Whether you provide your employees a Top 100 place to work, or are
in an industry that demands low pay and tough working conditions, incentivizing
your staff can be difficult. Consider this example of the power of travel
Every year thousands of young men and women apply to be flight
attendants — why? They have long hours,
cramped conditions, generally unhappy customers in the best of weather and very
unhappy when bad weather hits. The
reason is that when they clock out, they could find themselves somewhere
amazing, and being paid for it.
Whether serving drinks at 30,000 feet or selling your latest
product, travel is a huge motivator.
Cash bonuses fade quickly, but provide an experience that makes someone
feel something as emotionally satisfying as travel can be — and you'll have a
much more dedicated and motivated employee.
For many companies, incentive travel is offered if certain
objectives are achieved. For others,
travel is a longevity reward or a team building benefit (see our section on
- According to the U.S. Travel Association, for
every dollar spent in travel, businesses will see revenues increase by an
average of $12.50, resulting in an average profit increase of $3.80. There are very few investments that will
return 380% profit, but travel is one of them!
- Incentive programs have been proven to
increase sales, boost productivity, retain employees, hold on to top talent,
promote teamwork, and decrease turnover.
- The International Society for Performance
Improvement has found that incentive programs often increase the individual
performance by 22% and team performance by 44%.
A well-designed travel incentive program will have a lower
out-of-pocket cost than a similar sized wage-incentive plan. A cash bonus can easily get overlooked when
it goes to pay bills or lower debt. Give
your staff member a fabulous vacation and they will return grateful and with
pictures that remind them of how great it is to work for your firm.
Would you like more information about TravelPerks Business services? Click here:
Or call Gary E. Smith directly at 541-349-0036 x 222