The benefits of an Employee Travel Club
The research on the importance of employees taking their vacation days is overwhelming and conclusive. It is a vital component of their mental well being and makes them a more valuable contributor to your company’s success. There is a strong argument to make the taking of vacation days mandatory, especially in light of the fact that 52% of Americans unused vacation days totaling 705 million days annually.
Intuitively we know that employees should come back from vacation with a re-energized and reinvigorated enthusiasm, often with new ideas that come from the perspective a little distance offers. However, that is not always the case. There are many instances where a vacation is unwelcome. Such as:
Not being able to afford a vacation
A 4+ person family crammed into a single hotel room is not relaxing
A feeling that their position in the company will suffer if they go away on vacation
Their work will pile up and be waiting for them when they get back
These are real concerns that have the potential to negatively affect your employees mental state and/or contribute to them looking for a less stressful position elsewhere.
Consider this, most companies will invest large amounts of money in training programs that make their employees a more valuable, and hopefully, loyal resource. Things like; time away from the office to attend courses, reimbursement for the cost of training upon successful completion, and team building events, etc. While this addresses the improvement of skill sets, it does little to improve an employees state of mind. Exhaustion and burnout are common conditions in corporate America, leading to absenteeism, presenteeism (see note below), medical leave, lethargy, and diminishing returns on a company’s investment into their people.
So, what can be done to help offset these issues? Invest a small amount into helping them do the things that they all want to do... vacation like the rich and famous for the same budget that they have already set aside for their vacation.
This is where Paradise Travel Incentives comes into play by creating an “Employee Vacation Club” for your company. This is a way for a company to invest into the mental and physical well being of their team, while driving incredible loyalty, as well as increasing the company's ability to attract top talent.
The way it works is this:
Your company purchases a block of 1,000,000 travel points which can be redeemed at any one of 3,500 of the nicest resorts around the world for week long vacations
The accommodations at these resorts are all studio, 1, 2, or 3 bedroom condos with kitchens
This means your employees have room to relax and have privacy when traveling with their kids. When the lights go out for the kids, the lights can stay on for the adults! That is not the case when crammed into a hotel room.
A 1 week stay in a 1 or 2 bedroom condo ranges between 50,000 and 60,000 points. Thus your block of points of 1,000,000 points represents about 15 - 25 vacations depending on where the resort is, when you want to go there, and how nice the resort is.
Once you have decided how you want to make the points available to your team (there’s a few options), they would book the resort they wish to stay at through our customer care department and pay a small, per point, redemption fee.
Using this program the overall cost is typically between 30-70% cheaper than retail, and with that cost further split between the employee and the company, the price your people will pay to stay in some of the best places in the world is less than they would pay to be all crammed into that single hotel room with 2 beds in it.
Keep in mind that the company’s portion of the cost is a write off and so low that a company of any size can leverage it!
With and Employee Travel Club in place, you create an environment where you are showing that you truly care for, and directly affect the quality of life and mental well being of your people. Now, that may seem an altruistic motive, but that’s not purely the case. This is a win-win proposition, as there are multiple benefits to your company. Those will come in the form of well rested, loyal, motivated employees (with happy wives and kids incidentally), who will also brag about how your company treats them to their friends and peers. In turn this helps to attract top talent to your company.
Of course, if all else fails, you could also simply use this yourself!
Presenteeism occurs when ongoing physical or mental conditions prevent employees from being fully productive at work. ... In cases of presenteeism, team members want to give their best efforts but cannot deliver because of health issues or personal problems.