• Saturday, December 4, 2010

    A Corporate Travel Policy That Has Worked

    By Phil Guye


    It's a misconception that employees in your firm who travel on business resent the corporate travel policy. The fact is, workers prefer to know what is anticipated of them and the way to comply with a corporate policy as long as that policy is reasonable and provide them the ability to the things they have to do on the road. So a highly considered corporate travel policy is a profit to the organization and also the business traveler alike.

    Whether it has been directed at you to definitely come up with a corporate travel policy, your vision from the point of view of the company is to create a policy which standardizes business expenses, eliminates waste and surplus on the road and puts a few controls around that area of the company expense picture. Thus there are some definite target areas you need to include in the explained corporate policy including...

    1. Reservations. If you make use of a local travel agent that is searching for the best offer for the company. The greatest rates can be identified as well as taken advantage of however only while ensuring the company traveler's needs to meet the company goal of the journey are satisfied. Requiring that personnel utilize the corporate local travel agent once more isn't severe and it describes for the worker the way to handle the situation.

    2. Use of credit. This is a bit of effort and expensive to create corporate credit cards that you could require your traveling staff to make use of. However by trapping costs to the corporate account, you can get a record of a good percentage of the company costs that the worker is actually taking on. A lot of of the costs of travel for example airline and hotel could be specifically billed back to the business thus getting both the trouble and also the chance for creativeness out of the hands of the business traveler.

    3. Travel rewards. When you have your own corporate travel coordinated by an internal or external travel agency, corporate accounts with the main airlines can be set up therefore the frequent flyer miles can be collected through the company. As such the business may receive those miles and realize those benefits as a significant price reduction on the travel that needs to be paid for.

    4. Daily limits. Your corporate travel plan should communicate clearly to the journeying employee exactly what their limitations are for hotel, car rental and food on the road. You need to head off before it begins any inclination by the worker to visit pricey dining places and enjoy this company trip as some form of all expenses paid vacation. However you also should accommodate some control for the personnel to dine properly while traveling. This particular part of the policy ought to be evaluated annually to revise to recent charges.

    5. Reporting. One of several main issues workers have regarding corporate travel guidelines are that the expense reporting technique is cryptic and hard to fill out. You will give the employee a standardized form that every traveler in the company must complete to get refunded for expenses while traveling. However examine these documents as well as structure your own so the format is understandable and you have categories to cover all types of charges the employee might encounter.

    Together with these common groups, your corporate travel policies should include some control for workers that are faced with exceptional situations. Room and meal expenses may vary widely depending on the location where the personnel need to travel. Therefore you do not wish to arrange the hotel limit to $125 per night since it is realistic to stay in a comfortable hotel for that rate in Lincoln Nebraska yet impose that identical constraint with an employee that need to do business in New york city.

    By creating a policy that in general shields the organization budget yet can also be practical to staff who're concerning the company enterprise, you will have a tool that will aid each company and also employee pursuits and permit business travel to be what it had been always intended to be - a productive company concentrated action which defines the objectives of the enterprise.




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