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

The following are tips to help you plan a company travel program which fits your company’s culture, size and available budget:

* Determine your corporate incentive program goals. In specific terms, establish what the incentive program should accomplish. This might be a rise in sales, boost in production output or profits, or perhaps a reduction in defective products, sales returns or lost contracts. Be sure to assign a price towards the improvement or reduction – a part, absolute number of units or contracts, or perhaps a dollar figure.

* Find the target group for your program. This may 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 guide to match preferences with available packages in your budget.

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

* Be sure you use a performance tracking system in place which has a clear way to measure incentive program results.

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

* See whether this program will be managed internally or outsourced to an agency.

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

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

* After your program, survey winners and non-winners to determine whether the program was successful in meeting the goal.

Corporate Travel on the Smaller Budget

Even if you cannot afford to whisk your top performers off to Europe on the private jet, you’ll probably still reward your workers with incentive travel that they may enjoy.

If you can afford to send your team away with a teambuilding retreat, it won’t should be far away. Campsites and resorts, even a day with a chartered boat can create a memorable experience. For individuals, it’s really a better idea to transmit your recipient somewhere exotic enough being memorable. If possible, allowing a spouse or children to accompany your employee is also a good option.
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