Hi Gunjan,
I would like to suggest you not to go for any templates. First, please study your company policy regarding spending on business travel for employees. Then, study more about the places they visit for business purposes. Next, study the designations of the employees who travel.
The latest HR policy states that the company fixes a particular amount for each designated cadre/grade, not based on actuals, as this could lead to misuse of the facility by employees. It is advisable to obtain dummy bills for travel expenses and entertainment of business associates, with the amount varying based on the employees' grade.
The company will provide a fixed amount after conducting a thorough survey of all aspects related to the business trip and associated costs. Whether employees stay in a five-star hotel or a lodge does not matter to the company. If not, all arrangements should be made by the company without involving the employees.
Consider these aspects and make decisions in accordance with company rules and regulations. Develop policies that align with your company's environment and the nature of its business.
Thank you,
Shravan
From United Kingdom, London
I would like to suggest you not to go for any templates. First, please study your company policy regarding spending on business travel for employees. Then, study more about the places they visit for business purposes. Next, study the designations of the employees who travel.
The latest HR policy states that the company fixes a particular amount for each designated cadre/grade, not based on actuals, as this could lead to misuse of the facility by employees. It is advisable to obtain dummy bills for travel expenses and entertainment of business associates, with the amount varying based on the employees' grade.
The company will provide a fixed amount after conducting a thorough survey of all aspects related to the business trip and associated costs. Whether employees stay in a five-star hotel or a lodge does not matter to the company. If not, all arrangements should be made by the company without involving the employees.
Consider these aspects and make decisions in accordance with company rules and regulations. Develop policies that align with your company's environment and the nature of its business.
Thank you,
Shravan
From United Kingdom, London
Dear Gunjan,
At the outset, you need to define the need, objective, and scope of the same. Furthermore, you should divide the countries/cities based on the cost of living into two or three categories. Accordingly, define the daily allowance, which may range from USD 750 per day to USD 200. This allowance should cover all expenses such as lodging and boarding. If it is a sponsored trip, you can provide for 50% to 25% of the actual daily allowance. Local conveyance, visa charges, air tickets, and medical insurance need to be defined at actual costs. For higher officials, an entertainment allowance could be added.
In addition, you can include a clause for contingency expenses, subject to the submission of bills, to meet any unforeseen expenses.
Anjali
From India, Faridabad
At the outset, you need to define the need, objective, and scope of the same. Furthermore, you should divide the countries/cities based on the cost of living into two or three categories. Accordingly, define the daily allowance, which may range from USD 750 per day to USD 200. This allowance should cover all expenses such as lodging and boarding. If it is a sponsored trip, you can provide for 50% to 25% of the actual daily allowance. Local conveyance, visa charges, air tickets, and medical insurance need to be defined at actual costs. For higher officials, an entertainment allowance could be added.
In addition, you can include a clause for contingency expenses, subject to the submission of bills, to meet any unforeseen expenses.
Anjali
From India, Faridabad
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.