4 months Why foreign trips are an excellent employee reward Manilatimes |Biz
REY ELBOWHY do many companies use foreign trips to motivate their employees? Or to put the question in another way, why don’t organizations simply give cash incentives or bonuses to their fast-trackers and model employees which is easy to administer? There are three major reasons on top of my head. One, the cost of foreign trips can be treated as business expense, and therefore could be tax-deductible by companies spending for it. Some people call it tax shield that gives maximum value to both the company and its deserving employees. If organizations opt to give cash, it becomes taxable ... more