10 Tips For Planning for a Corporate Incentive Travel Program

Corporate incentive travel is a good approach to motivate and reward your valuable employees. Incentive travel may be group or individual, along with the destination can be local or international. But every successful incentive travel program starts off with careful planning.

Listed below are ideas 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 what the incentive program should accomplish. This might be more sales, increase in production output or profits, or possibly a decline in defective products, sales returns or lost contracts. Make sure to assign a value to the improvement or reduction – a share, absolute number of units or contracts, or a amount.

* Find the target group for the program. This may be management, employees, salespeople, or even customers.

* Uncover 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 inside your price range.

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

* Be sure to have a performance tracking system in place having a clear approach to measure incentive program results.

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

* Decide if the program is going to be managed internally or outsourced for an agency.

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

* When selecting a business incentive travel company, make sure it agrees to fulfill what exactly is promised to your budgeted cost, and that you understand its cancellation policies.

* At the conclusion of your program, survey winners and non-winners to find out perhaps the program was successful in meeting the aim.

Corporate Travel with a Smaller Budget

Even though you do not want to whisk your top performers off to Europe on the private jet, you can still reward your workers with incentive travel that they can enjoy.

If you possibly could find a way to send your team away over a teambuilding retreat, it won’t have to be far away. Campsites and resorts, a day with a chartered boat can produce a memorable experience. For people, 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 also a good idea.
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