The 3 Key Steps to Starting an International Incentive Travel Program

Many companies are still unsure if it is better to offer employees cash or non-monetary incentives. In the past, most organizationsopted to boost employee engagement and performance by awarding their successful workers with cash bonuses and the like.However, today, more and more businesses have started offering non-cash rewards such as international travel incentive trips to their employees. And this decision often leadsto great results.

Business experts say that incentive travel is a highly sought after reward because it is not considered a luxury, but a necessity. It is a potent tool that can help businesses achieve theirgoals, strengthen employee retention, boost performance and foster a culture of considerate motivation and success within the organization.

Having an international incentive travel program can indeed seem interesting, but starting one is not as easy as it sounds. Beginning this type of program, however, always hinges on these three key steps:

  1. Define your objectives. The first step in the development of this initiative is to identify your goals behind running an employee rewards program. Do you want an increase in sales, to achieve higher profitability, or to have team building activities? Once you have considered all your goals, you have to discuss these with your employees. At this stage, it is important to encourage your employees to work hard for the benefit of themselves, and ultimately, of the clients or customers.
  2. Find the essential funding. The next step is toallocate thesuitable budget for funding the incentive travel program. Aside from transferring your budget for your other rewards programs to this one, find out which areas in your business you can cut back on. When the travel opportunity is more lucrative, the more your employees will work harder. When your employees succeed, your business succeeds.
  3. Track your staff’s performance. Create a plan or strategy that will allow you to measure the success of your employees and track their behaviors. You need to find a suitable way toaccurately record their efforts.Once you have come up with this tool or system, you can also discuss this with your employeesso that they understand how this works. By doing this, you can increase your team’s motivation and you can maintain a proper alignment of your business objectives.

Business owners will find setting up an international incentive travel program either easy or complicated. When you are having a hard time planning and implementing this, you can always get help from professional incentive program consultants.

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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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