Best Opportunities for a Baby Boomer Small Business Owner

The Best Opportunities for a Small Business Owner - Vacation Incentives!

Motivating your employees with Vacations Incentives improves individual and team performance. The age old management dilemma asks..."How can I motivate my employees to produce more?"  Now  rewarding employees with Vacations is an option that is available for any business owner and  is being referred to as one of the best small business opportunities. You don't have to be a large company to use Vacation Incentives anymore – they are easy and affordable for all to use.

A landmark study on the $27 billion dollar incentive industry entitled Incentives, Motivation and Workplace Performance: Research and Best Practices, showed that tangible incentives dramatically increase work performance by an average of 22%. The research was sponsored by the International Society for Performance Improvement.

Other findings included:
  •  Incentive programs aimed at individual workers increase performance by 27 percent; when directed at teams,
      the increase is 45 percent.
  •  Incentive programs structured with employee input work best Cash or Vacations -  Which is Better?

You may think the answer is cash. Why? Because it's easy and can be easily spent right?  But…. is it taken for granted?

Incentive Travel could be the perfect incentive program to motivate your staff and is one of the best opportunities for a small business owners. 

Travel has a much higher perceived value and is something people like to talk about, show photos and remember for a lifetime.  Cash incentives are many times spent frivolously and  create no lasting memories.  A week on a Caribbean Cruise will go a long way, so will an All-Inclusive trip to Jamaica.

You can motivate your employees but the bottom line is...how cost effective is it?  Try motivating your employees today with travel. Offer trips to the Bahamas for the top producers. Your employees will talk about the trip and they'll have pictures to share.. This turns into a natural motivator that everyone will want to produce for!

A Discouraged employee affects the entire team in subtle but profound  ways.  Investing in incentive programs that are motivational brings big-payoffs in both the short and long term. Travel,  as an incentive, is the most sought after reward to use when recognizing employees who go "above and beyond".

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