Posted by Anonymous on 07/23/2009 - 10:23
CFOs at many companies these days are certainly under added pressure to trim costs wherever they can. Sometimes, though, we hear about cost-cutting measures that have short-term gains, but drag down morale and employee satisfaction in the long-term. One such company I heard about posts a monthly report ranking company travelers by their daily expenses while on the road. This seems a bit like treating employees like children. Your thoughts?
CFOs at many companies these days are certainly under added pressure to trim costs wherever they can. Sometimes, though, we hear about cost-cutting measures that have short-term gains, but drag down morale and employee satisfaction in the long-term. One such company I heard about posts a monthly report ranking company travelers by their daily expenses while on the road. This seems a bit like treating employees like children. Your thoughts?
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Share the Wealth
Why not share cost savings with employees? Set bench mark per Diem's, then share 50/50 any less than that. Incent the behavior you want.
Steven