{"id":430672,"date":"2023-08-15T17:37:36","date_gmt":"2023-08-15T17:37:36","guid":{"rendered":"https:\/\/xceleration.com\/?p=430672"},"modified":"2023-08-15T17:37:38","modified_gmt":"2023-08-15T17:37:38","slug":"incentive-travel-is-a-proven-motivator-for-your-employees","status":"publish","type":"post","link":"https:\/\/xceleration.com\/incentive-travel-is-a-proven-motivator-for-your-employees\/","title":{"rendered":"Incentive Travel is a Proven Motivator for Your Employees"},"content":{"rendered":"\n

You\u2019ve seen the headlines, heard the news stories, and listened to the podcasts. Incentive travel is on the rise. Without question, events over the last few years have changed a lot of employee attitudes toward both work and rewards.<\/p>\n\n\n\n

In today\u2019s labor market, it\u2019s especially critical to achieving business goals that you hire the best talent and find ways to keep them happy so they\u2019ll stick around. Turnover is expensive \u2013 not just the cost of finding and training replacements but also the hidden costs of having workers who don\u2019t want to be there. At a minimum, the latter are not doing their best work, and they certainly aren\u2019t being good brand ambassadors.<\/p>\n\n\n\n

Many changes in worker attitudes have trended toward the negative. But when it comes to incentive travel, employees are more positive than ever. In fact, according to a 2023 survey by the Incentive Research Foundation<\/a> (IRF), 80% of employees who have won an incentive reward place great value on incentive travel.<\/strong> And nearly all employees (99%), whether or not they\u2019ve ever won a reward, perceive at least some value in travel rewards.<\/p>\n\n\n\n

Uniquely Motivating <\/h2>\n\n\n\n

Travel incentives have been used as an employee motivation tool for decades, but they\u2019ve become steadily more popular as employers realize raises and bonuses no longer have the same impact they once did.<\/p>\n\n\n\n

Today\u2019s employees are much more motivated by perks and rewards that are meaningful and personalized. It\u2019s become accepted that employees generally feel even more appreciated and trusted when rewarded with travel incentives.<\/p>\n\n\n\n

\u201cTrophy value\u201d is the ultimate impact of an award or incentive over time. Whether your travel incentives are group or individual, the reason travel incentives are so effective is that they provide high trophy value.<\/p>\n\n\n\n

When asked what performance rewards give employees the highest job satisfaction and motivate them to do their best work, cash bonuses don\u2019t even rank in the top five. The reward types they choose as the most satisfying and motivational are company-paid experiential awards \u2013 travel, event tickets, outings for their family, extra PTO, and similar incentives.<\/p>\n\n\n\n

Individual Incentive Travel<\/h2>\n\n\n\n

The primary reason individual incentive travel is preferred by so many is that the experience offers more flexibility and privacy \u2013 although, with the effort and know-how of an experienced incentive partner like Xceleration, those characteristics can be integrated into a group experience, too.<\/p>\n\n\n\n

In fact, 94% of employees are highly motivated by individual travel incentives.<\/strong> This includes all generations from Baby Boomers through Gen Z. People still appreciate a group travel reward, but it\u2019s not as universally popular.<\/p>\n\n\n\n

Important and Appealing Features<\/h2>\n\n\n\n

High-achieving employees tend to know what they like. When asked what they considered the most important features of an incentive trip, employees in the IRF survey most often chose the following:<\/p>\n\n\n\n