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Making bleisure work for your business

‘Bleisure’ is no longer a new buzzword. The term, meaning a combination of business and leisure travel, has garnered a lot of attention in just a few short years, and now more employees than ever are looking to mix work and play. Research by Bridgestreet Global Hospitality suggests 6 out of 10 travellers are more likely to take a bleisure trip today than five years ago, while a study by the Collinson Group reveals 72% of business travellers regularly extend their work trips for rest, relaxation and sightseeing, adding up to an average of five days over the course of […]

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Employee travel: The new office perk?

Drinks fridges, foosball tables, flexitime, bonus holidays…perks are becoming the new norm for office environments, with managers citing improved staff morale and greater productivity as key pay-offs. And many companies are taking things a step further by offering paid-for trips abroad as well. Once upon a time, businesses footing the bill for office-wide holidays overseas would make headline news, such was the rarity of such a generous offering. Now, scores of companies include an annual (or more frequent) trip abroad as part of their basic operational outgoings. A chance to regroup PR agency Liquid, for example, introduced team weekends away […]

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NEW FairFX Expense Platform feature: Top-up requests

The latest FairFX Expense Platform feature makes it even easier to give employees access to the funds they need, when they need them. Plus, there’s no need for long email chains. In just a few taps in the app your employee confirms the amount and reason they need funds, and the controller can instantly approve or reject the request through the expense platform or through the app on the go. How top-up requests work 1. Cardholders can request a card top-up at any time by clicking ‘Request top-up’ under the ‘Cards’ menu of the FairFX Expense Platform. And, by adding […]

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Relaxed expenses versus perks – which leads to a happier workforce?

Job perks are more important than they’ve ever been. According to employment website Glassdoor, more than a third of employees say extra benefits are among their top considerations before accepting a new job, while research by merchant services provider Paymentsense shows 77% of potential employees have been put off accepting a new job because they felt the perks weren’t up to scratch. Providing extra benefits for your staff can boost morale and improve productivity, especially in cash-strapped times where pay rises aren’t feasible, but they also present challenges. What should you offer, and how do you get it right? Extra […]

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How to stop staff splashing the company cash

The cost of travelling by car, plane and train continues to rise year after year and keeping a lid on travel spend is no mean feat. Harder still for smaller firms who rely on staff to organise their own travel. So, how can you ensure staff look to save money where possible when the company is paying and clamp down on those urges to splash the cash? Boosting their salary Psychologist Nigel Nicholson says that employees taking a lax attitude to the way they spend on things like travel expenses can be a symptom of a deeper problem within the […]

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Global guide: key budgeting considerations when sending staff abroad

Preparing a budget for staff travelling abroad can be challenging as costs and logistics are often unknown until they arrive. Plus, prices for business travel necessities vary widely between countries. Our guide gives you an overview of the key things you should know when planning for staff overseas expenses. Use the links below to jump to the country that you’d like to know more about. Argentina 🇦🇷 Australia 🇦🇺 Brazil 🇧🇷 Canada 🇨🇦 China 🇨🇳 Denmark 🇩🇰 Finland 🇫🇮 France 🇫🇷 Germany 🇩🇪 Iceland 🇮🇸 India 🇮🇳 Iran 🇮🇷 Italy 🇮🇹 Japan 🇯🇵 Mexico 🇲🇽 Morocco 🇲🇦 New Zealand 🇳🇿 […]

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Travelling for business: Does an employee have the right to say no?

It’s not uncommon for employees to have to travel as part of their work. But what if they don’t want to? Travelling for work can interfere with family life and general downtime, so can an employee reasonably decline? It all comes down to the contract. When an employer offers someone a job that involves travel, this has to be stated in the contract. It needs to outline whether the company will pay the employee for overtime for travel, whether time off will be given in lieu of extra hours spent travelling, and what the expected weekly work hours are. By […]

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Your top Business Travel questions answered

We’ve put together answers for the questions you should be asking if you’re travelling for business, managing currency for business or managing expenses. This is the start of our ultimate guide to travelling for business. Simply click on the question to get the answer. What should I use overseas? Cash, credit card or prepaid card? What are allowable expenses for employees? What is subsistence allowance when travelling for business? How should you expense business travel? Do business expense cards work in the UK? How can I save money on foreign exchange rates?   What should I use overseas? Cash, credit […]

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Manage your Facebook payments with ease

Have you got Facebook payments nailed? If you’re making regular payments to Facebook for advertising then keep track of spend per campaign/customer will be key. Choosing the right payment method can make a big difference to keeping control and making sure no invoices fall through the cracks. Many will just opt for using PayPal on the Facebook Advertising Platform. Seems convenient enough? But whilst defaulting to PayPal may seem convenient at first, tracking and managing spending can become a real headache over time. With the FairFX Prepaid Corporate Mastercard® , you can give key members of your team a prepaid card […]

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Tips for stress-free business travel

Guest Post: Millie Walton is travel and arts journalist, and the Digital Editor of LUX Magazine. She was born in the English countryside, but spent much of her childhood in the mountains of Zimbabwe and considers Africa her second home. After 9 months travelling around Africa, India and South East Asia, she is currently based back in the UK while she works on her fiction writing.   As a travel journalist I spend a lot of my time in transit. Typically, it’s a two day round trip or if it’s long haul, maybe I’ll be lucky enough to get three. […]

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“How relocating my business overseas transformed my profits”

Could moving your business to another country be the boost that it needs to succeed? It may sound like an extreme solution – but some start-ups are considering overseas relocation to help ensure their business’ survival. Neil Cocker, co-founder of RampTshirts.com, made the decision to move his business 1,400 miles from Cardiff to Sofia, Bulgaria. What may have been considered a risky move has paid off – by moving the operational centre to Bulgaria, Neil has grown his business, which provides custom t-shirts for teams or events, by 60%. The journey from Cardiff to Sofia started in January 2016, when […]

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Cultural considerations when travelling for business

Technology means it’s quicker and easier than ever before to conduct business on a global scale, but businesses looking to expand or forge partnerships abroad must still be mindful of cultural traditions. As Chloe Ravat, communications manager at Lufthansa’s Fly Partner Plus Benefit says, “Observing cultural differences demonstrates a versatile and malleable approach to business – something which contacts and customers may be very keen on. If your business appears to be incredibly adaptable, it increases its value to a wider range of clients. Plus, if you demonstrate adaptability and respect, it is likely you’ll be seen to be more trustworthy.” […]