10 Strategies for Planning A Corporate Incentive Travel Program

Corporate incentive travel is a great method to motivate and reward your valuable employees. Incentive travel can be group or individual, and the destination can be local or international. But every successful incentive travel program commences with careful planning.

The following are guidelines to help you plan a company travel program which fits your company’s culture, size and available budget:

* Determine your corporate incentive program goals. In specific terms, establish just what the incentive program should accomplish. This might be an increase in sales, boost in production output or profits, or perhaps a decline in defective products, sales returns or lost contracts. Make sure to assign a worth for the improvement or reduction – a share, absolute number of units or contracts, or perhaps a dollar figure.

* Select the target group for the program. This might be management, employees, salespeople, or perhaps customers.

* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide to match up preferences with available packages within your budget.

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

* Be sure you use a performance tracking system in place which has a clear approach to measure incentive program results.

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

* Evaluate if this software will likely be managed internally or outsourced to an agency.

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

* When choosing a corporate incentive local travel agency, make sure it agrees to meet what is promised to your budgeted cost, so you understand its cancellation policies.

* Following your program, survey winners and non-winners to discover whether or not the program was successful in meeting the aim.

Corporate Travel on a Smaller Budget

In case you do not want to whisk your top performers away to Europe on a private jet, you could still reward your workers with incentive travel that they can enjoy.

If you can afford to send your team away with a teambuilding retreat, this doesn’t happen have to be distant. Campsites and resorts, obviously any good day on a chartered boat can produce a memorable experience. For people, it’s a better idea to deliver your recipient somewhere exotic enough being memorable. Whenever possible, allowing a spouse or children to accompany your employee can be another good idea.
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