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

Are mainly guidelines to help you plan a corporate travel program which fits 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 could be an increase in sales, rise in production output or profits, or even a reduction in defective products, sales returns or lost contracts. Be sure you assign a price to the improvement or reduction – a part, absolute number of units or contracts, or even a amount.

* Choose the target group to the program. This might be management, employees, salespeople, or perhaps customers.

* Find what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives help guide to match up preferences with available packages within your price range.

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

* Make sure you have a very performance tracking system in place which has a clear method to measure incentive program results.

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

* Evaluate if this program will probably be managed internally or outsourced to a agency.

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

* When picking a company incentive travel company, make sure it agrees in order to meet what’s promised on your budgeted cost, and that you understand its cancellation policies.

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

Corporate Travel with a Smaller Budget

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

If you’re able to manage to send your team away on the teambuilding retreat, it does not must be far away. Campsites and resorts, a day on the chartered boat can create a memorable experience. For individuals, it is a better idea for you your recipient somewhere exotic enough to become memorable. Whenever possible, allowing a spouse or children to accompany your employee is a wise decision.
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