Today’s travel managers fully understand how important travel risk management (TRM) is to their travel program, their travellers and their company. In fact, nearly 90% say traveller safety and security is as high a priority as savings and cost control. Yet only half of travel managers conduct pre-trip risk assessments, according to a BCD Travel survey of 510 travel managers. And even fewer—just over 40%—offer risk awareness and mitigation training for employees before they go on the road.
What’s causing this disconnect between understanding business travel risks and creating a plan to mitigate them? “Travel managers say one of the major challenges is uncertainty about what good travel risk management looks like. Another is simply getting their arms around what it takes to begin crafting a strategic travel risk management plan,” said John Dale, senior vice president – Asia Pacific for BCD Travel.
The key to getting started, according to BCD Travel risk management experts, is to follow a logical, proven path to success. BCD Travel’s TRM experts dive deep into its seven-step process in the company’s white paper, Travel Risk Management: Keeping Business Travelers Safe and Secure.