More from Our Productivity Index: Travel Spending is Up

More from Our Productivity Index: Travel Spending is Up

The first infographic we created from data in our new Replicon Productivity Index showed how employees used their days-away-from-work. Now we’ve focused on another area of the data, seeing how companies spend their travel dollars. You hear and read a lot about how the current economy is causing companies to look for ways to cut expenses, including reductions-in-force, hiring and pay freezes, and in some cases curtailing or even eliminating business travel. But as shown in our new infographic, companies are not necessarily spending less than they could for travel. In fact, their on-the-road expenses appear to be rising quickly.

Some findings: On average, the cost of a flight for business travel is $440. That’s over 25% higher than the average cost of domestic airfare.Hotel stays account for 22% of companies’ travel budgets. Maybe that’s not surprising, but it seemed a bit of an eye-opener to discover that entertainment expenses amount to just 2% of travel outlays. So perhaps companies are getting down to business out-of-town without much wining-and-dining!

Have a look at the travel infographic here, and see how your costs compare.

Replicon productivity Index

Avatar
ABOUT THE AUTHOR
Replicon
Replicon provides award-winning products that make it easy to manage your workforce. With complete solution sets for client billing, project costing, and time and attendance management, Replicon enables the capture, administration, and optimization of your most underutilized and important asset: time.
Get started today.
Set up a free trial based on your business needs. Start Free Trial

Global Compliance Desk – Ireland

New Unpaid Parental Leave Entitlement The Parental Leave Acts allow parents to take parental leave from employment in respect of certain children. Under the Parental Leave Act 1998, parents of…Read More

Global Compliance Desk – Germany

Annual Leave Entitlement During Unpaid Special Leave  An employee who is continuously on unpaid special leave for a calendar year is not entitled to holiday leave in the absence of…Read More

25 Employee Payroll Tips for Small Business Owners

Recruiter | July 05, 2019 By Lakshmi Raj, Co-Founder and Co-CEO, Replicon Payroll can be a challenging task for any small business but with the right tools, it can become…Read More

Employee time tracking is dead

iBeacons, Bluetooth Low Energy, Proximity sensing and the obsolescence of time tracking as we know it. Businesses have to track the time their employees work for a variety of reasons,…Read More

How Sarbanes-Oxley Impacts HR Departments

Ever since the Sarbanes-Oxley Act (SOX) was passed in 2002, following a spate of high-profile corporate scandals, companies have had to take a wide range of precautions to ensure that…Read More

Reducing Absenteeism with Effective Time Management and Absence Tracking

Workplace absenteeism is a major concern for American companies. According to the US Bureau of Labor Statistics, unplanned absences cost American businesses an average of 2.8 million workdays every year,…Read More
  • Cloud
  • In The News
  • Corporate
  • Professional Services Management
  • Project and Program Management
  • Shared Services Management
  • Time and Attendance Management
  • Workforce Management
  • Customer Feature
  • Feature Update
  • Time Intelligence
  • Industry News
  • Webinar Recap
  • Global Compliance Updates
  • Chat with us
    How can we help you?