4 Irrefutable Reasons to Use Incentive Travel In 2017

The year’s well underway, but there’s still plenty of time to incorporate incentive travel into your employee rewards program.  With HR specialists now present more often at upper echelon conference tables, it’s clear that the value of incentive travel programs is hitting corporate consciousness at the executive level. Incentives are exactly what they say they are – motivators which inspire employees to reach your organizational goals, offering exceptional ROI for even the most lavish among them. If your company isn’t yet on the incentive travel bandwagon, perhaps these 4 irrefutable reasons to use incentive travel in 2017 will get you on board!

1. Increased performance.

This isn’t an empty claim.  The Incentive Research Foundation’s recent study indicates that travel incentives boost employee performance by almost 50%.  Employees who experience incentive travel as a group forge strong bonds.  Those bonds, in turn, serve your organization’s goals. Workplaces are rapidly transformed when travel incentives are in play.  When they’re experienced, the effect is twofold, with teams built to last and inspired to perform.

2. Employee loyalty.

Many remember the first dollar they ever made, but few were inspired by the experience.  And experience is the key word here. People’s memories are linked to experiences.  When you offer your people quality experiences, they’re going to associate them with your organization and their role in it. Parasailing in Puerto Vallarta is a peak experience few forget, especially when it’s part of an excursion your employees take as part of a travel incentive.  Sharing one-of-a-kind experiences is another team-building tool which provides your people with shared life events that translate into loyalty.  Your employees will not only perform with greater dedication, you’ll improve retention, keeping your best and brightest.

3. Great ROI.

Return on investment is a key factor when companies are considering incentive travel.  With budgets per person for employee travel incentives now edging $4K, ROI matters. Site International reports an ROI of $12.50 for every dollar spent on incentive travel.  This is our favorite of the 4 irrefutable reasons to use incentive travel in 2017, because we know that organizations like yours are minding the bottom line.  But with incentive travel, it’s proven that your ROI is seen in increased revenues.

4. Your employees want it.

This is one of the best reasons to use incentive travel, because the satisfaction of your employees is a key indicator in the success of your enterprise.  Satisfied employees are motivated, happy and more likely to stay with you. Behavioral scientist and author, Dan Ariely, ran a study on motivation with a select group of employees.  His findings will surprise those of you continuing to place cash incentives over all others. When asked which type of incentive they’d prefer, the control group overwhelmingly rejected cash.  They were far more interested in an experiential reward than they were a monetary one. We hope these 4 irrefutable reasons to use incentive travel in 2017 have given you food for thought.  Building a quality travel incentive program is as easy as contacting Incentive Travel Group.

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Testimonials

  • Evan Polin
    Sandler Training

    "I've been working with Bruce and his team on two projects and they've been great to work with. Bruce has helped us set up a referral/incentive program for us to roll out with our clients and strategic partners. Bruce was great to work with. He's set up a 7 tier program that allows for flexibility and he's also helped us to market the program."

  • Kevin O'Keefe
    Vice President World Wide Sales, Maginatics, Inc.

    "Beverly arranged and managed the early Envivio Sales incentive trips for us. Each of our events was an outstanding and motivating experience Our Sales team appreciated the attention to detail and to fun. Qualifying for the "trip" was a motivating factor behind many end of year sales pushes. I will use Beverly again in the future."

  • Mickey Poorman
    Laird Technologies

    "Peak Performance’s attention to detail and personal service made me feel like I had a true corporate meeting planning partner that I could rely on throughout the planning process right up until I was on site. I look forward to doing more meetings with them."

  • Marco Lopez
    C& J Energy Services, Inc

    "I have used your services two years in a row and you all have made my vacation a great one. You have the most helpful and considerate employees. Always very friendly, respectful and willing to make my travel experience a good one. Thank you and keep up the great job."

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