Travel Policy Impact
Because cost is the wrong question
Better Travel Policies Will Cost More
Of course it's going to cost more to give travelers better quality trips. The right question is whether or not these extra costs are worth it. Research shows there are significant benefits, but you need a way to judge this for yourself.
A Travel Policy Impact Model
This one-page Excel model lets you see the net impact of upgrading the travel policy for a company's road warriors. It's free and simple to use...but you'll likely need input from several stakeholders, especially those in HR and business unit leadership.
To download the model, right-click on the image below
This model uses the concept of Value Add. To learn how this is estimated, download the User's Guide. It explains this metric, and offers good context for other important assumptions you'll need to make in the model.
This model uses the concept of Value Add. To learn how this is estimated, download the User's Guide. It explains this metric, and offers good context for other important assumptions you'll need to make in the model.
What's The Impact of a Better Travel Policy?
We estimate that a better travel policy may improve the average road warrior's Value Add by as much as 30%. Much depends on how much friction is in your current travel program, and how much better your new travel policies will be.