This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/05/03/why-your-business-needs-a-company-travel-policy-for-employees/
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by Tahnee Perry, Vice President of Marketing at Deem
With your business growing, revenue flowing in, and your team beginning to expand, it makes sense to start looking to the horizon and sending your representatives out to spread the word about your small business.
Whether you’re a consultancy hoping to offer your innovative thinking and solutions to other companies around the world, a construction company looking to expand operations into a new city, or a retail firm deploying buyers and salespeople in a new market, you’re about to start dealing with the complex logistics and overhead associated with traveling employees.
Multinational corporations with employees who travel the globe frequently have dedicated travel management departments whose role is to coordinate travel bookings, collect expense reports and process reimbursement for employees according to the company travel policy – however, the development of a dedicated department may be overkill for a small business whose employees are beginning to travel for the first time.
Rather than establishing an entire department to manage company travel, small business owners should develop a company travel policy for employees that enables and empowers them to book their own travel, report expenses and get reimbursed by the company.
What is a Company Travel Policy?
From the largest Fortune 500 company to the small consultancy firm with five employees, organizations of all sizes implement a company travel policy to manage expectations and expenses when employees must travel for work. A company travel policy is a document that describes:
How and when employee travel should be booked and coordinated (usually either by the employee, by someone in HR, or by a dedicated travel management per… Read More
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