by BCD marketplace partner Topia
The rise of work location flexibility has made managing risk and compliance for business travelers and distributed employees more important than ever
An edited excerpt from Topia’s ebook, ‘Managing risk and compliance for business travelers and distributed employees in an era of work location flexibility’.
Business travel continues to increase after several years of disruption. This rise, coupled with the return of international assignments and the continuation of remote or hybrid working practices, means that workforces have never been more geographically dispersed.
Data from a recent survey Topia conducted into distributed workforce trends suggests that 92% of employers expect business travel to increase or stay the same in the next 12 months. It was also found that employee appetite for business travel was high – with 68% of employees saying they were keen to travel domestically for business and 67% indicating they wanted to travel internationally for business.
73% of employees also said they would like the option to tag on a ‘workcation’ if they took a business trip. Workcations start to blur the boundaries between business travel and remote work, with workers tagging on extended stays in the location they’ve been sent to for their business trip and working their typical hours – just from a different place.
In theory, it sounds straightforward enough to allow this flexibility, but in practice, these emergent work approaches can open organizations up to a whole host of risks. While most businesses already have well-established processes and procedures to ensure staff comply with their own company policies around business travel, there is another category of risk and compliance centered around where work is actually taking place that needs to be carefully managed.
Whether these risks relate to US or global non-resident payroll withholding, compliance with Schengen area rules, permanent establishment, immigration, or compliance with the Posted Workers Directive, companies need to ensure their tax, finance, payroll, travel, global mobility and HR teams are all geared up to help mitigate risk as far as possible.
Managing risk and compliance for business travelers and distributed employees: a new ebook from Topia
Coming to terms with the increased complexities relating to the distributed and traveling workforce might seem like a daunting task. However, with the right strategies, policies and tools in place, companies can not only ensure compliance but also benefit from greater efficiencies that can result in significant time and cost savings.
In this ebook from Topia, you’ll learn more about how organizations can remain compliant in an era of business travel, workcations, hybrid working and international assignments.
Download the ebook to find out more about:
- – New trends in business travel and distributed work.
- – Compliance risks – why is work location so critical?
- – The key areas of risk to consider including immigration, permanent establishment and compliance with Schengen area rules.
- – Why strengthening your approach to compliance matters and where to start.
- – The role of technology in business travel compliance management.
Get your copy of ‘Managing risk and compliance for business travelers and distributed employees in an era of work location flexibility’ here.
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