Why are SME employees losing so much to unpaid expenses?
UK SMEs workers losing £140 million a year in unclaimed work expenses
Tags: Expenses
UK office workers spend £350 a year on tea and leaving presents
The typical British employee can expect to spend more than £14,000 during their working life on the daily costs of being in the office, including afternoon tea runs, cards and gifts for leaving colleagues and sponsorship for co-workers’ charitable pursuits, according to research.
85% of UK employees stretching the truth with expenses claims
Research by webexpenses has revealed a weighty number of UK employees admit to bending the rules when it comes to submitting their expense claims.
A third of 16-24 year olds admit to ‘bending the rules’ on their expenses claims
Research released today states that one in four employees has bent the rules when making an expenses claim at work – potentially claiming back more than they are entitled to on company expenses. Worryingly, of those that admitted to bending the rules, one in five said they didn’t even feel guilty about breaking them. The…
Personal wellbeing is improved by the more we spend
New analysis from ONS shows that both household income and spending matter to personal well-being, but spending has a greater effect on how we feel about our lives. The analysis looked at how household income and spending affect personal well-being, after taking many other possible influences on well-being into account. How much does household income…
Taxi expenses costing employers unnecessary extras
A survey of 1,000 UK employees has revealed that 31% of workers cheat their employer out of money by either adding extra to their taxi bills or claiming for taxi journeys that are not business related. The study carried out by Expense Management Company Spendvision, focused on employees who regularly use taxis for work-related travel…
Brits admit to exaggerating expense claims
New research reveals the extent to which dishonest employees are costing businesses by putting their hand in the company coffers and exaggerating expense claims More than half (53%) of UK workers surveyed admit to exaggerating an expense claim by including personal items on it. Women put an average £2,000 worth of personal items through expenses…
Expenses hit a peak in December
The UK’s busiest day for submitting expense claims is 13 December, according to Concur. Data from the travel and expenses company’s clients reveals that the number of submissions processed on this day is 139 per cent above the daily average. This influx is created by the last-minute rush before the Christmas break. The reasons behind…
Cumbersome Expense Processes Are Leaving Employees Out Of Pocket
50 percent of employees do not claim for all their expenses due to complicated processes A global provider of total transaction management solutions, today announced the results of a study into the business expense claim process. The survey of 1000 employees across public and private sector organisations in the UK analysed how often employees file…
Half of parents with young children still unaware of childcare vouchers
With concerns over the affordability of childcare dominating headlines, a survey has revealed that many working parents are unaware of the financial benefits that could be available to them through their employer. The survey, which was carried out to highlight issues facing working mothers and fathers when making childcare arrangements, found that 45 per cent…
Two thirds of employees are losing out on expense claims
Many of employers may increasingly find themselves out of pocket due to making inaccurate expense claims, suggests a news survey by ExpenseMagic. Almost half of the employees surveyed claimed they sometimes lose receipts and often forget to claim for certain items or travel costs. A further 12 per cent say they regularly lose receipts. Three…
Recruiting new staff is too expensive
Recruiting new employees takes too long and is too costly according to a new survey from Maximus UK and the British Chambers of Commerce (BCC). Over 80% of the companies that responded employ fewer than 100 staff and identified recruitment as a great challenge in managing their workforce. The two-week survey was conducted amongst over…
1.3bn lost to excessive expense claims
UK businesses lost more than £1.3bn through excessive and fraudulent expense claims during 2010, according to a report from expenses management firm GlobalExpense. Out of the £1.3bn loss, £324m was for fraudulent claims, and £999m was for claims outside company policy. On average 10% of claims were outside company policy in 2010. Managers were found…