Employee engagement has become such a hot “buzz phrase” in recent years that much of the meaning has become lost in translation. However, it is widely understood that engaged employees are strong assets to any successful company. To illustrate this point, consider that “disengaged” employees cost the US economy over $300 billion annually. Incentive travel awards may be a major factor in inspiring employees to achieve continuing success and remain engaged.
Let’s take a moment to clarify why it is important to keep an employee engaged. An engaged employee does not necessarily equal an employee who is happy and content with their job. The term goes beyond these overly simplified definitions. Workers who have an emotional commitment and attachment to the goals of their organization are considered engaged employees. These employees go beyond the call of duty and essentially do whatever it takes to improve company performance. This dedication is why they are so valuable and profitable to their respective companies.
Reward and recognition programs, such as incentive travel, are excellent methods to inspire, reenergize, and motivate employees to achieve organizational performance goals. Incentive travel, which includes group travel, individual travel, and motivational events, is often believed to be the strongest motivator of performance due to the lasting memories and experiences it creates. The journeys these employees are taken on are often virtually impossible to replicate on their own.
Key Finding in Support of Incentive Travel:
- 4:1 Return on Investment – when implemented effectively, travel incentives generally produce this remarkable ROI
- 76% of executives and 80% of past incentive travelers believe incentive travel “significantly impacts employee morale, job satisfaction, and performance”
Incentive travel can be instrumental in engaging your workforce and increasing the bottom line of your organization. Properly and efficiently implementing these programs is the difficult part. The planning, operations, logistics, and site management must be flawless in order to awe the participants. If you’re interested in implementing or revamping an incentive travel program, please visit our website at http://www.jnrcorp.com/ or send us an email at email@example.com.
Source: Incentive Travel Council study “Behavioral Economics of Incentive Travel”