Oct 13
Companies have offered incentive cruise travel to employees and even partners for years now, but the tightening of budgets has caused some companies to drop their incentive cruise travel plans and other perks. As the economy starts to recover, this could prove to be a critical mistake that might end up in a massive exodus of workers from companies that do not offer incentive cruise travel to those that do.
Here’s the problem: the workers that have not been offered sufficient incentives seem to be ready to leave their jobs at the soonest possible convenience. This means that they are usually feeling under appreciated in the sense that matters most to them: the pocketbook. There are plenty of options to get around this, but paying every worker what they are worth is the most expensive choice. Offering inclusive cruise travel with or without additional duties such as meeting with clients or partners can easily offer a tangible incentive for the whole office.
Incentive cruise travel and be a single or periodic replacement for offering proper financial compensation for dozens of employees during financially lean times. When the bottom line improves, by all means start paying more to keep talent. Until then, consider using incentive cruise travel to keep employees loyal and working hard instead of hardly looking while browsing Monster.com in their spare time.
Tagged with: Bottom Line • Budget • Budgets • Convenience • Critical Mistake • Cruise Travel • Dozens • Economy • Financial Compensation • Incentive Cruise • Incentives • Jobs • Lean Times • Massive Exodus • Monster • Pocketbook • Spare Time • Travel Plans
Aug 05
Travel is one of the best incentives a company can offer employees, partners, potential clients, existing clients, and even suppliers. Travel usually needs to be business-related, but that is actually surprisingly easy to accomplish. If you have not considered travel incentives yet, think about the following:
- Employee Motivation – If employees are starting to look at Monster.com or otherwise job hunt instead of work, then there is a problem. Sometimes it is not practical to solve such problems with increased salaries, but if a seminar might benefit the company then it could prove to be the basis for a great intra-office competition where the top employee or employees get to enjoy a paid vacation on the company dime.
- Customer Loyalty – Everyone in the business community has figured out that there is much more to business than the bottom line. There are perks to consider as well, and those companies that offer perks to suppliers and customers alike find that their shipments arrive with less difficulty and that customers overlook small differences in bids in favor of a name that they know and trust.
- Potential Clients Convert Better – Potential clients often need to be ‘buttered up’ in order to get them to convert. Why not give a sales pitch during 18 holes on a great golf course? Who could resist an invitation like that?
Tagged with: Bottom Line • Business Community • Business Plan • Business Travel • Company Dime • Customer Loyalty • Employee Motivation • Golf Course • Great Golf • Holes • Intra Office • Invitation • Monster • Office Competition • Rsquo • Salaries • Sales Pitch • Travel Business • Travel Incentives • Travel Plan