10 Strategies for Planning A Corporate Incentive Travel Program

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

Listed here are tips 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 could be a rise in sales, rise in production output or profits, or even a lowering of defective products, sales returns or lost contracts. Make sure you assign something for the improvement or reduction – a portion, absolute number of units or contracts, or a dollar figure.

* Select the target group for the program. This could 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 self-help guide to match up preferences with available packages inside your price range.

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

* Make sure you have a performance tracking system in position having a clear approach to measure incentive program results.

* Brainstorm what obstacles may exist towards the success in the travel incentive company. This might be current employee morale, organizational structure or market conditions.

* See whether this system will likely 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 may be required.

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

* Following your program, survey winners and non-winners to determine whether the program was successful in meeting the objective.

Corporate Travel with a Smaller Budget

Even though you can’t afford to whisk your top performers away to Europe on a private jet, you’ll probably still reward your employees with incentive travel that they’ll enjoy.

If you’re able to manage to send your team away on a teambuilding retreat, it doesn’t must be far away. Campsites and resorts, a day over a chartered boat can certainly produce a memorable experience. For people, it is a better idea to send your recipient somewhere exotic enough to get memorable. If at all possible, allowing a spouse or children to accompany your employee is another wise decision.
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