There are all sorts of cost-effective benefits associated with joining a travel incentive program. A travel incentive program can be a great way to reward your employees and in the long term, a good travel incentive program can go a long way to assisting with staff retention, motivation and wellbeing. Read our quick guide regarding the cost-effective benefits of joining a travel incentive program:
Joining a travel incentive program can increase your staff productivity
Offering a trip or vacation as a reward for successful staff can go a long way to helping increase the productivity of your employees. Employees tend to work a lot harder when there is some sort of prize at stake, and as a result, if you employ a travel incentive program you’re likely to have more motivated and harder working staff, as they have got an extra reason to be motivated and extra reason to work hard.
Joining a travel incentive program can show that you appreciate your staff
Research indicates that people are likely to work harder for management that they like and respect and by installing a travel incentive program at your business to reward your employees, you’re indicating that you have a lot of respect and admiration for the job they are doing, and this is likely to make you appear more highly thought of by your staff. Happy staff generally means happy customers and happy customers often result in good profit for you.
Joining a travel incentive program can increase the profitability of your company
As well as offering a travel incentive for staff, implementing a travel incentive program for prospective customers can often result in increased sales. Once again, if there is an offer of a free holiday or vacation, this is likely to improve the chances of a customer choosing to engage with your product thus increasing the profitability of your company.
Research shows that travel is seen as the most desirable incentive
There are obviously a few different options when it comes to incentive, but surveys suggest that travel is still the incentive viewed most favourably by staff and customers. You could use cash or merchandise as an incentive, but what you’re offering with travel is not just the gift of a holiday but also a memory. Whenever the beneficiary of the incentive remembers that holiday they will also remember the fact that they received it as part of an incentive and this is likely to help them to look favourably upon the provider of the gift.
Travel is universally desired; people always have places that they would like to go, so if you are looking to implement a travel incentive program it’s probably a good idea to allow for a certain degree of flexibility within the program to cater for the differing needs of your recipients.
Travel incentives really do work
Research indicates that travel incentives have the ability to increase sales by 15-20%. That’s a big jump, and if you’re not employing travel incentives you could be missing out on those extra sales. Investigate travel incentives today to maximize your profit and keep your employees and customers
For more information on travel incentive schemes and what they can offer, visit these sites:
- SACP Business Travel Rewards
- About.com’s Guide to Business Incentive Travel
- Travel Incentive Guide
