10 Tips For Organising a Corporate Incentive Travel Program

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

Listed here are ideas 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 could be more sales, surge in production output or profits, or a decrease in defective products, sales returns or lost contracts. Be sure you assign a value to the improvement or reduction – a portion, absolute number of units or contracts, or possibly a dollar figure.

* Select the target group for your program. This could be management, employees, salespeople, and even customers.

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

* Considering past performance and employee behavior, establish reasonable tasks for the target group.

* Ensure you have a performance tracking system in place which has a clear way to measure incentive program results.

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

* Decide if the program will probably be managed internally or outsourced to a agency.

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

* When selecting a corporate incentive local travel agent, be sure it agrees to satisfy what exactly is promised for the budgeted cost, and you understand its cancellation policies.

* Following your program, survey winners and non-winners to find out if the program was successful in meeting the aim.

Corporate Travel on a Smaller Budget

Although you may do not want to whisk your top performers away to Europe on a private jet, you’ll probably still reward the employees with incentive travel they can enjoy.

If you possibly could manage to send your team away over a teambuilding retreat, it does not have to be distant. Campsites and resorts, even a day with a chartered boat can make a memorable experience. For those, it’s a better idea to deliver your recipient somewhere exotic enough to become memorable. If at all possible, allowing a spouse or children to accompany your employee is also a good plan.
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