Choosing the Reward: How to Find the Right Incentive for Your Business
Selecting the perfect rewards for your incentive travel program is a task that requires time, patience, and analysis. The reward you choose must be significant enough to motivate your sales team without breaking the business’ budget in order to have the biggest impact on your employees’ productivity and enthusiasm.
Employers can find the perfect balance between employee satisfaction and practical business spending by analyzing two factors: (1.) the kind of people they employ and (2.) the types of incentive rewards available. A proper analysis of these factors can empower company leaders to create a powerful incentive travel itinerary.
Before you decide to send your program winners to Las Vegas for the weekend, it’s important to consider the employees who help run your business. There are many questions that employers can ask to help gain a better understanding of their staff’s preferences and circumstances:
Who are we trying to motivate?
What is their average income?
What is the age range of the team?
Where do they live?
What do they strive for in life?
There are other important factors that need to be considered as well. Do potential winners have families? Could the varying preferences of men and women impact the success of the reward? Will the winners have high expectations or be fully satisfied with a lesser reward?
These questions are all tools that employers should use to understand their teams and to choose an applicable and exciting incentive destination. An incentive travel agency can help to define your employees’ motivational factors, and then plan and organize the perfect travel itinerary.
There are different kinds of incentive programs. Some of these rewards are job-related, such as a new laptop or smartphone that they can use to improve their productivity. Other tangible rewards, like a new car or tailored suit, can also work as a powerful incentive.
However, some of the most powerful and impactful incentive rewards are those that offer memorable experiences instead of tangible items. This is why incentive travel programs are so popular. Incentive travel agencies around the world have helped businesses to increase their employee productivity and satisfaction by offering unique and luxurious vacations as part of their incentive program.
There are several factors that must be present in order for a incentive travel reward to be successful:
Applicable: The travel destination must be somewhere that your employees find exciting and desirable. Otherwise, there will be little motivation for them to work harder and earn the reward.
Selection: Don’t just have one reward. Have a variety of travel destinations that your employees can choose from.
Achievable: To truly motivate your employees, you must set achievable goals. If they feel the goal is unrealistic, they lose motivation.
Businesses that have failed to invest sufficient time and research in discovering what truly motivates and inspires their employees have watched their incentive programs end in absolute failure.
Employers that spend time selecting memorable travel locations that match the needs and aspirations of their team members are overjoyed and astounded at the incredible impact the program can have on their business.
If you are looking for an incentive travel agency that can help you to plan and arrange the perfect itinerary for your employee rewards program, we are here to help. At On The Vine, we help prepare customized individual and team travel packages designed to match the unique goals and preferences of your employees. For more information, contact us today by giving us a call or completing our contact form.