"We also departed from a formal travel and expense policy and decided to simply require adultlike behavior there, too. The company’s expense policy is five words long: “Act in Netflix’s best interests.” In talking that through with employees, we said we expected them to spend company money frugally, as if it were their own. Eliminating a formal policy and forgoing expense account police shifted responsibility to frontline managers, where it belongs. It also reduced costs: Many large companies still use travel agents (and pay their fees) to book trips, as a way to enforce travel policies. ..."
This was Patty McCord in the Jan/Feb 2014 HBR. Patty was the former chief talent officer of Netflix. https://hbr.org/2014/01/how-netflix-reinvented-
So here is a totally unstructured approach to expenses.
- Would it work in your company?
- Could you support a culture and paradigm change?
- Do you think you'd save money?
