Why Incentive travel is Top Notch for Motivating Employees
Let’s face it, we all need a little motivation to keep us performing our best. From the time we’re in preschool, we’re getting gold stars and job-well-dones. It’s no coincidence that we are more likely to do our chores when there’s a little cash tied to completing the deal. The same motivation continues into our careers. Only 69 percent of employees surveyed by the Society for Human Resource Management for Employee Job Satisfaction and Engagement felt they were consistently putting all their effort into their work. Whether it’s cash bonuses, awards, recognition, or praise, workplaces need to find a way to incentivize their employees that keeps them motivated and performing to their fullest potential.
Are point systems for free stuff, gift cards, or quarterly cash incentives falling flat? You may want to consider doing more for your sales force or executives. Travel is considered one of the most desirable incentive programs. Not only can a getaway boost morale, but if offered as a team incentive, trips can serve business building purposes as well.
In a survey titled “The Attractiveness and Effectiveness of Incentive Award Options,” 85 percent of respondents said they were motivated by vacation travel incentives, listing business travel higher than cash. Not only do travel incentive rewards encourage employees to put forth extra effort to earn the trips, they can actually generate revenue for your company. Allowing top performers to earn trips through a good travel incentive program was found to increase productivity by 18 percent and produce a 112 percent return on investment, according to the Incentive Federation. Talk about a win-win!
Travel can also be used as an incentive for your executives. Ditch the stuffy meeting room and sandwich trays for a tropical resort or a meeting at sea for your next yearly strategy or vision planning.
Getting off-site for a big meeting can help minimize distractions, boost productivity, and encourage team bonding. It can be difficult to pull an entire executive team from the office and hold their attention for business planning meetings, so adding a vacation getaway to the mix can help maintain focus on the task at hand.
If you think a travel incentive plan is a good fit for your business, a travel agent can help you set up what fits your budget, how employees earn, and capitalize on discounts. Planning a group getaway as an incentive for your entire sales team or want to switch up meeting locations? When traveling as a group, you could earn free cabins on a cruise ship, discounted hotel rooms, and more! You get more bang for your buck- and your teams return refreshed, rejuvenated, and ready to tackle their pipelines or implement new strategies.