This blog is about travel incentive programs
With regard to viable incentive programs and their benefit to almost every application, when compared to cash, merchandise, and gift cards, travel reigns supreme. Elite has innovative programs that produce priceless results for every business budget.
Unlike other traditional programs, travel offers more flexibility and perceived value for your participants, and this in turn creates a much more dynamic scale of predictable results. Also, travel itself is far more than a static award, as it truly is a personal experience that creates memories and life enrichments far beyond the award period. Travel Incentives from Elite perform in this superior degree and represent the highest ROI of any available incentive program.
Let Elite Incentive Travel Design Your Dynamic Program Today!
Unlike cash, gift cards, or merchandise, travel is not considered as "compensation" in the perspective of employees or program participants. Employees view cash incentives and awards as part of their annual compensation, and because those dollars just become part of what is taken home, there's really nothing "special," nothing memorable, so there's no lasting effect relative to the dollars inversted. Travel Incentives offer more than a highly valued and desired reward, they offer a lifestyle opportunity for employees and their family.
Travel Avoids "Buyer Remorse"
Many noncash incentive awards are considered luxuries, and earning them through hard work can give employees a sense of achievement - as well as soothing their consciences. The figures themselves don't lie: the majority of responding employees polled preferred to have the opportunity to receive travel than cash or merchandise, citing that these types of incentives were often "petty" or "irrelevant."
Travel Has Singular "Trophy Value"
Travel awards have intangible worth to individuals that can significantly outweigh their actual cost. Cash and merchandise lacks trophy value and social reinforcement attributes that increase the perceived value of the [noncash] award over cash. The trophy value associated with noncash incentives is immense and Incentive Travel leads the way in achieving this status. Incentive Travel can even have a positive effect on other employees who didn't reach their goals and take home the award (if so structured), spurring them to renew their efforts.
Travel is Highly Promotable
You cannot promote dollars or merchandise beyond their static perceived value, but you can improve behavior by prominently promoting travel the people that actually earned the reward. You really can't bring people across the stage and hand out the [giant] golf checks - that's just something that's culturally not acceptable. But you certainly can bring them across the stage and shake hands with them and say, 'This is a President's Club winner, and we're going to take everybody that's up on stage to have dinner on a glacier in Alaska.' That promotability can figure heavily into the program's eventual return-on-investment (ROI).
Travel is Highly Personal
Everything about offering an Incentive Travel Program is personal, and has broader effectiveness in producing the results than any other choice of incentive. When you choose Incentive Travel, you are demonstrating that you are looking beyond mere cash values and are offering an opportunity to enrich one's life, even to the benefit of families. This benevolence has a greater impact and far longer residual benefits than any other incentive program.
Travel is a Universal "Fit"
A properly designed Incentive Travel Program will offer more individual choices and variables to address the many different preferences of participants, all at one great price to satisfy the needs of the company, and thus represents a greater ROI than other programs or types of awards. Additionally, travel itself is valued higher than the actual cost, far unlike the newest electronic gadget or a gift card.
Managers Prefer Travel Over Cash
A recent study showed that managers prefer travel rather than cash for employee recognition programs. Managers view noncash travel awards as "more important, more effective and generally superior for achieving the majority of specific organizational objectives." It is well-known throughout the incentive industry that travel that rises to the top of every list!
Travel Offers Global Parity
Companies with worldwide footprints need to make sure their award offerings are equal on a global scale, in any economy, and to include diversity of the organization. Travel awards allow companies to offer parity in terms of the overall worth of the award. Additionally, travel awards can be customized to local, regional, or other specific trends or tastes, thus able to meet a greater set of needs with greater satisfaction for all possible participants!
Travel is Transparent and Renewing
Companies with the genuine understanding of incentives agree that the benefits of travel far outweigh other options beyond the immediate appeal and metrics they generate becoming visible dynamics that provide an enviable model beyond the confines of the oganization itself. Travel events themselves are promotable distinction, serving as occasion to "brand beyond borders" overall. Travel proves worthy even to repeated destinations, as time itself allows for changes to become nuances of progress to marvel and amaze!
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