What does a travel stipend mean?
What is a travel stipend policy?
What are the benefits of offering employee stipends?
- Improved job satisfaction
- Boost employee productivity
- Attract and retain the best talent
- Reduced healthcare benefit usage
- Fewer compensation claims and sick days
What does a travel stipend policy cover?
- Passport fees
- Per diem rates
- Meal expenses
- Leisure activities
- Hotel room cost
- Incidental expenses
- Car rental expenses
- The actual cost of airfare
- Mileage reimbursement
- Allowance for hotel room expenses
- A prepaid cell phone card for personal use
- Inter-state travel-related expenses like tolls
- Fuel expenses on personal vehicle for road trips
- Other personal expenses like event registration fees
- Remote commuting expenses (for example, if your employee chooses to work from a destination office)
Are travel stipends taxable?
Is a travel stipend necessary and how much should it be?
- Airbnb: $2000
- Evernote: $1000
- TourRadar: $1800
- Afar Media: $2000
- Bamboo HR: $2000