10 Strategies for Organising a Corporate Incentive Travel Program

Corporate incentive travel is an excellent strategy to motivate and reward your valuable employees. Incentive travel may be group or individual, and the destination could be local or international. But every successful incentive travel program starts off with meticulous planning.

Listed here are ideas to help you plan a corporate 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 may be an increase in sales, surge in production output or profits, or even a lowering of defective products, sales returns or lost contracts. Be sure to assign a price on the improvement or reduction – a portion, absolute quantity of units or contracts, or a amount.

* Select the target group for the 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 help guide complement preferences with available packages inside your budget.

* Considering past performance and employee behavior, establish reasonable tasks on your target group.

* Be sure to have a very performance tracking system in position having a clear way to measure incentive program results.

* Brainstorm what obstacles may exist towards the success from the corporate incentive travel. This could be current employee morale, organizational structure or market conditions.

* Evaluate if this software is going to be managed internally or outsourced to an agency.

* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms may be needed.

* When picking a corporate incentive travel company, ensure it agrees to satisfy what exactly is promised to your budgeted cost, and you understand its cancellation policies.

* After your program, survey winners and non-winners to ascertain whether the program was successful in meeting the goal.

Corporate Travel on the Smaller Budget

Although you may cannot afford to whisk your top performers away to Europe with a private jet, you could still reward the employees with incentive travel that they may enjoy.

If you can manage to send your team away with a teambuilding retreat, it does not need to be far. Campsites and resorts, obviously any good day on a chartered boat can certainly produce a memorable experience. For individuals, it’s really a better idea to transmit your recipient somewhere exotic enough to get memorable. If possible, allowing a spouse or children to accompany your employee is another wise decision.
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