5 Benefits of Corporate Incentive Trips

Corporate incentive trips are tools designed to reward employees for the great work they’ve done for the company. It’s a proven method that boosts employee morale and in return, boosts a company’s sales and profits.

Compared to other types of company incentives, trips create excitement and anticipation that can be felt throughout the entire organization. They break the monotony of day-to-day hustle and provides rest especially after a highly stressed season.

Are you still deciding what kind of incentive will best motivate your employees? Read-on to understand further why corporate incentive trips are the best.

1. They have universal appeal.

Every form of travel is highly desirable to any employee. In fact, every employee will not pass up the chance to spend some time outside the office. Even the most highly engaged ones would crave for a holiday every now and then.

The further and more luxurious the travel incentive is, the greater the appeal and excitement it produces. You may think that cash is a better incentive – after all, an employee can buy anything with cash, right? According to research, employees prefer paid time off better than outright cash incentives. Paid time off would include any vacation trips – the more exotic the better. This kind of incentive alleviates a worker’s stress levels and prevents them from experiencing employee burnout.

Furthermore, cash is something they can easily spend and will soon be gone. But an all-inclusive paid vacation? It’s something they will talk about the months – maybe years – after it’s done. Incentive trips create lasting memories and impressions to employees.

That’s why they are more desirable than any type of incentive.

2. They help achieve your business goals.

Incentives are designed to give employees focus on what goals the company wants them to achieve. By creating a clear and measurable goal, then attaching a reward to it, employees will be motivated to reach the goal. They know they will get something out of it in the end.

It’s a win-win situation for both employer and employee. The business achieves their sales target or some other business objective and the employee gets to enjoy the rewards for his or her hard work.

If the goal requires team effort, you’d notice that team productivity and working relations will improve as teams work towards a common goal to achieve the reward.

Whatever business goal you have, attaching an exciting reward at the end – such as an incentive trip – motivates your employees to work hard to achieve it.

Depending on the type of incentive travel you provide, it can also include team building activities. If the reward is for an entire team and they go together during the trip, you can be certain that their effectiveness as a team will improve. The camaraderie will be better and they will be stronger as a team.

3. They increase employee loyalty.

Employees who are rewarded with all-inclusive paid travels, in return, become loyal advocates of the company. They believe that the company looks out for their welfare and sees them more than just a part of the workforce. Vacation is a deep-seated desire in every working individual. Every employee, no matter how seemingly loyal, will desire to get away from the business every once in a while and simply relax without thinking of work duties.

Employers who recognize this basic employee need – and provides a solution to meet it – will create more loyal employees who will be advocates of the company. These employees will also care more about their jobs and the customers they serve. They will also be invested to the business’ success and this will manifest in their day-to-day tasks.

4. They attract great talent.

When prospective employees hear that a company offers incentive travel as one of its perks, they would definitely want to work for that company.

This is great especially when you need to attract high quality employees. Hiring the right talent can be competitive these days. Candidates are also discerning about the companies they work for. They evaluate a company not just for the salary the company can afford to pay, but also for the benefits they provide.

Incentive travel is a great benefit. Not a lot of companies provide this type of reward. Candidates will be lining up for a business with a great incentive travel program. As a business owner, having a lot of candidates affords you the option to select the best ones and ensure that your company will have great workers.

5. They can be tailored to fit any budget.

Incentive travels doesn’t have to break your budget. They can be big or small depending on your business’ capacity to pay for them.

Different employees will appreciate different types of incentive travels. It can be as simple as a fishing vacation to a lake resort or as exotic as an international adventure. It’s important that you tailor the incentive trip to what employees will find valuable and fit it within a realistic budget your company can afford,

Depending on how you create the rewards program, you can come up with incentive trips that are meaningful to the employees and affordable to your business.

Conclusion

Incentive travels are not mandatory for businesses to provide. However, they have far reaching benefits that businesses should seriously consider. Employees will feel more valued if their employers provide incentive travels as a reward for their hard work.

If you’ve decided to adapt an incentive trip for your company, but is not sure how to go about it, send us a message. We would love to help you craft perfect incentive trips that would motivate your employees and fit your budget.

We specialize in creating those unforgettable, luxurious retreat getaways that every employee will be talking about for years to come.