10 Tips For Arranging a Corporate Incentive Travel Program

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

Listed below 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 rise in sales, rise in production output or profits, or a lowering of defective products, sales returns or lost contracts. Make sure you assign a worth to the improvement or reduction – a percentage, absolute number of units or contracts, or possibly a amount.

* Find the target group for that program. This might be management, employees, salespeople, as well as 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 within your budget.

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

* Be sure you possess a performance tracking system set up with a clear approach to measure incentive program results.

* Brainstorm what obstacles may exist on the success from the individual incentive. This might be current employee morale, organizational structure or market conditions.

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

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

* When selecting a business incentive local travel agent, be sure it agrees in order to meet what is promised for your budgeted cost, and you understand its cancellation policies.

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

Corporate Travel over a Smaller Budget

In case you do not want to whisk your top performers off to Europe on a private jet, you could still reward your employees with incentive travel that they can enjoy.

If you’re able to find a way to send your team away on a teambuilding retreat, it won’t should be far. Campsites and resorts, a good day on a chartered boat can produce a memorable experience. For people, it’s actually a better idea to send your recipient somewhere exotic enough being memorable. Whenever possible, allowing a spouse or children to accompany your employee can be another good plan.
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