Incentive travel trips are precisely what they sound like: excursions that employees take as a group after they accomplish an incentivized goal, typically one that involves charting new financial territory, such as beating last year’s sales goals, adding a record number of new clients to the client roster, signing a record number of clients to new contracts, etc. As management would expect, the trip serves as a motivation to achieve such goals, as much as it serves as a reward.
The More Adventurous the Trip, the Better
Incentive travel trips are as diverse as the achievements that set them in motion. But, in each case, the goal is to plan a trip that the travelers will remember — if not literally for a lifetime, at least until next year, when a new trip is planned for achieving new goals. There are plenty of adventurous trips that fit the bill, including: hot air balloon trips above breathtaking scenery, trips to remarkable historical places, and trips to luxurious spots such as wineries, to name a few.
If this all sounds rather expensive, make no mistake: it is. However, companies that plan incentive travel trips pay far less for the trip than the dollar amount of the financial achievement that the trip rewards making incentive trips a sensible investment in business growth. In fact, some companies find that rewarding employees with incentive travel trips along with raises and bonuses is more affordable that using raises and bonuses alone, especially in the long run.
For the Best Deals, Use an Experienced Travel Planner
Incentive travel trips may be costly in their own right, but using the services of a travel incentive trip planner will help mitigate the expense. In addition to working with destination providers to get group deals on travel, lodging, and entertainment options, special events for the trip can also be planned with your company’s travel budget in mind. Ultimately, the trip doesn’t decide how much you spend. Rather, you decide how much you spend on the trip; you remain in financial control.
Controlling the cost of incentive travel trips while giving your top performing employees everything that they could hope for in a company trip is what we specialize in at Incentive Travel Solutions. Whether the size of your company and its travel budget are small, medium, or large, we can put together an adventurous trip that reminds your employees of the enjoyment that lays in store for them, as they work hard to trigger the incentive of the next trip, and then the next.
If you need a new, cost-controlled way to reward your employees for achieving business goals, call us today to speak with our experienced planners of incentive travel trips. We look forward to helping you plan trips that reward your hard working employees, and keep them working hard!
Any Takers on US Open at Pebble Beach?
Discounts Below for Clients:
We can offer client discounts on single day tournament rounds for the 2019 US Open Golf Championship at Pebble Beach. All tickets include VIP hospitality access into our private Chalet on the course between the 6th and 8th holes. Course tickets, access to air-conditioned chalet the entire day, food and drinks included. Dates are June 13-16. Get more details on our brochure.
- VIP Package for 4 on Thursday = $3,600
- VIP Package for 4 on Friday = $2,800
- VIP Package for 4 on Saturday = $3,600
- VIP Package for 4 on Sunday = $2,800
Prices good until May 8, 2019
An incentive travel trip is unlike anything you could plan yourself. It takes an expert with global knowledge who creates a trip that includes the best foods, activities, hotel, atmosphere, entertainment, interest, and experiences. Experiences that leave travelers with a feeling they’ve done something they never thought existed. Experiences so memorable they secretly smile at every reminiscence. The type of trip that retains top talent and forges bonds between employer and employee.
While it would be nice if employees continued to work hard for the same amount of compensation year after year, that’s not how it works. People want to be valued for their work and one way is compensation. Top performers are motivated to reach new heights by more than just a passion for their profession. The prospect of receiving pay raises and bonuses also motivates them to break last year’s revenue targets, but these traditional types of compensation aren’t the only ones that motivate employees to perform.
Using Non-Monetary Incentives
Pay raises and bonuses are the most common forms of compensation for top business performers. As the old saying goes, “money talks”. However, some companies prefer to get creative, and offer non-monetary incentives, too, such as new luxury vehicles, luxury watches, and a variety of other unique gifts that are well off the beaten path of incentive-based rewards.
Some companies assume that offering the direct financial incentives of bonuses and raises is the best way to motivate top performers to translate their talent into business goals achieved. However, over time, non-monetary rewards, especially incentive travel trips, have proven to be quite effective, as well. Consider the following statistics from the Incentive Research Foundation.
- Companies that offer non-cash rewards, such as incentive travel trips, experience average annual revenue increases that are three times higher than companies that don’t.
- 100 percent of companies that are “best in class” offer incentive travel trips at year’s end to recognize the achievement of annual sales success and dynamic revenue growth.
- Well-designed and skillfully deployed incentive travel trips can boost sales productivity by nearly 18 percent and yield a return on investment (ROI) of up to 112 percent.
- Nearly 50 percent of U.S. businesses use incentive travel to motivate and reward various types of workers, including: salespeople, channel partners, and managers.
Need Help Planning an Exclusive Incentive Travel Trip?
If your company would like to make an incentive travel trip a part of its compensation package for top performing employees, Incentive Travel Solutions will help you plan your travels from start to finish. We handle the complexities of coordinating precisely the type of trip you desire, so you can focus on core business in the meantime, and then embark on your travels with leisure. From scheduling travel options to providing on site travel staff, we offer everything you need.
For assistance making your exclusive incentive travel plans a reality, call us today at (704) 540-1482, or fill out the contact form on our website. We look forward to helping you compensate your hard working team of business personnel in a way that they will remember forever!