Be aware of these 5 risks when managing your business traveler program

Unless flygskam has a greater impact than expected, according to GBTA, business travel is slated to grow by only 3.1% for 2019, the slowest growth since the recession of 10 years ago. But they are forecasting growth of 4.1% for 2020 and expecting that to increase further with a +5.9% in 2023. 

In exploring the topic for additional predictions, I bumped into an article that laid out the four key business travel trends coming in 2020. 

Those four trends were:

1. More women are traveling for business
2. Employees expect technology will improve the business travel experience; but feel their companies aren't moving fast enough to adopt new travel technologies
3. More business travelers are prioritizing "bleisure" and expecting more from their corporate travel
4. Plenty of flight routes and service changes are coming in 2020

Assuming these trends and the continued increases in business travel, particularly on the global side, this GTN article by David Livitt taps into five risks that companies face when an employee travels on business to a location outside of their home country. So what are the risks?

1. Not understanding your corporate requirements
2. Not knowing employment law for that location
3. Not being aware of the immigration rules that must be met
4. Not knowing what to do in emergency situations
5. There is a reputational risk should something go wrong

Dive into it further to get a greater explanation for each of the five risks. Then check out some of our other posts on business travel and global mobility:

10 crucial international business travel tips

International business travel into the U.S.

How the future of work and travel intersect

What employee safety precautions does your mobility program have in place?