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

Listed below are ideas to help you plan a company travel program that fits 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 may be a boost in sales, boost in production output or profits, or perhaps a lowering of defective products, sales returns or lost contracts. Make sure to assign something for the improvement or reduction – a part, absolute quantity of units or contracts, or even a dollar figure.

* Choose the target group for the program. This may be management, employees, salespeople, or even 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 with your cost range.

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

* Ensure you use a performance tracking system in position with a clear approach to measure incentive program results.

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

* See whether this system is going to 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 are usually necesary.

* When picking a corporate incentive local travel agent, be sure it agrees to meet what’s promised for your budgeted cost, and 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 with a Smaller Budget

Even though you can not afford to whisk your top performers away to Europe on a private jet, you could still reward your employees with incentive travel that they may enjoy.

If you can find a way to send your team away over a teambuilding retreat, it does not need to be far away. Campsites and resorts, even a day on the chartered boat can create a memorable experience. For those, 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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