Business travel risk management makes sense as companies are aware of the safety of their employees. Today, it is important to include the notion of the well-being of business travellers in the travel policy of companies.
How to manage risks in business travel?
Business travel risk management: better protecting employees
Managing the risks associated with business travel is fundamental. Especially when a company understands its obligations under the Duty of Care. Indeed, assessing the risks associated with travel helps to identify the threats that a traveller may face while on business. However, travel risks are numerous and constantly evolving. Thus, risk management must take into account the assessment of all hazards: from lost luggage to a global pandemic.
Assessing the risks of a trip is therefore important for the well-being of its employees. Not least because companies will better understand how to implement a travel policy. On the one hand, a good understanding of the risks associated with travel allows for better communication. On the other hand, good communication also means better reassurance for travelling employees. It is true that this aspect of risk management helps to keep employees safe. Indeed, if an emergency arises, the company and its traveller will know what to do in the event of a critical situation.
ISO 31030 standard: Well-being and safety in business travel
First of all, what is the ISO 31030 standard? It helps to strengthen the protection of employees when travelling. Indeed, its guidelines allow for the application of procedures to reduce risks during a business trip.
Who is affected by this standard? It’s very simple, everyone involved in travel in a company. For example, travel managers, travel agents, TMCs and safety and security officers are affected by the standard.
ISO 31030 has been developed since 2018 and after having been consulted worldwide four times, it is launched to meet the needs of companies and their employees during a corporate travel. With ISO 31030, you can benefit from guidelines for your travel policy.
The benefits of assessing travel risks
The benefits of risk management in business travel are firstly a reduction in financial and therefore legal risks. Secondly, the company improves its reputation and credibility. Finally, in a high-risk environment, assessing risks helps to maintain business. Moreover, knowing how to manage risks is a relevant argument for improving the confidence of employees. Among other things, travel risk management encompasses not only the Duty of Care but also a CSR and HR approach.
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