Dollars and cents of meetings

The Return on Investment of U.S. Business Travel study found that for every dollar spent on business travel, companies realize $12.50 in incremental value and $3.80 in profits.

Some highlights to this study include:

Meetings and Incentives Are Essential to Development of Human Capital

• Companies would need to increase an employee's total base compensation by 8.5 percent in order to achieve the same effect of incentive travel, according to executives.

• The majority of corporate travelers identified internal company travel as key to professional development (66 percent), job performance (58 percent) and morale (56 percent).

• Internal meetings receive the highest marks, with 73 percent of executives indicating a significant impact on employee performance and 66 percent confirming the importance of travel to employee morale.

• Nearly 80 percent of executives indicate that incentive travel has a positive impact on employee morale and job satisfaction; more than 70 percent on employee performance.

Now those are some facts you can take straight to the bank!

You can see the full results at http://meetingsmeanbusiness.com/value-meetings.