Why Travel Benefits Are Becoming the New Must-Have Employee Perk

Almost every company has some sort of employee perk, but are they all worth it?

We live in a world where loyalty and employee retention is crucial in starting and maintaining a business. Employee perks and incentives can help.

But not all employee perks are created equally. Let's find what will work best for you, your company, and your employees.

Understanding Traditional Employee Incentives

Employee perks and incentives are something every employee looks for or looks forward to.

Most companies offer traditional incentives. Traditional incentives can include gift cards, cash bonuses, merchandise, or point systems for rewards.

Traditional incentives can offer flexibility for employees, to a point. Cash bonuses offer the most amount of flexibility, which the employee can use towards whatever they would like. Gift cards can offer the same, but a bit of a restriction depending on the gift card that they have been given. Both gift cards (again, depending on the gift card) and a cash bonus can help relieve immediate financial issues.

However, gift cards, cash bonuses, merchandise, and rewards don't have lasting effects on employees or their families. (Some employers may not be concerned about the employees families, but families are the whole reason why someone works full-time, for some people.) Many of these traditional incentives can be put into pay checks and easily forgotten, or found useless.

Understanding Travel Employee Incentives

Travel incentives are a way for employees to get the break that they need, with their family. Some may argue that the weekends can be used for that break, but employees and their families have the option to leave home (including not stressing about messes), travel somewhere, and create lasting memories with the people they care about.

Travel incentives target the younger generation of people. Gen Z and Millennial employees are wanting to travel more. It's a current trend to go to new places and post everything about the trip on social media. This alone, is a great tool for employee retention.

Another perk to travel incentives are taxes. Many traditional incentives the company or employee are taxed on those incentives or perks. This is not the case for travel incentives.

Looking for some help in finding a travel incentive program?

CultureMiles is a great business to work with for Travel incentives.

How Do Travel Incentives Work?

CultureMiles is a one-time start up fee, and a monthly subscription purchased by the company for employees to use. Once the subscription has started, employees can access exclusive savings on over 850,000 destinations. This includes hotels, AirBNB, cruises, car rentals, and more.

Stay active for 12 consecutive months, employees can earn an Annual Reward Trip at one of 3,000+ destinations worldwide. Choose from beach escapes, city adventures, or resort getaways—all you cover is a trip fee, plus applicable taxes and hotel or resort fees.

Elevating Perks For Employees

Employee retention is crucial. Travel incentives are a great tool to use to help with employee retention. This is a unique opportunity to help employees feel recognized, and enjoy time with their families, and help employees create lasting memories. Ready to elevate your employee perks? Explore how CultureMiles can transform your workplace culture today!