Business travel is an essential aspect of most companies, including large organizations, startups, and other businesses. However, corporate travel is a complex activity involving multiple factors and uncertainties. Further, managing business trip for a large number of employees can be a challenging task in the absence of efficient travel management Read more…
There are multiple expenses an employee may incur while traveling away from home on a business trip. Most travel expenses for business purposes are deductible for tax exemption. The Income Tax act allows tax exemptions to employees and employers on trip expenses by assessing the impact of these travels on Read more…
An employee receives several types of allowances over and above their regular salary. Medical allowance, House Rent Allowance, and Leave Travel Allowance (LTA) are a few examples of such allowances. The allowances are part of the employee’s CTC. The employee can claim tax exemption for the income through these allowances. Read more…
Corporate travel contributes significantly to business growth and the company’s operational costs. Therefore, companies explore ways to facilitate a satisfying traveling experience for employees without impacting the costs’ bottom line. Corporate travel managers and TMCs should also ensure employee safety by implementing travel risk management. A corporate travel program aims Read more…
Employees have to travel to different locations as part of their job profiles in business organizations. Hence, corporates have to book a large number of flights and hotels frequently. To set ground rules for booking of flights, hotels, etc., an organization has to formulate a sound travel policy. The business Read more…
Business travel is crucial to exploring new opportunities, establishing and nurturing business relationships, and providing service to existing customers. Employees must undertake business trips for organizational expansion and growth. Companies have the duty of care obligations to ensure the safety and well-being of their employees who undertake business tours to Read more…
Corporate travel management can be a nightmare for admins and managers, as one has to look after several factors that may or may not be under one’s control. Flight delays, natural calamities, political disturbances, an outbreak of an epidemic, and local unrest are only a few aspects that can devastate the very purpose of business travel. (more…)
Amidst the new safety-first stance opted by almost every corporate organization, they have to deal with a new set of business travel-related challenges. These include frequent flight cancelations, mandatory quarantine on arrival, and extended lockdowns in some travel destinations. Companies have to think twice before planning and finalizing a business Read more…
Business travel is essential for providing efficient customer service, meeting prospective clients, training, and more. Several factors need consideration to ensure smooth and cost-effective business travel. Corporate travel management is through corporate travel managers that work behind the scene to control these factors. These could include deciding traveling costs, making bookings, sharing updates, preparing reports, and so much more. (more…)
Corporate travel is inevitable for the expansion of any organization. However, travel managers can get overburdened by the enormous travel requests of the employees. Hence, hiring a travel management company has become necessary for efficient travel management process. Benefits of corporate travel management companies include a comprehensive booking packages, promising high cost savings and safety of employees. (more…)
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