You naturally want the best performance of your employees so that your business can flourish. If they are not motivated enough to perform, productivity will wane, and the overall performance of the company will suffer. When the morale of one of their fellow employees falls, other employees may start to follow suit. This is because their performance as a team will start to decline and affect their spirits negatively. Soon enough, if the employee is not motivated, either through a raise or other cash based incentives, they may eventually quit.
However, cash incentives don’t always work well as not having a higher sense of self and job satisfaction may be the problem for the employee. Maybe some other incentives apart from money can help the employee feel more motivated. One of these non-cash incentives is that of travelling. Studies have found that productivity increases by up to 18% and increases ROI by up to 112% when an organisation has a robust travel incentive plan in place. But how do you make employees happy whilst getting ROI through travel incentives?
Employees Feels the Anticipation That’ll Keep Them Motivated
When an employee first finds out that they are being sent for a trip on company dime, their excitement starts welling up. This can often stretch for weeks leading up to the trip itself. It is even more exciting as a prospect for someone who has never been on a trip such as this before.
When employees get a chance to go on a paid vacation once more, they are bound to feel excited. There’s an element of surprise embedded in travel incentives as compared to cash because the employees will know what they’ll be spending on. As far as ROI is concerned, when the well being of the employee improves after the trip, they’ll feel more motivated to bring a can do attitude to the table.
Employee Reward and recognition programs are needed because they help to boost morale and performance. They also make an employee more loyal to the organisation. The incentive can be a plus point for you as an employer. If the employee, for instance, gets a chance to move on to another organisation that’s offering considerably more pay but still not enough to offset the experience of getting to travel annually, they’ll choose to stick with you. This will serve as motivation for the employee to become more valuable for the employer.
A Chance to Experience Something Different
Raises and cash incentives can only take the employee so far. They could either pay off their utilities or loans on their credit cards, but that’s about it. When they are incentivised to travel, they’re getting the opportunity to experience something new and make memories and have fun above all. The experience alone will keep them motivated to work to earn such an opportunity again.
They’ll Feel Well Rested and Motivated to Perform
Overworked employees are miserable and it shows. Above all, their productivity goes downhill fast and there’s nothing they can consciously do about it. That makes them less productive over time; their skills may even erode if they’re not given a break. A travel incentive may offer that much needed break so that they can come back well rested and energized to bring in higher productivity with themselves.