10 Tricks for Planning A Corporate Incentive Travel Program

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

Listed below are good ideas , plan a company travel program that 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 an increase in sales, surge in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Make sure to assign a value for the improvement or reduction – a share, absolute variety of units or contracts, or even a amount.

* Select the target group for the program. This could be management, employees, salespeople, as well as customers.

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

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

* Ensure you have a performance tracking system available using a clear way to measure incentive program results.

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

* Determine whether the program will be managed internally or outsourced for an agency.

* Understand applicable tax implications. Travel might be taxable to recipients under certain conditions, and special tax forms may be needed.

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

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

Corporate Travel on the Smaller Budget

In case you cannot afford to whisk your top performers away to Europe on the private jet, you could still reward the workers with incentive travel that they may enjoy.

If you’re able to find a way to send your team away on the teambuilding retreat, it does not must be distant. Campsites and resorts, a good day on the chartered boat can make a memorable experience. For those, it’s actually a better idea to deliver your recipient somewhere exotic enough being memorable. If possible, allowing a spouse or children to accompany your employee can be another good idea.
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