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

Listed below are ideas to help you plan a corporate 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 an increase in sales, boost in production output or profits, or perhaps a decrease in defective products, sales returns or lost contracts. Make sure to assign a worth for the improvement or reduction – a portion, absolute variety of units or contracts, or even a dollar figure.

* Choose the target group for the program. This can be management, employees, salespeople, as well as customers.

* Uncover what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives guide to go with preferences with available packages within your cost range.

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

* Be sure to possess a performance tracking system set up using a clear strategy to measure incentive program results.

* Brainstorm what obstacles may exist towards the success with the corporate and incentive travel. This could be current employee morale, organizational structure or market conditions.

* Evaluate if this software will be managed internally or outsourced for an agency.

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

* When picking a business incentive travel company, be sure it agrees to satisfy precisely what is promised for your budgeted cost, so you understand its cancellation policies.

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

Corporate Travel on a Smaller Budget

Even though you can not afford to whisk your top performers off to Europe on the private jet, you may still reward your employees with incentive travel that they’ll enjoy.

When you can find a way to send your team away over a teambuilding retreat, it doesn’t should be far. Campsites and resorts, even a day on the chartered boat can create a memorable experience. For people, it’s actually a better idea to deliver your recipient somewhere exotic enough to be memorable. When possible, allowing a spouse or children to accompany your employee is another good idea.
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