Many businesses still don’t think they can afford an incentive program. But when you look more closely at the many benefits of creative travel rewards tied to employee performance, it’s clear that most businesses can’t afford not to have an incentive travel program in place.
1. Inspire your employees
Hopefully your employees find enjoyment in their work. Maybe they even find fulfillment. Even so, a creative incentive travel program always gives employees something extra to strive for when they’re tempted to fall into a rut. When employees know that their company is ready and willing to reward their hard work, they don’t feel like they have to do their best—they want to.
2. Get more bang for your buck
Nobody is going to complain when they receive an extra check from their employer, but that check will likely be saved or put toward living expenses. In other words, cash is boring. For the same amount—or almost always less—you can give your employees the gift of adventure, romance, and friendship. Through incentive travel, you connect with your employees on a much deeper level dollar-for-dollar than plain old cash.
3. Reap the rewards of higher performance
What behavior do you want to encourage in your employees? How can you measure it? Incentive programs are often tied to hard sales numbers, but they can also reward more intangible employee contributions such as excellent customer service, punctuality, and positive energy that can be measured by performance reviews from peers and supervisors.
4. Help your employees work together
When children play with one another at recess, they are also learning how to interact with one another. The same is true of adults when we socialize together, albeit on a more sophisticated level. Traveling affords employees who may only know one another in a more buttoned-up context countless opportunities to bond and develop their relationships. When they get back to the office, they find that their communication has improved as a result of mutual appreciation and respect through their shared experiences on the incentive program.
5. Boost the health of your employees
Even the biggest workaholics need a break to recharge now and then. Corporate travel allows employees to celebrate their successes together as they catch their breath and unwind. It’s a very healthy way to achieve psychological and physical well-being, and it translates into continued growth and success when they return to work — continuing their effort to contribute to the corporate goal.
6. Increase employee loyalty and retention
Every aforementioned benefit will improve your employees’ attitude and morale. Many more of them will not want to imagine leaving the company and will do everything they can to contribute their talents to the company’s success.
7. Turn employees into evangelists
When people are enjoying themselves, they can’t help but share the love. Particularly in this age of social media, employees are going to post pictures, videos, and status updates that do more than show off their tans—they show off your company’s dedication to its employees, as well.