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

Listed here are tips to help you plan a business 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 an increase in sales, boost in production output or profits, or even a decline in defective products, sales returns or lost contracts. Be sure to assign a value to the improvement or reduction – a part, absolute variety of units or contracts, or even a dollar figure.

* Choose the target group for the program. This may 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 to go with preferences with available packages within your cost 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 using a clear method to measure incentive program results.

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

* Determine whether this system is going to 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 needed.

* When deciding on a business incentive travel company, make certain it agrees to meet what exactly is promised for the budgeted cost, so that you understand its cancellation policies.

* Following your program, survey winners and non-winners to find out if the program was successful in meeting the objective.

Corporate Travel on the Smaller Budget

In case you can’t afford to whisk your top performers off to Europe with a private jet, you could still reward your workers with incentive travel they can enjoy.

If you possibly could afford to send your team away with a teambuilding retreat, it doesn’t must be far. Campsites and resorts, a good day over a chartered boat can create a memorable experience. For folks, it’s really a better idea to deliver your recipient somewhere exotic enough to be memorable. If at all possible, allowing a spouse or children to accompany your employee is another good idea.
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