Are you exploring ways to reward hardworking workforce who have gone above and beyond to meet business demands, but seeking an alternative to a cash bonus? One alternative is the re-emergence of the travel incentive programme. Whilst cash bonus’ are always appreciated and well received, who doesn’t like extra money? A travel incentive will have far longer lasting benefits and bring several other hidden perks to the company.
An effective targeted rewards programme incorporated with incentive travel can serve as a powerful tool to help achieve several positive business outcomes:
· Employee engagement – motivating and inspiring staff to improve productivity.
· Sales Incentives – focusing on sales teams to increase sales or promote a certain product
· Channel partner incentives – engaging with third-party agents to promote your product.
Incentive travel isn’t simply; - “Sell 'x' amount by 'xyz' and we all get to go to Lanzarote!”
There are extra advantages of incentive travel to benefit employees as well as the business itself
5 Benefits of an Incentive Travel Programme
· Smash Business Targets- An attractive incentive travel package offers employees an opportunity that encourages, motivates and inspires them to improve their performance, meet ambitious business targets, provides focus and promote workforce cohesion.
· Wide Appeal – Most employees look forward to their holidays. Studies have concluded that although a cash bonus is an attractive incentive, travel tops the list. Money is quickly and easily spent, often on bills and essentials. but a travel incentive creates lasting memories and an amazing experience.
· Staff Loyalty- By rewarding employees who meet incentive targets, those employees develop a deep sense of loyalty towards their employer for recognising their efforts and showing appreciation towards them. When employees feel more valued, as a result, they will become more engaged, and motivated leading to increased productivity. In addition, this will assist in keeping hold of your best staff and highest achievers.
· Memorable Experiences- a good well-planned incentive travel package will provide memorable experiences for high achieving employees, allowing them to feel as though their hard work and dedication to the company was worth their efforts. An exciting well-packaged incentive travel programme will return happy, refreshed, re-energised employees with anecdotes aplenty, eager to share with envious runners-up, stoking the competition for the next incentive resulting in everyone upping their game and doubling efforts to claim the next travel incentive having already heard about how wonderful the previous one was from the returning victors.
· Adaptable for all budgets- travel incentive packages can be tailored to suit any budget or workforce. Therefore, you can consider all ability levels to ensure the incentive is fully inclusive, a tandem skydive probably won’t be everyone’s cup of tea. Different holidays will suit different people and reward different levels of achievement, so flexibility in the awards make them more affordable for the company, as well as more personal for the employee. Travel incentives don’t always have to break the bank, wherever the destination, a bespoke incentive is still a reward and exciting bonus.
Considering an Incentive Travel Scheme into your organisation? We are here to help you plan the perfect travel incentive package, - from a luxury black-tie dinner cruise to reward employees for exceeding company targets. Or an action-packed desert safari adventure with dune-bashing in Dubai.
We would love to work with you to put together a luxury incentive travel package, an employee value proposition investment, guaranteed to draw excellence from your workforce. From modest short-term reward packages for 2. Or perhaps all-out stunning weekend break rewarding an entire team or department for attaining long-term goals.
We have a wealth of experience and expertise to work in partnership with you to deliver the perfect incentive travel scheme.
Visit here to learn more and contact our dedicated events team to make an enquiry. We look forward to helping you engage with your employees and drive your business performance today.
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