What does it take to attract and lure top talent? No matter what industry your business is in, your organization is only as good as your personnel. If you want your business to grow and thrive, it is essential to invest in your people and keep top performers within the fold. However, luring and keeping top performers can be quite a tricky task. Even if you think that your key employees are happy with their current state, it is highly likely that they'll grab a better opportunity when one comes along. But apart from employee retention, keeping close tabs on the people in your organization offers several benefits. For one, you'll better understand what keeps them satisfied. Second, you'll be able to increase productivity while limiting employee turnover. And in the long run, you'll even save up on costs by keeping key personnel and making your business grow along with them. Today's businesses can implement an array of strategies to meet the goal of keeping employees happy and making them stay put. These include offering competitive wages, flexible schedules and even recognition. Another tried-and-tested way to retain your organization's top talent is through a corporate incentive travel program. This program is a versatile tool that allows businesses to motivate their employees and attain other goals like increase productivity and sales. However, setting a corporate and incentive travel scheme is not just about setting a budget or determining who can benefit from it. In order to maximize the results from this type of incentive program, planning is essential. Designing a suitable incentive program for your employees entails a multi-step approach. From the onset, your goals should be clear – whether you want an increase in sales or an increase in new customers. Afterwards, you'll need to determine who will be included in the incentive program. After these initial steps, your next goal is to determine what incentives appeal to your intended audience. Next, you'll have to factor in your personnel's behavior and performance in order to determine suitable goal posts. It is also worthwhile to put into place metrics that will allow you to objectively determine and track employee performance. Due to the complicated nature of designing, planning and even implementing a corporate travel incentive program, it is worthwhile to enlist the aid of experts like Peak Performance which will allow you to reap the benefits of a well-though-out program without the associated hassles.
"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."
"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."
"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."
"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."
