Corporate incentive travel is a good method to motivate and reward your valuable employees. Incentive travel could be group or individual, along with the destination may be local or international. But every successful incentive travel program starts off with meticulous planning.

The following are 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 what are the incentive program should accomplish. This can be a rise in sales, rise in production output or profits, or perhaps a reduction in defective products, sales returns or lost contracts. Make sure you assign something for the improvement or reduction – a percentage, absolute amount of units or contracts, or possibly a dollar figure.

* Pick the target group for that program. This may be management, employees, salespeople, or even customers.

* Find out 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 within your price range.

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

* Be sure you have a very performance tracking system set up which has a clear way to measure incentive program results.

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

* Evaluate if this 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 agency, be sure it agrees to meet what exactly is promised for the budgeted cost, so you understand its cancellation policies.

* Following your program, survey winners and non-winners to determine whether or not the program was successful in meeting the target.

Corporate Travel over a Smaller Budget

Even if you can not afford to whisk your top performers off to Europe on a private jet, you can still reward your employees with incentive travel they can enjoy.

If you possibly could afford to send your team away over a teambuilding retreat, it does not have to be a long way away. Campsites and resorts, even a day on a chartered boat can produce a memorable experience. For folks, it’s actually a better idea for you your recipient somewhere exotic enough to be memorable. If at all possible, allowing a spouse or children to accompany your employee is a good idea.
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