Is an Efficient, Employee-Friendly Travel Program an Oxymoron?
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The 44% last-minute booking premium provides a quantified basis for travel policy design, and options such as preapproval, reminder emails, and incentive programs involve trade-offs between cost control and employee experience that travel managers should evaluate.
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- SAP Concur BlogIs an Efficient, Employee-Friendly Travel Program an Oxymoron?
Citing the Cost Saving Methods for T&E Expenses guide co-created by Concur and Rocketrip, the article explores how to build an efficient, employee-friendly travel program. It notes that tickets booked fewer than seven days before departure cost an average of 44% more than those booked 15 or more days in advance. Requiring trip preapproval would cut last-minute travel spending but create more work for managers; a less drastic option is scheduling recurring reminder emails for employees to book a month ahead. The article argues T&E is one of the largest controllable expenses and also one of the most difficult to manage, because normal price considerations don't apply for reimbursable business…