It has been proven that incentive programs dramatically increase performance. In fact, the return can be as high as four or five times that of other capital investments. Many companies achieve their objectives and improvement in performance simply by organising an incentive program. Tangible rewards, such as travel, are more motivating simply because the participant is seduced into an exciting visualisation of what is in store.
A trip away can be extremely effective at motivating employee performance. Incentive events have long been recognised as an influential tool in achieving business objectives. Even those participants, who do not achieve their goals during an incentive event, have gone on to perform better and have learnt fair and clear lessons towards their progress. By implementing a strategic program, your team will achieve your financial goals.
Where to Go
Choose somewhere that has unique characteristics that will leave a memorable impression on the attendees. Exotic locations, hinterland hideaways or even short cruises are some of the choices you have. Engage in expressive team building exercises such as abseiling, a bridge climb or zip lining. Other activities could include world class cocktail making, golf or excursions.
There are companies that specialise in corporate event gifts. Provide participants with something they would not purchase themselves, that way its value will always be associated with the incentive event they took part in. Do not reward anyone with something that is consumed quickly. It will quickly be forgotten and will leave no lasting recognition. The right award can add enormous value to your event experience.
Heavily promote your company to remind participants why they are there and also, to keep associated as a group. Have polo shirts and journals printed with the company’s logo. Other products to encourage participation and motivation include printed caps, satchels and promotional keepsakes. Design a promotional theme with banners, on food and on rewards and this constant reminder will encourage attendees to become team players. Leaders in organised activities will unknowingly stand out.
A printed program is something attendees can refer to throughout the program and will also be a reminder keepsake of the incentive event of a lifetime they have just participated in. An event management company can organise cost control, individualised attention, customise the event and travel arrangements and will negotiate with suppliers to provide the highest level of service at all times. Program managers can be provided to assist with the smooth transition and execution of events throughout the entire program.
Employees are continually looking at ways to retain and reward good staff. A properly organised program of incentive events can be the strongest motivational tool ever put in place by any company. Try to make the rewards have some personal meaning for employees. Studies have, in fact, proven that employees respond to incentive programs with increased productivity and loyalty. This is more than an event, this is a great way to promote your business and build strong relationships along the way with participants.