Tips for Setting up Cost Effective Travel Incentive Programs for Your Employees

More and more people are choosing to save money for travel and leisure purposes. You won’t have a hard time looking for at least a dozen people in one company who are saving a part of their monthly pay checks to go into their future travel funds. Since many people in general are fascinated by the idea of traveling abroad or even locally, it makes sense that this would be a great additional perk to offer to your employees. By providing exciting travel incentives, your employees don’t have to save too much from their income to have the opportunity to travel. And you can definitely expect all your staff to work harder and go the extra mile to reach and surpass their target quotas. As a business owner, it is definitely worth thinking about and coming up with travel incentive programs for your company today. This is because hotel and resort room rates are lower today compared to several years ago, and especially during off-peak seasons. Various hotels and resorts also offer add-ones and special offers that are simply hard to resist yet still quite affordable. Of course, offering a travel incentive program for your employees can still create a dent on your company’s annual budget. This is simply to be expected. But if you plan and set it up properly and strategically, you won’t have to set aside a considerably large sum of money for this new reward system. An incentive program should be planned and implemented carefully. The allocation, targets and profit margins have to be considered when setting it up.  And to make the program more cost-effective and budget-friendly, there are certain tips you can follow. When coming up with the offered get-away incentive, be flexible with the destination options. This a highly useful tip to keep in mind so that you can know more about and take advantage of the different hotel and resort special offers, and you can also cut back on dining and entertainment expenses. Another cost-effective tip you can follow when coming up with the program is to select destinations that are closer to home.You can save some money on airfares when you choose places that are nearer. Do not choose places that are known to be too extravagant or for having high-cost-of-living standards as well. You and your rewarded employees will just end up paying more for the accommodation, food and other expenses that come with going on a vacation in such areas. Finally, choose economy or premium flights instead of business class. The differences in these rates are quite large, and if your employees want to travel via business class, they have to know that the upgrade expenses will have to come from their own pockets.

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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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