Incentive Trips with Purposeful ROI

Guide

The Importance of Purposeful ROI
Ideas for Incentive Trips with Purposeful ROI
Examples of Incentive Trips with Purposeful ROI
How We Can Help

Incentive trips are an incredible reward, a great learning experience, and an amazing benefit to any team. When thinking of ROI for events, we tend to think of figures and numbers.

But, numbers aren’t the only thing that improves through an incentive trip. Your trip’s ROI can mean a refreshed, satisfied team or a team that is motivated to go above and beyond the next year. Whether it’s a corporate retreat or an employee appreciation event at a faraway place, the human factor is vital as well.

If you’re interested in incentive trips with purposeful ROI, you’ve come to the right place. In this article, we’ll explore different benefits for different trips, as well as ways they can boost your overall ROI.

Incentive Trips with Purposeful ROI - Incentivizing Sales Teams with a Game Day

The Importance of Planning Purposeful ROI

Purposeful ROI for incentive trips goes beyond just measuring financial returns. It acknowledges other ways your company can benefit from the trip, be it through employee morale, increased sales, employee retention, or employee wellness. Every trip’s purposeful ROI will look different, depending on what the company and the team need.

Knowing first what you want your team to get out of your incentive trip will help you coordinate a location and activity or theme. From formal galas at ballrooms to alternative reception venues, we will find the perfect spot for your event. Whether you’re looking for an Austin event planner or one based in New York, we have offices from coast to coast.

If you’re looking to promote wellness and work-life balance through a company culture event, a seaside getaway in California may be perfect for you and your corporate health and wellness retreat. If you’re looking to host a skills development trip with interspersed activities and experiences, hosting it in New York City may be optimal.

Let’s explore some ways for you to hone your purposeful ROI and make the most out of your incentive trip.

Purposeful ROI in Incentive Trips - Promoting Wellness

Understanding Purpose:

Understanding the purpose of your trip goes hand in hand with defining your goals. Take some time to identify the specific aims of your incentive trip. Are you aiming to boost sales, improve employee engagement, enhance leadership skills, or strengthen team collaboration? Having clear goals helps you choose activities and locations that support them. Your company’s values and mission will also play a role in plotting out the purpose of your trip. A volunteer trip for a sustainability-focused company, for example, demonstrates purpose beyond just rewarding performance.

Measuring Beyond the Numbers:

For incentive trips with a purposeful ROI plan, measuring beyond numbers is important. Sheer numbers are useful in their own right, but measuring the success rate of your indirect benefits is equally important in telling if your incentive trip was successful.

To measure the success rate of your incentive trip, consider the following.

Direct benefits: Track tangible outcomes like increased sales figures, improved customer satisfaction, or reduced turnover after the trip. Did the trip directly contribute to these improvements?

Indirect benefits: Measure intangible benefits like employee morale, engagement, teamwork, and company culture. Surveys, feedback sessions, and performance reviews can help gauge these improvements.

Long-term impact: Consider the long-term impact of the trip. Did it foster lasting connections within the team? Did employees gain valuable skills or experiences they can apply to their work?

Additional Tips:

Quantify whenever possible: Even intangible benefits can be measured. Track volunteer hours, survey employee satisfaction, or assess team performance after the trip.

Combine qualitative and quantitative data: Use surveys, feedback sessions, and focus groups to understand the subjective impact of the trip alongside measurable outcomes.

Focus on long-term impact: Consider how the trip can benefit your company beyond the immediate reward.

Set clear goals and objectives: What do you hope to achieve with your incentive trip? Once you know your goals, you can plan the right trip to help you achieve them.

Align your trip with your company culture and values: Choose activities and locations that reflect your company’s values and mission statement, like sustainability at corporate events during it.

Get employee input: Ask your employees for their input on what they would like to see and do on the trip. This will help you to create a trip that everyone will enjoy and find valuable. Consider including questionnaires in your event registration about your team’s preferences.

Measure your results: Track the impact of your incentive trip on your employees and your company. This will help you to determine whether the trip was a success and to make improvements for future trips.

Purposeful ROI for Incentive Trips: Team Bonding & Appreciation

Ideas for Incentive Trips with Purposeful ROI:

Volunteer Trip:

Builds social responsibility, strengthens employee bonding, and enhances public image.

Combine relaxation with giving back by organizing a volunteer trip to a destination where your employees can help build homes, plant trees, or conserve wildlife. This not only boosts employee morale and engagement but also strengthens your company’s social responsibility efforts. Team building charity events like this serve to give back to the community while also helping your team hone important skills in both the workplace and at home. See more ideas like this in our list of corporate team building activities in the Bay Area.

Ideas for Incentive Trips with Purposeful ROI: Volunteer Trip

Wellness Retreat:

Reduces stress, improves productivity, and creates a more positive work environment.

Promote employee well-being by taking them on a corporate retreat to a destination with plenty of opportunities for relaxation, yoga, meditation, and healthy eating. Corporate wellness experiences can help to reduce stress, improve productivity, and create a more positive work environment. These, in turn, boost your ROI on the event long after it’s done by encouraging your team’s health and growth.

Adventure Trip:

Boosts team spirit, improves problem-solving skills, and builds trust among team members.

Challenge your employees and build team spirit by taking them on an adventure trip that involves activities like white-water rafting, rock climbing, or hiking. This can help to improve communication, problem-solving, and trust among team members.

Nevada is an excellent place for adventure incentive trips. See how this company took their team on an adventure in the Las Vegas desert during a conference!

Skills Development Trip:

Enhances employee skills, boosts confidence and motivation, increases employee productivity

Invest in your employees’ professional development by taking them on a trip to attend a conference, workshop, or training program in a relevant field. This can help them to learn new skills, stay up-to-date on industry trends, and network with other professionals. Destinations like New York are prime for immersing your team in workshops while also offering plenty to do between training sessions. Conference and event management companies are the best professionals to contact if your planning your own internal conference to manage the logistics.

Sustainability Project:

Enhances team spirit, creates a sense of environmental responsibility, increases employee engagement and morale

Partner with a local organization to work on a sustainability project in a new destination. This can be a meaningful way to give back to the community and make a positive impact on the environment. Whether it’s through the growth of your team, or by encouraging sustainability measures in their lives, sustainability projects are an amazing source of purposeful ROI.

Incentive Trips with Purposeful ROI: Celebrating Your Team

Examples of Incentive Trips with Purposeful ROI

Incentivising Sales Teams

To incentivize their sales team, this company hosted an incentive trip during their annual sales meeting. The trip took their team out to Coors Field, where they were treated to VIP finery while watching a Rockies game. This event served to boost sales performance and employee morale for the coming sales year, as well as strengthen their sales team and boost employee retention.

Promoting Employee Wellness

This company promoted their team’s wellness through a destination incentive trip to Will Rogers State Beach. This seaside getaway served to not only give back to their team but also motivate their team and hone their collaborative skills through activities. This incentive trip’s ROI focused on improving company wellness, building a stronger team, and motivating employees.

Boosting Company Culture

To celebrate the release of their latest video game, this company held an incentive trip for their team in San Francisco, California. This trip not only served to promote their game and give their employees the recognition they deserved but also boosted their company culture. This trip’s purposeful ROI centered around increasing their team’s productivity and creativity, fostering their collaborative company culture, and celebrating their team and their latest creation.

Incentive Trips with Purposeful ROI: Beach Day for Incentivizing Sales Team

Purposeful ROI Enhanced by the Right Event Management Agency

When planning an incentive trip with purposeful ROI, there’s one thing you want in your corner: an experienced event management agency. With our all-inclusive approach to event planning, we handle everything needed for your incentive trip from booking to destination management and coordinating VIP experiences for your team. We’re experienced in boosting ROI, and our event managers tailor every aspect of your incentive trip to your mission and your team. To get started, fill out the form below. Our event coordinators will ensure your incentive trip’s purposeful ROI goes above and beyond its quota.