10 Tips For Planning for 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 might be local or international. But every successful incentive travel program begins with careful planning.

Are mainly ideas to help you plan a company travel program that matches your company’s culture, size and available budget:

* Determine your corporate incentive program goals. In specific terms, establish exactly what the incentive program should accomplish. This might be a rise in sales, surge in production output or profits, or possibly a lowering of defective products, sales returns or lost contracts. Be sure to assign a value to the improvement or reduction – a portion, absolute number of units or contracts, or even a dollar figure.

* Choose the target group for the program. This might be management, employees, salespeople, and even customers.

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

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

* Ensure you possess a performance tracking system available which has a clear way to measure incentive program results.

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

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

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

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

* After your program, survey winners and non-winners to discover perhaps the program was successful in meeting the goal.

Corporate Travel with a Smaller Budget

Although you may can’t afford to whisk your top performers away to Europe with a private jet, you’ll probably still reward your workers with incentive travel that they’ll enjoy.

If you can find the money to send your team away on a teambuilding retreat, it won’t should be a long way away. Campsites and resorts, a day on the chartered boat can produce a memorable experience. For individuals, it’s actually a better idea to transmit your recipient somewhere exotic enough to get memorable. If at all possible, allowing a spouse or children to accompany your employee is a good option.
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