Corporate travel ground to a halt around the world, with businesses forced to cancel all travel as they grappled with the profound financial implications of a global crisis. This has catalyzed new ways of thinking across many industries. In addition to the apparent health and safety concerns, the proliferation of remote meeting tools, tightened budgets, and increased environmental awareness have changed how companies think about travel. As a result, previous corporate travel policy best practices are now irrelevant and ineffective.
However, as restrictions lift and borders reopen, companies consider when and how to reintroduce travel. The recovery of corporate travel is likely to be slow; however, travel managers should now be rethinking best practices within their companies’ policies, introducing new, dynamic features backed up with data-driven insights.
Corporate travel policy best practices are likely to feature several themes:
Companies will use a phased approach for reintroducing travel
When looking at how to reintroduce travel to employees, many companies will use a phased approach. Restrictions on travel vary between countries, and long-haul travel may need to remain off-limits due to the higher risks and costs it creates. Companies may, therefore, choose to limit travel to domestic, essential business trips during the first phase.
As the situation improves, a second phase could focus on reopening non-essential domestic travel, and a third could introduce travel within safe “bubbles.” A final step would see all travel reintroduced to an organization. With this, travel policies should contain heightened duty of care practices to enable employees to travel safely once again.
Effective travel policies must balance the duty of care with financial implications
Due to the unpredictable nature of travel, automation is likely to play a more central role in travel management policies. Governments worldwide are tightening and easing various travel restrictions constantly – with each country taking a different approach. This makes it increasingly difficult for travel managers to make continuous, timely changes to their policies. Instead, companies should introduce automatic features in their policies that correlate elements – such as price limits, booking time frames, flight durations, authorized flight routes, and permitted cabin classes – with the latest situational developments. An intelligent corporate travel policy will base these features on robust industry data, which can help travel managers understand their impact on company budgets.
Automation will update travel policies in real-time
Due to the unpredictable nature of travel, automation is likely to play a more central role in travel management policies. Governments worldwide are tightening and easing various travel restrictions constantly – with each country taking a different approach. This makes it increasingly difficult for travel managers to make continuous, timely changes to their policies. Instead, companies should introduce automatic features in their policies that correlate elements – such as price limits, booking time frames, flight durations, authorized flight routes, and permitted cabin classes – with the latest situational developments. An intelligent corporate travel policy will base these features on robust industry data, which can help travel managers understand their impact on company budgets.
Flexible fare costs must be controlled
The unpredictable nature of travel means that businesses value flexibility from travel suppliers more than ever. As a result, airlines are focusing their marketing efforts on flexible fares. However, flexibility comes with a higher price tag, creating additional costs for corporations. To keep costs from airfares low, travel managers should consider working with Oversee, which can provide insights into corporate travel policy decisions – such as an airline’s advanced purchase policy and lowest logical fare policy. If the price of a booked flexible fare goes down, its intelligent technology can detect this, and the fare can be rebooked at the new price.
Communication is critical
Corporate travel policies should incorporate emergency response practices if border closures or quarantine restrictions happen during travel. Measures should be in place to support employees in this situation. Employee contact details must be kept up-to-date so that companies can relay reliable, real-time information to them. Travel managers will need to work closely with departments such as legal, HR, and communications to regularly prompt staff to check their details and download any extra communications software required by your new corporate travel policy.
Focus on adoption
Previously, it was likely that many employees weren’t even aware of certain aspects of their companies’ travel policies. However, it is now crucial that employees buy into new features. One way to increase adoption is to experience can be safer and more comfortable.
