



Recruiting News Network
Recruiting
News
OperationsThe Recruiting Worx PodcastMoney + InvestmentsCareer AdviceWorld
Tech
DEI
People
People on the Move
The Leaders
The Makers
People
People on the Move
The Leaders
The Makers
Brand +
Marketing
Events
Labor +
Economics
SUBSCRIBE





Money + Investments

Travel budgets on the chopping block as employers eye sustainability goals

HR Dive

April 17, 2023

Money + Investments

Travel budgets on the chopping block as employers eye sustainability goals

HR Dive

April 17, 2023

Photo by Eva Darron on Unsplash

Dive Brief:

  • Employers’ sustainability goals have driven many companies to keep travel budgets smaller than usual, according to Deloitte data released Tuesday.
  • Corporate travel spend is on the rise but remains far below pre-pandemic levels, the firm said. A variety of factors are at play, including advances in technology that make travel less necessary. But sustainability appears to be a key component of that decision-making. A third of U.S. employers surveyed said they need to reduce travel per employee by more than 20% by 2030 to meet sustainability targets.
  • “Travel, in general, attracts attention as a significant contributor to carbon emissions,” Deloitte said. And while sustainable providers exist, they tend to be more expensive.

Dive Insight:

Employers’ collective focus on environmental, social and governance principles is here to stay, employment law firm Seyfarth Shaw concluded in a report last month.

In addition to pressure from boards and investors, the firm said employers are facing consumer scrutiny and employee demands as well, especially around sustainability. “Climate and the environment remain central to the discussion,” the report authors wrote.

Still, employers will have to balance those demands with the benefits travel provides for some workers. Some are setting strategic priorities: Deloitte respondents, for example, said travel for clients currently outweighs travel for team building and internal meetings.

Some of the onus sits with suppliers, the firm said. Those vendors that can “take a long-term view of their relationships with travel buyers and communicate with them about their sustainability progress should be better poised to navigate ongoing shifts in travel priorities,” said Mike Daher, vice chair, Deloitte LLP and U.S. transportation, hospitality and services non-attest leader, in a statement announcing the findings.

Read the full report here

Employers’ sustainability goals have driven many companies to keep travel budgets smaller than usual

What we're reading

‘We’re all fighting the giant’: Gig workers around the world are finally organizing

by
Peter Guest
-
rest of world

Gig workers are connecting across borders to challenge platforms’ power and policies

Got Zoom fatigue? Out-of-sync brainwaves could be another reason videoconferencing is such a drag

by
Dr. Julie Boland
-
The Conversation

I was curious about why conversation felt more laborious and awkward over Zoom and other video-conferencing software.

How to Purchase an Applicant Tracking System

by
Dave Zielinski
-
SHRM

Experts say the first step in seeking a new ATS should be to evaluate your existing recruiting processes.

View All Articles

Events
No items found.
View All Events
Related Articles

Rising Hourly Wages Are Reshaping Talent Acquisition Strategies for HR Leaders

April 1, 2025

Pay transparency isn’t optional–here’s how to own it

HR Dive

January 23, 2025

© 2024 recruiting news network.
all rights reserved.



Categories
Technology
Money
People
TA Ops
Events
Editorial
World
Career Advice
Resources
Diversity & Inclusion
TA Tech Marketplace
Information
AboutContactMedia KitPrivacy Policy
Subscribe to newsletter
