If you feel that your employees urgently need a major motivation boost, you’re not alone. Across the world, companies and their people are suffering from sagging employee motivation. A McKinsey survey even showed that employee morale has gone down for almost half of the businesses respondents.
If unaddressed, the situation can cause significant damage to affected companies, especially now that the economic downturns and increasing competition in the market can deliver more than the usual challenges to businesses.
So the question that every company (regardless of size, industry, location and stature) should ask themselves today is: What are the most effective ways to increase employee motivation? Group incentive travel may be able to help.
As you know by now, cold cash is probably not the right and long-term answer. The types of incentives that work best are those that offer experiences instead of financial rewards. But for the incentives to deliver measurable results, the company has to choose the experience incentives that will really be relevant and meaningful for its people.
Travel, statistics say, is actually the most effective form of incentiveof all. Group incentive travel programs can be a way for your key employees to bond and strengthen group dynamics. At the same time, a well-chosen destination is also an opportunity for them to relax, unwind or go on once-in-a-lifetime adventures. That’s why it’s often considered a win-win solution for both employee and employer.
Companies that were able to establish a solid, strategy-aligned and cost-efficient group incentive travel program report the following returns:
It is important, however, to ensure that the incentives program you carry out is backed by a solid structure. While group travels have produced great results for many companies, poorly managed travel incentive programs have also led to serious financial losses and even dismal morale in the workforce. Make sure to work with trusted corporate travel consultants, so you can choose the solutions that will truly work for you and your valued employees.
"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."
