10 Methods for Arranging a Corporate Incentive Travel Program

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

The following are 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 might be a boost in sales, boost in production output or profits, or even a decline in defective products, sales returns or lost contracts. Be sure to assign a worth for the improvement or reduction – a percentage, absolute amount of units or contracts, or a amount.

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

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

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

* Be sure to use a performance tracking system set up having a clear way to measure incentive program results.

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

* Evaluate if the program is going to be managed internally or outsourced with an agency.

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

* When selecting a company incentive travel company, be sure 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 determine whether the program was successful in meeting the aim.

Corporate Travel on the Smaller Budget

Even though you can not afford to whisk your top performers away to Europe on a private jet, you may still reward the workers with incentive travel that they can enjoy.

If you possibly could manage to send your team away on a teambuilding retreat, it won’t need to be a long way away. Campsites and resorts, even a day over a chartered boat can make a memorable experience. For folks, it’s actually a better idea to deliver your recipient somewhere exotic enough to be memorable. If possible, allowing a spouse or children to accompany your employee can be another wise decision.
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