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

The following are ideas 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 can be an increase in sales, increase in production output or profits, or even a lowering of defective products, sales returns or lost contracts. Be sure you assign a worth on the improvement or reduction – a portion, absolute number of units or contracts, or even a dollar figure.

* 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 help guide to match preferences with available packages in your budget range.

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

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

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

* Evaluate if this software 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 are usually necesary.

* When selecting a business incentive local travel agent, ensure it agrees to fulfill what exactly is promised on your budgeted cost, so that you understand its cancellation policies.

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

Corporate Travel on the Smaller Budget

Even though you can’t afford to whisk your top performers away to Europe on the private jet, you may still reward the workers with incentive travel they can enjoy.

If you can find a way to send your team away on a teambuilding retreat, it does not must be far. Campsites and resorts, a good day over a chartered boat can make a memorable experience. For folks, it’s actually a better idea to deliver your recipient somewhere exotic enough to become memorable. When possible, allowing a spouse or children to accompany your employee is another good option.
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