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 – Karnataka, India

India: Karnataka Government Permits Shops To Remain Open 24/7  On January 2, 2021, the Government of Karnataka issued a notification that allows all shops and commercial establishments in Karnataka, having…Read More

Want Real Solutions That Help You Manage Expense Tracking in Real-Time? We’ve Got Them.

A comprehensive expense tracker can provide your organization with clear insights into how corporate time and dollars are being spent and help you identify unnecessary costs, strains, time-wasting activities, and…Read More

Project Leaders: Here Are 3 Signs Your Remote Project Managers Are Overwhelmed with Technology

Overwhelmed project managers. They are not hard to find. And if you look closely, you’ll probably find a few right within your organization. As it is, project management is stressful…Read More

Seven critical ways to achieve global project success

There was once a time when managing a project at work was fairly straightforward. Everyone was in the same location, or at most a mere phone call away. You’d set…Read More

Time and Attendance Orientation Guide

In a growing business, the day will eventually come when managing time and attendance on paper becomes both inefficient and risky, especially when trying to balance things like overtime, paid…Read More

Using shared services? These five technologies are a must

As organizations continue to scrutinize operating costs and look for areas to drive efficiencies, shared services centers (SSCs) are a no-brainer. The concept of a multi-function SSC has been around…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates