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Four Simple Strategies for Keeping Top Talent at Your Company

invest-in-your-peopleEvery company wants its work positions to be staffed with the best talent in the field, but motivating top talent to accept a job offer is only half the battle. Once top performers are on the payroll, you have to find a way to keep them there. There are several ways to do this, but four strategies stand out for their time-tested effectiveness at accomplishing the task. Below, we take a look at these four strategies in terms of their usefulness for keeping top talent employed.

  1. Hire Talent in the Proper Work Capacity

If you hire a top performing online marketing specialist as the webmaster for your company’s web pages, he or she might be able to do the job with closed eyes, but therein lies the problem. Instead of desiring “cake jobs”, top performers tend to like challenges in the workplace that let them exhibit their skills and add to them as they go. Lack of job satisfaction among top performers is one of the main reasons why companies fail at keeping top talent employed.

  1. Let Talent Lead When Appropriate

Top talent is identified as such for a reason: Top performing employees are often self-starters who proactively look for ways to increase their performance. Consequently, they often have insightful ideas about improving the execution of business processes, implementing cost saving measures, and more. You may be the boss, but letting your top performers help shape the way your company does business is a great way for keeping top talent where you want it: in-house.

  1. Reward Talent in Memorable Ways

If an employee is already considered top talent when your company hires him or her, you know that the person is almost certainly accustomed to receiving generous bonuses and raises. The individual will expect to receive these rewards from your company, too. So, what can you do to put your organization in a unique light in the eyes of the new hire? One option is offering incentive travel trips to unique destinations that create memories that will never be forgotten.

  1. Encourage Good Work Relationships

When workers are under the gun to meet business goals and experience stress, encouraging good work relationships is easier said than done. Because of their high performance value, top talent often experiences this situation. Consequently, creating good relationships outside the workplace, and then bringing them back into it, is a good option. One way to do this is to send top performers on an incentive travel trip that helps them bond individually and as a team.

Need Solutions for Keeping Top Talent?
If your company is searching for effective ways to keep top talent in the fold, there are several options to choose from, one of which is offering incentive travel trips to top performers. In addition strengthening your employees’ dedication to your company out of gratitude, offering great trips also fosters the benefits of better teamwork and improved workplace morale. For help planning the most rewarding incentive travel trips, give us a call today at (704) 540-1482.


How to Attract and Retain Top Talent: Six Strategies

attract-talentHighly talented business people are similar to exceptionally talented athletes: They often bring the organization that they represent more revenue than it would earn if they weren’t on the payroll. Savvy companies know this and consistently focus on separating the grain from the chaff when it comes to hiring new workers. Once the best workers are hired, however, the focus changes from getting them inside company walls to keeping them there for as long as possible.

Attracting Top Talent

To attract and retain top talent is a single yet dual endeavor. Before a company can show talented employees how great it is to be a part of the organization, it must often draw their attention away from other job opportunities and motivate them to accept the job offer. There are several ways to do this, with the strategies below being three of the most effective ones.

  1. Company Mission

Workers who are considered top talent often earn the consideration as a result more than pure talent. They’re also placed at the top of the talent ladder because they are highly passionate about the work they perform. Consequently, presenting them with a company mission statement that synchronizes with what they hope to accomplish through their job can be quite attractive.

  1. Salary / Benefits

After they’ve been in the workforce for a few years, most top talent job candidates are quite accustomed to receiving salary offers and benefits packages that rank at the top of national averages in terms of financial value. If your company hopes to compete with other companies that are trying to land top talent, it should plan on offering an elite salary / benefits package.

  1. Career Trajectory

Some top talent job candidates won’t hold a position long-term unless their employer offers them a career trajectory that paves the way to elite positions. After all, these types of positions are where their talent would naturally take them. When pitching an offer to a top talent worker for a specific job, be sure to mention other, more advanced positions for which they can qualify.

Retaining Top Talent

Many companies consider retaining top talent to be the hardest part of the how to attract and retain top talent equation. This is because highly talented workers have a reputation for moving from position to position until they finally discover the perfect work opportunity. Below are three time-tested strategies that companies can use to provide this type of employment opportunity.

  1. Performance Bonuses

For workers who have the talent to control their financial destiny at a company, performance bonuses are better motivators than flat bonuses, as they allow workers to truly earn more money from working extra hard. Flat bonuses help control expenses, but performance bonuses can offer something better: A sustained revenue boost from top workers performing their best.

  1. Incentive Travel Trips

Like performance bonuses, incentive travel trips reward workers for working diligently, but instead of offering a bonus check, the trips pay workers’ way to exciting destinations, where they experience elite lodging, dining and leisure activities. All the while, the trips help employees form closer relationships that increase their dedication to the company’s team environment.

  1. Hiring Other Top Talent

Because the financial rewards employees receive for top performance are tied to the financial performance of their employer, one of the best ways to keep top talent employed is to surround it with other top talent. This strategy also helps prevent top workers from feeling as if they need to carry their department on their back to achieve success — a situation that increases stress.

Interested in Incentive Travel Trips?
If your company is searching for effective strategies for retaining top talent, offering incentive travel trips should be at the top of the list. To help companies attract and retain top talent, Incentive Travel Solutions plans and executes elite incentive travel trips, handling all of the trip details so you and your best employees can simply relax and enjoy the special occasion.

To start the trip planning process, contact one of our travel specialists today by calling (704) 540-1482. We will help your company plan trips that its top performers will never forget!


Mountains & Mozart – Splendor in Banff, Canada

It is the goal of everyone at Incentive Travel Solutions to exceed expectations.  Our destination partners are very important to our success and we welcome their suggestions, experience and local relationships. However, even the best destination suppliers can get into a habit of presenting the same concepts over and over. Therefore, we take pride in custom designing every function, tour and group activity that we present our clients.

In 2014, Incentive Travel Solutions had the honor of creating a client incentive trip for their 180 winners and guests to Banff, Canada. During a site visit, we toured a local ranch that could be used for horseback riding during the day or host groups for a traditional western style dinner show in the evening. The venue was fantastic and the setting was beautiful. However, the Incentive Travel Solutions Team was looking for a real wow, something that the guests would remember for a lifetime.

In speaking with one of the ranch hands, he mentioned a field atop the mountain that he would take the horses to run. He offered to show us the location. There was only one way to visit the area, so the ITS Team mounted horses and began the journey. Upon arriving, it was clear that the scenery from this mile-high location was unique. The 360-degree view across the Canadian Rockies was spectacular. The field however, was a bit raw and would require quite a bit of grooming. The ranch hand was proud of his secret location and was anxious to help us in any way.

So the day arrived.  This was to be a signature event and everyone at the ranch was excited to witness the occasion first hand.  The client’s winners and guests arrived and were greeted by the ranchers and local artisans.   Outfitted in western attire, the group traveled by horses and wagons. Accompanied by cowboys, and a riding western trio, the group blazed a trail into the mountains.  Soon, the group entered the clearing atop the mountain. The setting was breathtaking. Before their eyes, was the amazing view of the Canadian Rockies. At the end of the summit was a marquee tent adorned with summer flower centerpieces, crystal stemware, and servers in black tuxedos to greet the group. Outside the tent, an orchestra performed tunes from the Sound of Music. The client, his top performers and their guests were speechless. They were wow’ed that all of this was created just for them. White and red wine was being poured and the first ever white glove western bar-b que was underway.

An incentive trip must be memorable and inspiring.  Taking something ordinary and turning it into a once in a lifetime memory is what the team at Incentive Travel Solutions challenges themselves with each and every day. Contact Us today to get started.


Work & Fun: How Can a CEO Deliver This Winning Combination?

From permitting beer drinking in the workplace to allowing employees to work from home, employee-friendly CEOs have tried about everything to make work feel less like work and more like fun. While most employees are gracious enough to accept whatever concessions a CEO throws their way, the fact remains: Some types of rewards are more effective than others at combining work and fun in a manner in which the latter doesn’t detract from the former.

Incentive-Based Trips Are a Great Option
Incentive-based trips are exactly what they sound like: travel opportunities that employees receive when they meet the requirements to receive them. At most companies, incentive-based trips are based on financial objectives. For example, a CEO might offer an incentive-based golf trip to his or her sales team if they exceed last year’s sales goals by 20 percent, or offer the same trip to members of management if they reduce annual operating costs by a similar margin.

Unlike wacky types of fun that could decrease business productivity, such as permitting drinking in the workplace, offering employees an incentive-based trip makes perfect sense from a business perspective, both for employees and the company for which they work. If you are a CEO who is looking for a way to deliver a winning combination of work and fun that improves workplace morale, below are four important reasons to consider offering an incentive-based trip.


  1. The Reward is Tangible

As a reward for hard work, there is nothing subjective about an incentive-based trip. Employees know that, if they meet the stated goal, they will be golfing in Ireland, snorkeling in Key West, soaking up spa treatments in Malibu, or enjoying a similarly fun type of trip. As they work toward the goal, they can continually envision the reward to help them stay motivated to succeed.

  1. Employees Know What to Expect

Employees at thriving companies know they’ll receive raises and bonuses for working hard. However, exactly what those raises and bonuses amount to is often unknown, until employees see it at year’s end on paper. An incentive-based trip doesn’t involve any guesswork. Employees know what they will receive, which can make them more motivated to receive it.

  1. Encourages Business Productivity

One of the problems of combining work activities and fun activities in the same environment is that the spirit of fun can usurp the commitment to productivity. Often, it is a better idea to make “fun” a reward for hard work instead of combining fun activities with work processes. Ultimately, the goal is to boost productivity in a capacity that increases the bottom line. Making an incentive-based trip the light at the end of the yearly work tunnel helps promote productivity.

  1. Can be Highly Cost Effective

Incentive-based trips can be a cost effective way to reward employees. For example, say you have a sales team of 25 people that would receive raises and bonuses totaling $1 million at year’s end based on their current performance. Now, imagine offering a group trip that would cost $250,000 and reducing raises and bonuses by a total of $350,000. That’s an easy way to add six figures to your company’s bottom line by using a trip as a performance-based reward.

Contact Us Today
If you are a CEO who would like to add more fun to the work environment, offering employees an incentive-based trip is a good option for the reasons above. However, to make the trip a success, you may need some assistance from a professional facilitator of incentive-based trips. If so, the experienced specialists at Incentive Travel Solutions are here to help.

We have assisted many businesses and organizations with planning captivating trips to desirable destinations worldwide. From helping you choose a destination, to negotiating the best travel prices, to handling web-based registration processes, we can facilitate almost any aspect of an incentive-based trip. Simply put, we handle the legwork while you focus on business.

For more information about our services, call us today at (704) 540-1482, or fill out our contact form. We look forward to helping you plan an amazing trip to remember!


A Simple Idea Every CEO Should Consider to Boost Sales

Experienced CEOs know that business productivity is inevitably tied to how well employees are compensated, especially when it comes to sales. Companies naturally seek out the best talent for their sales teams, but having all the talent in the world means nothing unless you can motivate it to perform at the highest level. One way that CEOs can inspire their carefully selected sales teams to increase productivity and boost sales is offering an incentive-based trip.

Incentive-Based Trips: What Are They?
Incentive-based trips are rewards that thriving companies offer to employees who meet or exceed a preset business goal. In sales, the goal may involve such things as nurturing a certain percentage of leads into clients, retaining a certain percentage of existing customers, and exceeding last year’s revenue goal by a certain percentage. The business goal is yours to choose, and so is the type of trip that employees take after they achieve the goal.

A Unique Look at Cost Effectiveness
At first glance, an incentive-based trip can seem like an expensive way to motivate and reward sales professionals. After all, the trips often involve a high level of novelty and luxury in terms of destination, planned activities, and lodging. However, it is the novelty of the trips that can make them a cost effective way to deliver a meaningful, performance-based reward to employees.

For example, for many people, the novelty of playing golf on a beautiful, seaside course in Ireland is worth far more in experiential value than it is in monetary value. For the trip’s provider, this phenomenon can create a great amount of financial flexibility when planning the trip, especially when the provider works with a professional trip planner to secure the best prices.

Facilitating an Incentive-Based Trip
Because they often involve multiple travelers, incentive-based trips can present logistical and financial obstacles that the average vacation would not, such as airline contract negotiations, hotel contract negotiations, and web registration processes. The good news is that a professional planner of incentive based trips, such as Incentive Travel Solutions can help you move past these obstacles with ease. You can focus on work while we solidify your travel plans.

Contact Us Today
As long as they have established the performance-based goal that triggers the reward, it is never too early for CEOs to start planning an incentive-based trip for their sales team. The more time that we have to make arrangements for your travels, the more flexibility we have to get you the best possible prices for traveling to your destination, inhabiting it in style, and having a fabulous time enjoying fun filled, leisurely activities while you are there.

To get started on planning an incentive-based trip for your company’s hard working sales team, call Incentive Travel Solutions today at (704) 540-1482, or fill out our contact form. We look forward to helping you create a trip that your sales team will remember forever and work hard to qualify for in the meantime by boosting sales numbers to new heights!