“What are the benefits of incentive events and to what extent do companies profit from these high expenditures in the area of employee motivation?
This is probably the question that many HR professionals ask themselves when it comes to incentive travel. But is there any truth in the often mentioned increase of motivation? Are employees really grateful for a “work trip” that includes a fixed framework programme? Are incentive events really the key to higher company loyalty? In the following article we will take a closer look at this topic and answer the most frequently asked questions.
1. Do incentive events strengthen the internal motivation of employees?
Yes, indeed, many psychological studies are of the opinion that incentive events have a positive effect on internal motivation. It is not so much about the physical presence of an individual but rather about creating common ground within the team. A joint excursion that offers many activities based on teamwork creates a connection between the employees. This not only strengthens the team spirit, but also creates a personal bond that has a positive effect on other factors.
2. Can I increase the loyalty of my employees to the company with an incentive event?
Loyalty of employees is an important issue and leads to a more efficient and effective work behaviour and ultimately to higher profitability. Loyal employees stand behind their company and the decisions it makes. This is also one of the main reasons for most employees to stay with the company. As a result, it can be said that loyal employees are an asset that forms the supporting pillars of a company. However, how do incentive events affect loyalty? Since events of this kind usually use a high amount of resources, they are valued accordingly. For the employees it is a great feeling to receive a little extra, which reflects the gratitude of the company. Appreciation conveys a feeling of “being needed” and is indispensable for a loyal relationship between employee and company.
3. Are incentive corporate events part of CSR?
CSR refers to “Corporate Social Responsibility” and determines the degree to which the company deals with social balance that serves the public in its daily work. Often activities such as recycling and donation appeals are linked to this topic, but it also includes internal processes and employee handling. Anyone who gives something back to his employees that exceeds the regular salary payments does something good for the community and thus acts in the spirit of CSR. For those for whom this is still not enough, various CSR activities are available during the incentive events. We will be happy to help you find the right activity for your group!
In conclusion, incentive company events can definitely increase group dynamics, employee loyalty and motivation. Your employees will appreciate your effort and investment and will return it to you in the end in an appropriate way. A mixture of adventure, relaxation and fun, forms the best basis for this and will pay off. Furthermore, you are doing something good for the community with a useful implementation of CSR. If you still do not know how or where your trip is supposed to take place, we are happy to help you! Contact us and we will send you an offer tailored to your needs and possibilities. Our creative team with more than 100 years of combined experience in the MICE industry is always there for you! Do you have more questions or want to know how your corporate incentive event could look like? Contact us here, we are looking forward to assist you with every aspect of your planning!