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Minimizing Your Employees Travel Expenses
April 1, 2008

Unfortunately not all of our businesses continue to grow from our laptops and PDA’s. At times either we or our employees have to leave the office and that means travel and entertainment expenses. Need help putting some curbs on your business travel spending?

These four tips will cut down on travel expenses and increase out-of-the-office productivity:

  1. Travel policy. Start with a written corporate travel policy. Without concrete guidance on which flights to take, hotels to book and expenses to report, even the most ethical employees will unwittingly make wasteful decisions.
  2. Corporate credit cards. Not only can corporate credit cards help you keep better track of your employees’ business expenses by giving you one consolidated bill, they can also help you out in other areas. Credit card companies have deals with airlines, hotels, and rental car agencies that can get you group and individual discounts.
  3. Shuttle buses. While quick and easy, taxis are not the most cost-effective way for a solo traveler to get from the airport to a hotel or business meeting in most metropolitan areas. Major airports like Atlanta and New York have Super Shuttle and other bus services that average a flat fee of about $12 to $15 to get travelers from the airport into the city — compare that to a $30 or $50 cab ride.
  4. Cellular service. Make sure you choose the cellular service that works best for your needs. If you’re only going to be traveling to big cities, a digital phone should be fine. But if you are going in and out of small towns, you’ll need an analog or a dual digital/analog phone for times when you are out of range. Whatever type of phone you choose, check regularly that you are getting the best rates possible — most cellular phone companies are constantly offering new plans, and most now include long distance charges in the monthly price.

Posted by Shanu Singh Guliani on April 1, 2008 | Comments (0)


Industries: Finance, Operations, Travel

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