Leading corporations through the travel management maze
Article Abstract:
Employee business travel takes a significant portion of corporate expenses as a result of the increasing globalization of business. Travel and entertainment is now ranked as the third largest controllable expense of a company after personnel and data processing. Companies that regularly send their employees abroad need to have an effective travel management approach that minimize costs and administration resources. A viable solution is the 'trip-in-a-bag' concept. This practice involves the reengineering of the accounts payable (AP) process through the inclusion of travel reimbursements as another AP category. The 'trip-in-a-bag' concept creates a win-win situation for employees and companies. Employees benefit because it enables them to complete detailed expense reports while companies benefit because it allows them to simplify the administrative process.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1996
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Expanding family benefits makes dollars and sense for U.S. corporations
Article Abstract:
An increasing number of corporations are offering programs aimed at improving the family lives of their employees. This trend is an acknowledgement by Corporate America that a poor home life usually deters satisfactory job performance, which ultimately leads to an unprofitable business. Studies on family and work relationships tend to support this sentiment. A study by the University of Pennsylvania and Williams College revealed that strong families may enable individuals to have the balance and stability they need to help offset work-related stress. Companies are sending their employees to weekend training programs on such issues as marriage or parenting, which are usually used as part of the employee benefit package or as an employee bonus.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1997
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Medicare Catastrophic Act benefits only few seniors
Article Abstract:
The Medicare Catastrophic Coverage Act of 1988 was passed to give the elderly some relief from huge health care costs, but only a few seniors will be affected by the Act. Under the new legislation, retirees are still required to pay co-payments and deductibles for medical expenses. Some changes have taken place with benefits, such as in the area of skilled nursing care facilities which are used after hospitalization, but the program still does not provide for nursing care expenses. In general, the elderly will still need additional insurance coverage to protect retirement incomes.
Publication Name: Credit World
Subject: Banking, finance and accounting industries
ISSN: 0011-1074
Year: 1989
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