“It is no secret that the cost of travelling in the UK is high and that commuting can significantly eat away at company resources and personal wages. Whether you are travelling for business or leisure, the costs can soon pile up but there are simple steps you can implement to make your investment go further or to save money on the cost of travelling. Here is a list of 10 money saving hacks to help you cut the cost of travel.
CUTTING COMMUTING COSTS FOR STAFF
If you know your staff struggle to commute to you due to your office or venue location, you can also look at shift structure, staff housing and staff group transport. While this might sound like an expense and task you do not need to have, from a business perspective, it could increase your appeal for recruitment purposes and allow you to recruit from further afield as well as making lower wages more attractive as personal overheads become lower.
CUTTING BUSINESS TRAVEL COSTS
If you have executives traveling on business, loyalty schemes or business accounts with particular suppliers would give you preferential rates. If they are traveling for extended periods, serviced apartments have proved to be up to 46% cheaper than a hotel of the same standard for long stays, saving not only on accommodation but also on subsistence costs due to having access to a fully equipped kitchen.”