What Value Can an Incentive Travel Program Provide?
Incentive travel programs have become more popular as an incentive rewards program for businesses that bestow this wonderful honor and opportunity on employees for a job well done. Today, it is even more preferred than monetary rewards, such as end of the year bonuses and commission checks. Those companies that have not made the transition to offering incentive travel programs in its place of business have probably not done so because the decision makers likely have reservations concerning what exactly the true value is when providing an incentive travel opportunity. The following paragraph will shed some light on obtaining a more precise value of providing an incentive travel program within your place of business.
Recently conducted research related to the overall cost of a travel incentive program per qualifying person, along with any attending guests, was more than justifiable based on the increased output performed by each employee who could qualify for the incentive travel reward program. The research was also able to prove that employees who have been rewarded with incentive travel programs perform markedly better and will stay with their place of business longer than their colleagues who do not receive incentive travel programs. In addition, the net operating income of a business providing incentive travel programs was much higher, and tenure of participants in the rewards program was significantly higher than those who did not participate in the travel incentive offering. Over half of the employees who received the initial travel incentive sustained their business goals and quotas for an average of close to an additional five years. Moreover, and just as vital as fiscal gains for a business, the same study also showed that employees suggested an overall improvement in maintaining a positive organizational culture and climate.
In summary, it can be concluded that the overall value of providing incentive travel programs in your place of business is astronomical. With surveys that state everything mentioned previously, a company would be foolish not to take advantage of this incredible opportunity, as it rewards all of those involved, even the location of the incentive travel program (survey also suggested that the locations and communities for incentive travel programs benefit monetarily). The next step your business needs to take is finding the right incentive travel solutions company to put these packages together for your company.
Incentive Travel Solutions is one of the pioneers in providing incentive travel rewards programs to business. ITS offers an incredible list of destinations that is guaranteed to delight even the pickiest traveler, as the company offers trips all over the world. All you have to do is reach out to ITS, and a representative will be happy to go over all of the details regarding this wonderful rewards program. It is time to let your employees know how much you truly care about their performance, and ITS can help you get there.
