GBTA Ladders Program The Experience of OVBTA Members © 2015 GBTA. All rights reserved. What is GBTA Ladders? For passionate industry leaders, the GBTA Ladders Program represents an opportunity to pass on wisdom acquired over the course of a meaningful career. For newcomers, the GBTA Ladders Program is the best way to get in touch with successful professionals and tap into their expertise. You will build connections and benefit from the experience of your mentor. How it Works • One topic for each session • Subject matter experts present • Teams formed with mentors and mentees • Each team prepares a presentation related to the topic • Certain groups chosen to present at the GBTA Ladders Conference • One group then chosen to present at GBTA Convention • The 2017/2018 Application will be open through September 1, 2017. http://www.gbta.org/Membership/Pages/GBTALaddersProgram.aspx © 2015 GBTA. All rights reserved. 2 TEAM MONICA MICHELLE COLLINS Nautilus – a SIXTY Hotel Senior Sales Manager MARY PELINO KATIE VIRTUE MONICA WHITEHEAD Sheraton Columbus Hotel Business Development Corporate United Director, Category Management - Travel World Travel Inc. Project Manager TRAVELER CENTRIC METRICS CHANGING THE WAY YOU MEASURE SUCCESS HOW DO YOU DEAL WITH THE SHARING ECONOMY, TRAVELER SATISFACTION, BLEISURE, SELF-BOOKING & CUSTOMIZATION REQUESTS? TRAVELER CENTRICITY CAN ADD PRESSURE WHERE ARE OTHERS STARTING? HOW ARE OTHERS IMPLEMENTING TRAVELER CENTRICITY? DOES TRAVELERCENTRICITY APPLY TO CERTAIN COMPANIES? WHAT MEASUREMENTS ARE IMPORTANT FOR TRAVELERCENTRIC SUCCESS? TRAVELER CENTRICITY CAN’T BE IGNORED + 66% SAY BUSINESS TRAVEL HAS POSITIVE IMPACT ON TRAVELERS’ PERSONAL HEALTH. 71% INDICATED THAT BUSINESS TRAVEL IS POSITIVE FOR PRODUCTIVITY +80% SAY BUSINESS TRAVEL POSITIVELY AFFECTS EMPLOYEES’ WILLINGNESS TO REMAIN AT THE FIRM. 90% OF COMPANIES MAINTAIN KPIs ON TRAVEL SAVINGS, BUT ONLY 30% TRACK KPIs FOR TRAVELER-CENTRIC CONCEPTS APPROACHING TRAVELER-CENTRICITY Research Interviews Survey $350 MILLION - $4 BILLION IN COMPANY REVENUE 80% WITH +$5 MILLION IN TRAVEL SPEND ARTICLES WEBINARS, WHITE PAPERS 8 INDUSTRIES 6 INDUSTRIES PERSONAL EXPERIENCE DEFINING KEY TRAVELER-CENTRIC METRICS SATISFACTION Level of contentment travelers feel about work and the travel program, which can affect performance. WELLNESS Considering health (diet, fitness, mind, etc.) during travel to reduce stress. WORK-LIFE BALANCE Prioritizing between work and travel and lifestyle (health, leisure, family, etc.) RETENTION Travel programs success in retaining and attracting employees who travel +25% of the time. PRODUCTIVITY Assessment of efficiency and success of a traveler evaluated by their output. SURVEY APPROACH IMPORTANCE UTILIZATION LIKELIHOOD OF MEASUREMENT EASE OF MEASUREMENT SURVEY INSIGHTS HIGH IMPORTANCE LOW MEASUREMENT HIGH RETENTION Aligning with HR Methods of Measurement • HR tracking attrition of road warriors • Look at rates of absenteeism Showing ROI • Compare retention rate of travelers to rest of employees • Avg cost to replace a traveler position “83% of road warriors said travel policy is at least important as pay or responsibility.” Companies likely to adopt • Finance, insurance, technology • Large Salesforce • Strong HR relationship Related Technology • Expense analytics • Internal review and comment site RETENTION How it’s implemented • Recruiting • Benefits section of the careers page • Part of the onboarding training • PwC is using travel as a competitive advantage as they face a war for talent WELLNESS Consider a travelers psychological, emotional and physical health Methods of Measurement • Traveler Survey • Trip Friction Metrics • CWT’s Traveler Stress Index Showing ROI • Decreases stress • Attracts new employees • Lowers healthcare costs CWT’s Travel Stress Companies likely to Index estimates the adopt equivalent of 6.9 hours • High international travel ($662) is lost in • Chief Wellness Officer / productivity per trip HR from the stresses of • Younger travelers business travel. Related Technology • Travel to Wellness app • My Travel Health app WELLNESS How it’s implemented • Reimbursement for gym fees while traveling • Health and wellness recommendations for top company destinations • Collaborate with HR on expanding your Corporate Wellness program to incorporate travel WORK-LIFE BALANCE Finding balance leading to higher satisfaction, productivity and retention. Methods of Measurement • Traveler Attitude Survey • Focus Groups • Glassdoor.com Showing ROI • Reduces Absenteeism • Increases Productivity • Improves Morale and Working Relationships Companies likely to 58% of business adopt travelers see travel as • Those with a large a way to achieve portion of millennials diversity in working • High # of travelers life. • Longer avg. trip length Related Technology • Tools that support work from home • Bleisure through OBT • Leisure discounts WORK-LIFE BALANCE How it’s implemented • Flights arriving after 7pm allow for late start the next day • Defining in your policy how leisure can be combined with a work trip, especially for flights and hotels SATISFACTION The ultimate driver of traveler-centricity Methods of Measurement • Quarterly road warrior calls • Roundtables with TMC Account Managers • Surveys • Showing ROI • Road Trip Attrition Rate • Trip Scrap Rate • Trip Quality 38% assert the travel Companies likely to policy is equally adopt important as the pay and job responsibilities • Technology, Finance • Auditing Firms Related Technology • Traveler Scorecard • Expense Apps • Rocketrip SATISFACTION How it's implemented • Reimbursement for TSA Precheck, airlounge membership, Global Entry • Easier expense reporting • Higher status with loyalty reward points • Interpublic Group uses often dreaded exceptions to tailor their policy PRODUCTIVITY Providing the right tools and tips for accomplishment. Methods of Measurement • Expensify • Chrome River • Concur Road Warriors stated that their productivity would increase by an average of 44% if just 4 improvements were made. Companies likely to adopt • Advertising, Production • Creatives • Finance Showing ROI • Reducing Traveler Friction • Relate sales results to travel metrics Related Technology • • • • TripIt Travefy Triplingo Hipmunk PRODUCTIVITY How it's implemented • Reimbursement for airplane wifi • Ability to take non stop flights • Reimburse business class on flights 6 hours or more • Paid time off after long bout of travel GETTING STARTED Get input from top travelers on which areas are critical to them; needs will differ by company and culture. Meet with HR to discuss common goals and what they are already doing for travelers. Collaborate with marketing for communication support. Talk with sales about expectations, if this area encompasses the largest group of travelers. Assemble a pilot group that is committed to change and can set an example for others. QUESTIONS? CREDITS “Competition in Job Market Lets Professionals Set Their Travel Terms” By Martha C. White; NY Times; March 13, 2017 http://tclara.com/wp-content/uploads/2016/08/Traveler-Friction-Insights-from-US-Road-Warriors.pdf “The Way of the Productive Road Warrior: Advice for Business Travelers” By Laura Stack; March 18, 2016 https://www.salesforce.com/blog/2016/03/way-of-the-productive-road-warrior-business-traveler.html “How To Plan A Successful Business Trip” By Yem Ahiatsi; April 3rd, 2015 https://blog.travefy.com/2015/04/productivity-tips-for-business-travel/?hvid=2QJw6t “The Psychology of Employee Satisfaction.” Boundless Psychology; May 26 2016 https://www.boundless.com/psychology/textbooks/boundlesspsychology-textbook/workplace-psychology-21/workplace-psychology-106/the-psychology-of-employee-satisfaction-402-12937/ “Job Satisfaction Vs. Production” By Lisa Magloff http://smallbusiness.chron.com/job-satisfaction-vs-production-18821.html “Meet the Modern Business Traveler” By ACTE and AMEX GBT; October 2017 https://buyingbusinesstravel.com/feature/0126925-health-wealth-and-happiness “Workplaces the Work” http://hrcouncil.ca/hr-toolkit/workplaces-health-safety.cfm “2016 Business Travel Forecast and Trends” By Acendas http://acendas.com/2015/12/30/2016-business-travel-forecast-and-trends/ “Is Travel Policy a Tool to Recruit and Retain Key Staff?” February 13, 2017 https://www.businesstravel-iq.com/article/blog/iq-player/2017/02/13/is-travel-policy-a-tool-to-recruit-and-retain-key-staff-webinar “Capita to Deliver Data-Driven Traveler Wellness Tools” By Amon Cohen; February 21, 2017 http://www.businesstravelnews.com/Management/Capita-to-Deliver-Data-Driven-Traveler-WellnessTools?a=btn&cid=eltrdaily&[email protected]
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