Key Things to Consider When Revising Your Employee Incentive Travel Program

Corporate travel incentive programs need to be updated from time to time. This has to be done to change or revise certain policies, include new ones, and incorporate additional conditions that were not relevant in the past but are now pertinent and necessary.

Revising your employee incentive travel program is also the perfect opportunity for you to consider some other important factors or elements that can help you come up with a better, more suitable reward package. These key things you should consider can include the following:

  • Individual travel rewards. Although group travel rewards are still popular, individual ones are also on the rise. This is mainly because most companies still have tight budgets in terms of their incentive programs. Rewarding deserving employees with individual vouchers of a certain amount is usually less expensive than a group travel event since this would also involve a coordinator and some kind of group gathering. Individual travel incentives can also better suit an employee’s preferences. Most employees today value choice and individual travel rewards can offer them that freedom.
  • You can mix groups. A group travel incentive is a great way to break down the barriers that inevitably build up within a company. You can prevent this from happening or worsening by mixing sales teams with marketing, or operations with the creative department. Your business can acquire several benefits by following this strategy which includes improving cross-team communications, getting a boost in creativity, and developing a strengthened commitment to business-wide goals.
  • Focus on experiential travel. Employees will certainly appreciate travels that will allow them to discover a new city or country and give them some much-needed rest and relaxation. However, there are a lot of people who are now prioritizing experiential travel. It means that individuals are now more interested in the experience that travel offers than in the destination. As such, in your program, you can now include the more affordable of option of a winery tour (which should include wine tasting) or even a day at the spa.
  • The chance to give back. Finally, most employees respond very positively to opportunities that permit them to make a valuable contribution. You can think about developing a group travel incentive around a charitable activity which effectively satisfies this need and supports team building. A lot of companies are now starting incentive travel programs that include working with Habitat for Humanity and UNICEF. You can also start small by taking part in programs that benefit local schools or provide disaster relief. Incentive programs of this type can also do wonders for your brand’s reputation.

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  • 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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