{"id":25228,"date":"2017-09-25T19:30:57","date_gmt":"2017-09-25T19:30:57","guid":{"rendered":"https:\/\/smallbiztrends.com\/?p=463018"},"modified":"2017-09-25T19:30:57","modified_gmt":"2017-09-25T19:30:57","slug":"3-steps-to-great-small-business-travel-risk-management-infographic","status":"publish","type":"post","link":"https:\/\/businessnewsbox.com\/?p=25228","title":{"rendered":"3 Steps to Great Small Business Travel Risk Management (Infographic)"},"content":{"rendered":"

\"3<\/p>\n

It\u2019s not rare for employees to travel on business<\/a> these days. What\u2019s uncommon, however, is an effective travel management system that ensures employee safety<\/a>, security<\/a> and convenience.<\/p>\n

Neglecting Travel Management May Cost Businesses Dearly<\/h2>\n

Without a travel management plan, businesses run the risk of reducing productivity, damaging reputation and even losing data.<\/p>\n

Worse still, businesses risk facing legal repercussions for failing to protect the health and safety of their employees. Data shared by chauffeur service provider Hyryde<\/a> reveals 52 percent of employees would consider legal action if they were not supported properly. That may have a more severe effect on small businesses, most of whom operate on shoestring budgets.<\/p>\n

Three Steps to Creating a Travel Risk Management Plan<\/h2>\n

For small businesses, it therefore pays to create an effective travel risk management strategy.<\/p>\n

But how should you plan for it? Hyryde provides a three-step strategy to help businesses.<\/p>\n

Prepare<\/h3>\n

The first step is to assign management responsibility between different departments. This needs to be followed by a clear evaluation of your organization\u2019s capability to manage travel risks and to understand your company\u2019s exposure to specific threats.<\/p>\n

Implement<\/h3>\n

Once you have completed your evaluation, you need to manage and mitigate risks. There are four ways to achieve this goal: controlling risk through proactive actions, transferring risk through insurance, eliminating risk by altering risky processes and tolerating risks.<\/p>\n

Manage<\/h3>\n

You must also have regular audits to monitor techniques that can help ensure the continuity of the travel risk management system. This includes establishing a multi-disciplinary travel risk management committee, seeking input from upper management on potential destinations and reviewing policies, among other steps.<\/p>\n

For more travel risk management tips, check out the infographic below:<\/p>\n

\"3<\/p>\n

Images: Hyryde<\/small><\/em><\/p>\n

This article, “3 Steps to Great Small Business Travel Risk Management (Infographic)<\/a>” was first published on Small Business Trends<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

\"\"\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Does your small business have a travel risk management policy for employees who are often on the road? Here’s why you need one and how to get it in place.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,80],"tags":[],"class_list":["post-25228","post","type-post","status-publish","format-standard","hentry","category-small-business-operations","category-small-business-travel"],"_links":{"self":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/25228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25228"}],"version-history":[{"count":0,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=\/wp\/v2\/posts\/25228\/revisions"}],"wp:attachment":[{"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessnewsbox.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}