* At the end of your program, survey winners and non-winners to discover whether or not the program was successful in meeting the goal.
Corporate Travel with a Smaller Budget
In case you cannot afford to whisk your top performers off to Europe on a private jet, you can still reward the employees with incentive travel that they can enjoy.
If you’re able to find a way to send your team away with a teambuilding retreat, it does not have to be a long way away. Campsites and resorts, a good day on a chartered boat can create a memorable experience. For folks, it’s really a better idea for you your recipient somewhere exotic enough to be memorable. If at all possible, allowing a spouse or children to accompany your employee can be another good idea.
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