Showing up at the office every single day, putting in the work, contributing to company efforts and building a strong social network with colleagues is a major part of many individuals' lives. Having a stable job means that employees have a regular income stream to rely on for their needs (their own as well as their families'), so they value what they have and care for their position and responsibilities as best as they could.
Of course, employees surely appreciate gestures made by their superiors that aim to provide a creative and motivating edge to their daily routines, with the promise of a coveted reward for the individuals who respond to the challenge. Offering incentive trips as a reward for exceptional performance has long been considered an effective way to motivate employees to make fewer task errors, close more sales, perform better overall, and contribute more to the company's bottom line.
So, as expensive as they may be, travel incentives serve as highly valuable investments for business owners that bring in positive returns in the form of boosts to employee morale and improved performance.
Here are four more reasons why offering travel incentives would be a smart move for your business.
Cash incentives are seen by employees simply as an increase in their salary. And like their normal salary, this money will quickly be spent toward their personal or household needs or perhaps the occasional treat, and will hardly have a lasting impression on employees as a token of their employer's appreciation of their efforts.
Incentive travel certificates can help improve employer-employee relationships, as they are typically more expensive than other incentives, thus helping employees feel more valued and recognized for their efforts. Going the extra mile to secure well-designed travel packages to give as incentive goes a long way in demonstrating a business owner's commitment to their team members.
The unique experiences and tangible souvenirs received from travels serve as physical and stronger emotional reminders of how excellence and effort is recognized by the employer, thus helping to motivate employees to sustain their exemplary performance over the long term. Photographs, videos, and other memorabilia from the trip can serve as strong evidence of the company's dedication to their employees and can have a greater impact on employees' consciousness in the form of motivation and a renewed sense of self and pride in their work.
Travel opportunities offer a more acceptable way of discussing work performance, compared to cash incentives. Talking freely about financial matters is not something that is socially accepted or comfortable for people, so providing incentives in the form of travel packages helps make the conversation easier to openly pursue.