Do you travel for work regularly? Regardless of whether you send your employees on business trips, or if you are the employee taking business trips, it is important for you to think carefully about how to maximize the benefits of corporate travel. As the world begins to open up again, a lot of people are starting to travel for business purposes. Furthermore, some people might be a bit rusty. What do you need to do if you want to maximize the benefits of corporate travel? Take a look at a few key tips below, and do not hesitate to reach out to a professional who can help.
1. Use a Travel Credit Card
One of the most important tips you need to keep in mind is that you have to take advantage of a corporate travel credit card. There are plenty of credit cards out there that provide exceptional rewards for people who travel regularly. Regardless of whether you are traveling for business or for pleasure, it is important for you to travel using a travel credit card. Most of the major credit card companies have a card that has been specifically designed for people who fly regularly. You can rack up rewards that you can use for free plane tickets and hotel rooms. If you decide to give these rewards to your employees, you might be able to attract talented individuals who can increase the revenue you generate.
2. Cluster Your Flights on the Same Airline
Next, you should try to cluster your flights on the same airline. If you send your employees on business trips regularly, try to put them all on the same airline. If an airline knows that you commonly book flights with them, they may be willing to give you a bulk discount. Furthermore, you give your employees an opportunity to earn status on a major airline. Then, your employees can enjoy a wide variety of perks, such as access to travel lounges. These perks can make a significant difference when you are trying to increase your retention rates.
3. Consider Getting TSA Precheck for Your Employees
Another important part of corporate travel management is that you should get TSA PreCheck for all of your employees. Presumably, you do a background check on all of your employees before you hire them. There is a good chance that if you decide to hire your employees, they qualify for TSA PreCheck. This is important because you do not want your employees to wait in long security lines, particularly when time is their most valuable resource. If you can get your employees through the security line quickly, they will be able to spend more time working. This can make a significant difference in your productivity.
4. Automatically Track All of Your Travel Receipts
Next, you need to invest in a program that can help you keep track of all of your travel receipts. This is important because you may be able to pay some of the expenses off on your taxes. This is important for your employees and for the company. Business expenses are tax-deductible, so you may be able to save money on your personal taxes as well as the taxes of your business. Of course, whenever you are thinking about claiming tax deductions, it is important for you to reach out to a tax professional who can point you in the right direction.
5. Educate Your Employees on Prohibited Items
Finally, remember that traveling is expensive. You may have some employees who have never been on a plane before. Therefore, you need to take a few minutes to educate them on prohibited items. You do not want them to make the mistake of putting a valuable item in their carry-on bag only to realize it is not permitted in the security line. Remember that regulations can change quickly, and different countries have different rules about what you can bring through security. You need to stay up-to-date on the latest rules and regulations in all jurisdictions in which you travel. Then, make sure you keep your employees apprised of any updates. This is another trick for expediting their trip through the security line.
Maximize the Benefits of Corporate Travel With This Advice
There are some situations where corporate travel is necessary, but it doesn’t need to be as expensive as everyone makes it out to be. Make sure you travel on the same airline whenever possible. You should also talk to your employees about how to expedite the security process. Finally, if you are looking for a way to save money on business travel, consider reaching out to a professional who can take a look at your books. That way, you can figure out how you can save money, shorten travel times, and increase your profit margins.
