Incentive travel can be tailored to suit any budget – for small and big companies alike. According to the Harvard Business Review, money is the most expensive way to reward employees. Here are 4 Reasons Why Incentive Trips Work:
Motivates Employees – The big trip is the light at the end of the tunnel. Employees are more productive when they know they will be rewarded in the end. A once-in-a-lifetime experience in an exotic destination is much more motivating than a heftier pay check, which would probably be used to pay the bills and be quickly forgotten.
Establishes Company Loyalty – When an employee sees that their company values their work, they feel appreciated. This feeling, paired with the relaxation they receive while on an all-expense paid vacation, generates allegiance.
Increases Sales – According to the Incentive Research Foundation, Properly designed and executed incentive travel programs can increase sales productivity by 18% and produce an ROI of 112%.
Promotes Teambuilding – Traveling together and creating memories outside of the workplace creates camaraderie among employees. Friendships are formed and brought back home to the office creating a more positive work environment.
***BONUS – you will have to go too! Give us a call to see how we can create the perfect incentive plan for your company.