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work-and-fun

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

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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!

Using Group Incentive Travel to Boost Company Sales

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Group incentive travel is a proven method for gaining the increased sales a company needs when certain profit objectives must be met. The idea of a vacation stirs the motivation an individual or team requires to supply maximum effort. Most people dream of a distant location, but never have the opportunity to make it a reality. Financial complications, children, and additional factors escalate the difficulty experienced when an individual desires this type of break from the norm. Incentive travel in a work environment gives everyone the chance to enjoy a free vacation. This motivation is shown in daily productivity and received sales as a program progresses. Even though only a few selected people will win the award, everyone realizes its benefits and works hard to have their chance of a dream vacation.

The incline in effort supplied by each staff member boosts an organizations bottom line regardless of how many will actually have the opportunity. Engagement, ethics, attitudes, productivity, and brought in profits all experience an upsurge when these programs are implemented correctly. Group incentive travel typically focuses on a team of individuals working in the same area such as sales. Everyone attempts to reach a specific sales range or to sign on a set number of customers over a specified time period. Those surpassing set objectives have the chance to be rewarded for their additional effort with a once in a lifetime trip.

How Can Programs Be Used to Achieve Heightened Results?

Incentive travel can have multiple purposes in a business setting depending on the desired goals to be achieved. Here are a few reasons for implementing travel related motivational programs:

  • To Reward Individuals or Teams for Additional Effort
  • As a Conclusion to Meeting a Short Term Objective
  • Use of Destination Meeting Locations to Facilitate Team Building
  • Promote the Company or Services to Prospective Customers
  • Award Long Term Customers

A highly motivated staff with exceptional morale has a better chance of closing each sale. Employees work better when they know they will be awarded for the amplified effort. Regular salary motivates an individual to be productive to an extent, but does not always encourage individuals to work beyond the bare minimum. Incentive travel takes over at this point by providing exactly what a staff needs to continue pushing themselves. Awards can be offered over a shorter time span to receive a fast increase in sales or only be given to those who receive the highest number of new customers or transactions throughout the year.

Free giveaways, customer reward programs, destination meetings, and various other purposes can offer better results when incentive travel is added to the picture. A professional service assists with the itinerary, cost, and planning of the trip. These experts have the ability to put together goal oriented packages to top destinations at a rate within an organizations financial capability. Companies using group incentive travel to heighten sales can add inspiration by visually posting progress, holding drawings, and creating quality runner up awards. A qualified professional ensures rate, location, and situational needs are in place to provide a stunning experience.