Every company needs a business travel policy to ensure that travel arrangements are made seamlessly, expenses are kept in check, and employee safety is prioritised. At TravelManor, we’ve helped countless companies streamline their company travel policies by offering strategic insights and expert advice. Whether you’re just starting or refining an existing policy, our experience can help you craft a travel plan that ticks all the right boxes.
A business travel policy is a document that outlines guidelines and procedures for how employees book, pay for, and report on business travel. It serves as a framework to manage corporate travel effectively, ensuring that trips are cost-efficient, compliant with company regulations, and safe for employees.
Having a clearly defined company travel policy for employees saves time and money, minimises confusion, and ensures compliance with corporate guidelines. Here are some of the key reasons every business needs a robust policy in place:
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When designing your company travel policy, there are several critical elements to cover. The best policies provide clear instructions and are easy to follow, which reduces misunderstandings and non-compliance.
Clearly outline how and where employees should book their travel. Decide if bookings will be managed through a travel management company (TMC) or via a company booking platform. Your policy should address the following:
To avoid confusion and overspending, your business travel and expense policy should define what expenses are covered and how employees will be reimbursed. Key details to include:
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Clearly define the rules around which modes of transport employees are allowed to use for business trips. This not only helps manage expenses but also ensures travel remains efficient. Some key points to include are:
A major component of any corporate travel policy is to ensure the safety of employees while they are travelling. This aspect of your policy should cover:
The rising trend of bleisure travel (mixing business with leisure) is something many companies are beginning to address. If your company allows employees to extend their business trips for personal travel, be clear about:
An increasing number of companies are adopting a sustainable business travel policy to minimise their environmental footprint. You can include guidelines such as:
Set clear expectations for the daily allowances provided during business trips. Your business trip allowance policy might include:
Your business travel policy should include processes for monitoring travel compliance. This ensures the policy is being followed and allows for regular reviews of travel spend:
Incorporating corporate travel policy best practices can ensure your policy remains up-to-date, efficient, and relevant:
Creating and managing a successful business travel policy is no small task, but at TravelManor, we're here to help. Our team of experts has years of experience assisting businesses in developing efficient, cost-effective, and safe corporate travel policies.
Whether you need help drafting a new policy or optimising your current one, we’re ready to provide the guidance you need. Contact TravelManor today to learn more about how we can assist in creating a company travel policy that fits your business’s needs perfectly.