Quarter of employees put of meetings to avoid expense pay-out
One in four employed adults have postponed or cancelled a meeting to avoid the personal expense pay out.
That’s the finding of new research from Allstar Business Solutions which indicates the ‘pay and reclaim’ expense method is putting financial strain on employees over fuel and food.
The analysis found almost two-thirds (64%) of people described the process as difficult to understand and frustrating, with the average employee having to wait four weeks before their expenses are paid.
One in three said they have felt financially unstable because of an unexpected business expense and/or delayed pay and reclaim. Employees at smaller companies are more likely to feel this way.
And one in 10 employees unknowingly pays for their own expenses, despite having an expense policy while 57% of respondents admitted they don’t pay and reclaim if the amount totals less than £5.