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

Listed below are guidelines 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 are the incentive program should accomplish. This might be a boost in sales, increase in production output or profits, or perhaps a decline in defective products, sales returns or lost contracts. Make sure you assign a value towards the improvement or reduction – a share, absolute number 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 out what the target’s values, interests and preferences through paper surveys or interviews. Then browse our corporate incentives self-help guide to match up preferences with available packages inside your price range.

* Considering past performance and employee behavior, establish reasonable tasks for the target group.

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

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

* Evaluate if this program is going to be managed internally or outsourced to a agency.

* Understand applicable tax implications. Travel can be taxable to recipients under certain conditions, and special tax forms are usually necesary.

* When picking a company incentive local travel agent, make sure it agrees to fulfill what is promised for the budgeted cost, so that you understand its cancellation policies.

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

Corporate Travel on a Smaller Budget

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

If you’re able to find the money to send your team away with a teambuilding retreat, this doesn’t happen have to be far away. Campsites and resorts, a good day over a chartered boat can produce a memorable experience. For individuals, it’s really a better idea for you your recipient somewhere exotic enough to be memorable. If possible, allowing a spouse or children to accompany your employee is also a good option.
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