Wednesday, May 28, 2014
Expert to Tips Saving in your Business Trips
Even the biggest organizations have to pay close attention to the costs listed on their employee's expense reports. Corporate travel is an integral part of all successful business plans - but it can also be mighty costly. Employees going out on the road - and the employees sending them - may want to consider the tips offered by experts listed below. These might just help to get the amount being reimbursed to employees by way of expense reports decreasing significantly.
Multi-task whenever possible - it might just save you a trip in the future If you have any free time at all during a business trip, you can see if you can fill it with other work that will offer your employer a larger return on investment for the trip. For example, one seasoned business traveler spoke to monsterworking.com about how they often meet with colleagues in the cities they he travels to on business - even if he wasn't traveling to the city for the sake of meeting those specific colleagues. If that's not possible, the individual advises that travelers visit family or friends instead - basically, he suggest travelers do anything possible to get the most value out of their trip.
"When you go on a trip, you want to pack as many stops in as possible to get the most out of the cost of your plane ticket," Nick Friedman, of moving company College Hunks Hauling Junk, told monsterworking.com. "If I'm going to D.C. for a conference, for example, I'll also stop in to check on our D.C. franchise, meet with potential vendors, and spend time with family and friends in the area. Pack your time efficiently to make every travel dollar count." Don't spend on meals if you don't have to
One of the biggest costs on any given expense report doesn't have to due with airfare, though - it's the total cost of all the meals eaten by a traveling employee during a business trip. So, if they're willing, employees would do well to eat inside their hotel instead of at their destination city's fanciest restaurant. "The big thing for me is to find a hotel that serves a good large breakfast," Steve VanDenAkker, an electronics installation technician, told USA Today. "I usually take a box of cereal or some yogurt back to the room for my night-time snack."
In fact, don't spend on anything if you don't have to Just as you can eat your dinners and other meals inside the hotel, you can also cut back on other factors to keep your costs low. This might me staying in one night instead of catching a big show, or it may mean aligning your flights so that you can stay one less night at your hotel than originally planned. However you cut your corners, the result - a lower overall trip cost on your expense reports - will be worth it.