Finally there’s a light at the end of the tunnel! The Great Recession still looms large in the rearview mirror but companies nationwide are well on the road to recovery. If you’re like most businesses, you’re looking for ways to accelerate that process and encourage the kind of rapid, sustainable growth that drives long-term success. The only problem is that your employees have been putting in a lot of extra effort to get you where you are today and, chances are, your budget hasn’t expanded enough to reward them with the big raises they deserve.
You need a way to drive performance and inspire your team to keep your business running in the economic recovery race. You need an incentive program capable of motivating your employees to reach for the finish line without breaking the bank. With that in mind, the Peak Pros™ have compiled a list of five great budget-conscious individual incentive travel ideas guaranteed to excite your employees and jumpstart your business on the road to recovery.
- Certificate Programs — Providing your employees with travel or hotel certificates for hitting their performance goals gives them some much appreciated assistance when planning their personal vacation time. In addition to offering a valuable and flexible performance incentive, certificate programs are an excellent way to control costs and extend your program budget to as many individuals as possible.
- Regional Escapes — You don’t have to fly off to some exotic location or tropical island to escape from the everyday grind. Sometimes the best incentive travel destination is right in your own backyard. By offering your employees an incentive travel experience within driving distance of your location, you avoid incurring airfare costs while still providing the kind of valuable motivation that inspires them to reach new heights.
- Cruises — Since most cruise lines offer a great escape from daily routines at a predetermined all-inclusive price, they are an excellent way for businesses to provide unique and relaxing travel experiences, while controlling overall program costs. Many cruise lines also offer companies bulk discount packages, allowing you to extend the reach of your incentive travel offerings to multiple members of your team.
- Resort Packages — Similar to the all-inclusive cruise, destination resorts have been assembling all-expenses-paid packages to encourage more visitors during the worldwide economic downturn. Even with the recovery underway, there’s still time to take advantage of these package deals and provide your workforce with some much needed rest and relaxation.
- Corporate Meetings — Partly as a result of media scrutiny in the wake of the 2008 financial crisis, many businesses have realized the value of incorporating meetings into their incentive travel programs. Not only does this practice allow you to deduct some of the costs of incentive travel at tax time, it also provides a relaxed atmosphere that inspires and encourages creative thinking, spawning innovative approaches in and out of the boardroom.