How CFOs Can Motivate Smart Employee Spending
Rocketrip’s Dan Ruch will be in San Francisco on Thursday, October 20th to present at CFO Rising West. Keeping with the theme of this year’s event, “Exploring the Evolving Role of the Strategic CFO,” Dan will focus on how CFOs and other finance executives can build efficient systems for controlling employee spending.
You can see the full details of the session below, and if you’re interested in learning more best practices for travel and expense management, check out these resources from Rocketrip:
- Getting Employees on Board with Budgeting Decisions
- Reducing Business Travel Costs Through Incentive Programs
- Avoid These Cost Cutting Mistakes
How to Motivate Responsible Employee Spending
Thursday, October 20
5:00 PM, PST
The Intercontinental San Francisco
Employee-generated expenses have a significant effect on an organization’s budget, but CFOs and controllers lack effective tools for influencing individuals’ spending decisions. Nowhere is this more true than with regard to business travel, which accounts for the vast majority of reimbursable expenses. Business travelers are not price-sensitive: when spending company money on flights and hotels, they prioritize comfort and convenience over cost. The employee and employer’s interests are misaligned; the result is wasteful spending.
This session will explore concrete strategies for achieving responsible spending. By incorporating insights from behavioral economics and utilizing smart incentive structures, companies can reduce expenses and motivate employees to be cost-conscious.