Corporate incentive travel is a good way to motivate and reward your valuable employees. Incentive travel can be group or individual, as well as the destination can 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 fits your company’s culture, size and available budget:
* Determine your corporate incentive program goals. In specific terms, establish what the incentive program should accomplish. This may be an increase in sales, rise in production output or profits, or even a reduction in defective products, sales returns or lost contracts. Be sure to assign something towards the improvement or reduction – a share, absolute quantity of units or contracts, or possibly a dollar figure.
* Choose the target group for that program. This might be management, employees, salespeople, and even customers.
* Find out 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 inside your cost range.
* Considering past performance and employee behavior, establish reasonable tasks for your target group.
* Be sure to have a performance tracking system available which has a clear approach to measure incentive program results.
* Brainstorm what obstacles may exist towards the success with the corporate and incentive travel. This could be current employee morale, organizational structure or market conditions.
* Decide if 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 are usually necesary.
* When selecting a corporate incentive local travel agency, ensure it agrees in order to meet precisely what is promised for your budgeted cost, and you understand its cancellation policies.
* Following your program, survey winners and non-winners to find out perhaps the program was successful in meeting the objective.
Corporate Travel on the Smaller Budget
Although you may can not afford to whisk your top performers off to Europe over a private jet, you may still reward your employees with incentive travel that they’ll enjoy.
When you can afford to send your team away over a teambuilding retreat, it doesn’t must be far. Campsites and resorts, obviously any good day with a chartered boat can make a memorable experience. For folks, it’s actually a better idea for you your recipient somewhere exotic enough being memorable. If possible, allowing a spouse or children to accompany your employee is another wise decision.
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