Cheap airplane tickets and cheap vacation packages may be contributing to the return of incentive travel. Also the improving economy is playing a role in more incentive trips being awarded whereby employees achieving outstanding performances are awarded with all expenses paid excursions.
Many companies dramatically reduced or cut out incentive travel rewards in 2008 as a result of receiving government bailout money and not wanting to appear to be frivolous with stock holders money. With millions of employees laid off during the recession, even companies not receiving bailout money wanted to avoid any impression of excess.
With the economy on the upswing, companies are looking for ways to motivate their employees to work harder. Incentive rewards are believed to drive business performance and make employees compete to achieve the best possible results.
Travel incentive programs constructed properly increase revenue. A recent study determined the return on investment for incentive travel is four to one.
We get back so much more than we investThe relationships the winners build, the camaraderie plus theres the factor of other employees looking at these trips and saying, Next year Im going to be there observed Gary Read, Nimsofts CEO. Incentive rewards are viewed as a very attractive carrot your employees can remain focused on during tough economic times. www.cheapfares.com