What Is an Incentive Trip, and Do They Work?

By | Last Updated: 4 August 2022

If you ask your employees to work harder to meet a target or to take on a role above and beyond their salary, they may wonder how they will benefit. An incentive trip can answer this question. Incentive trips provide rewarding experiences for employees that have exceeded expectations and propelled the business forward. Targets backed by an unforgettable luxury experience will push employees to work harder to get the final reward. An incentive trip benefits both the business and the employee.

What is an incentive trip?

At its core, an incentive trip is a way to reward employees for their hard work with an unforgettable experience travelling abroad. Some incentive trips take the core management team or board of directors only. Other companies host incentive trips and invite the entire company to join in on the experience. On occasion, employees can bring partners along to enjoy the trip together as a family.

Do employees value this reward?

Incentive trips provide employees with the opportunity to travel to a new destination and participate in activities they may never have the chance to experience again. This type of reward is invaluable to many employees; it will motivate them to work harder to achieve their targets. If you’re unsure whether your employees would value an incentive trip, you could send out an anonymous survey to those who would be involved. This way, you can get feedback directly from your employees before starting the planning process. However, only do this if you’re prepared to go ahead with the incentive trip. Employees might feel disheartened and let down if the idea is proposed and never followed through. We assure you that most employees will say yes to an unforgettable, paid-for experience abroad.

How to plan an incentive trip? 

Planning an incentive trip for a few or hundreds of employees can feel daunting. There are so many aspects that need to be organised and arranged to provide an excellent experience and reward. Without event management expertise and experience, organising such an event is very difficult and time-consuming. Destination management companies can do the hard work for you; they use their expertise, connections, and experience to provide companies with incentive trips regularly. All of the hard work is taken off your hands and completed by experts. You can relax and enjoy the experience, knowing that everything has been covered. Destination management companies are based in a variety of locations, some provide incentive trips all over the world, and others specialise in a single destination. Take, for example, destination management for Malta; several companies can provide incentive trips in Malta, both based in the UK, US, other countries, and Malta. Choosing a destination management company based in Malta will provide your business with the most authentic experience, best deal and the most promising solution for your requirements. Using a destination management company can also help with insurance purposes; most DMCs are insured if anything goes wrong. It is also good to look out for a DMC that can provide advice and support, with a staff member on hand 24 hours of the day during the incentive trip. 

Wouldn’t money just be easier and more rewarding?

You might wonder if providing your employees with a bonus for their hard work would be easier and something they would appreciate more. Cash bonuses are often spent on mortgages or mundane payments, which are easily forgotten. An incentive trip is completely different; it provides employees with memories and an unforgettable experience. Employees are much more likely to remember the trip compared to the bonus they received and what it was spent on. Incentive trips can also bring employees together outside of the workplace and enable them to form new relationships that can benefit the business. Providing employees with a break from work will also allow them to rest and recuperate; when they return to work, they will be more motivated to continue their efforts and work hard for the company. 

Providing employees with a bonus as an incentive is the easiest way to reward them, requiring very little effort. However, to improve morale and deliver an unforgettable experience, companies should consider an incentive trip.

Resources:

DMC Malta - Buy Me a Coffee
MICE Malta - Hashnode
Team Building Activities in Malta - Journo Portfolio
Malta Venues - TechPlanet

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