If you think about it, business travel spend can often feel like an employee vs. the business scenario. A company ideally like to see business travellers spend company money as if it were their own, whereas employees may spend more since they will be reimbursed for their expenses on the road. However, when it comes […]
Will flexibility provide you with more money?
Of course, It makes sense.
The idea of giving away with company policy when it comes to T&E expenses probably makes you cringe as you imagine your budget blown in a matter of a few business trips and a careless swipe of the company card.
Providing employees more flexibility with their travel budget is about handing over the control with responsibility.
EzBizTrip creates a predictive budget for every trip based on real-time market prices so you know it is accurate. Expectations are clear when the bar is set from the beginning.
Employees then submit expenses against the trip budget and visuals update to help them estimate how they are doing against the budget at a glance.
While the trip budget is broken into categories such as airfare, hotels and daily allowance and expenses are categorized accordingly, their overall spend is measured against the budget total.
Maybe your employee wants to fly business class.
To fit this into their trip budget they opt to stay with a friend who lives at their destination instead of booking a hotel.
Currently, waiving the hotel for a 4-night stay in London will save around $1,500 alone, freeing up a large portion of the overall budget.
Typically upgrading a flight could be considered questionable, but it takes a lot of time to worry about all the rules currently dictated by common travel policies.
With a flexible trip budget, an employee can fly business class if they like as long as they stay under budget, saving the company money.
Flexible trip budgets allow your employees to take responsibility.
By letting employees own their budget, they adopt a “beat the budget” mentality.
All of a sudden, saving money for the company becomes a shared goal, which in turn will encourage a positive culture around savings.