It’s not too early to start planning your incentives for the following year. With tax season and the second quarter at our doorstep, now may be the perfect time to prepare your plans for 2015.
All of your plans that are already in place for 2014 may be getting your employees amped up now, but letting them know you have plans to continue travel incentives in 2015 can help that momentum continue.
Now that you know how much money you could potentially bring in with increased sales, it’s important to set aside some of that money to pay for the incentives you have already promised to your employees. You can also look forward to how much money you need to bring in next year to offer the same or better incentives.
Ask employees how they feel this year’s incentives are going? Get input on what kind of travel incentives they would like to see in the future. For example, if you chose Jamaica this year, see if they would prefer Mexico next year. If you didn’t include excursions this year, see if that is a possibility for the next time around.
Getting the input of your employees allows them to feel like they have a say about the rewards they could potentially receive. Find out what’s working and what isn’t and see what they need from you to meet their sales quotas. Would extra training push them to the next level to bring in more sales?
Perhaps your incentives are going so well you need to expand your sales team. This is a great problem to have! Do you need to budget for new employees and additional trips now? It’s time to start thinking ahead and preparing for the future. Here’s hoping you will have an even more prosperous 2015!
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