What’s worse: a delayed flight or a stack of overdue expense reports?
According to a new survey released this week, expense reporting can be so odious and complex that business travelers would take extreme measures to avoid the process altogether.
The TriNet Expense study, released by TriNet and conducted by Wakefield Research, surveyed 1,000 business travelers last spring and found that:
- More than half (53 percent) admit to not submitting a business expense for reimbursement to avoid completing an expense report.
- More than half (53 percent) would rather complete their taxes than work on their expense reports.
- Three out of five (60 percent) have had problems paying a personal bill because they were waiting for an expense reimbursement from their employer
With U.S. business travel spending expected to top $310 billion in 2015, archaic expense reporting isn’t just annoying business travelers—TriNet says it can hurt their personal finances and morale.
How do you feel about the way your company handles your expense reports? Ever feel like your company’s bank? Please leave your comments below.
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