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Hedge fund where my friend works:
Everyone is entitled to fly business (or the premium cabin) everywhere, even short domestic flights. The employees can choose coach and get a pay supplement equal to one half of the difference. My reasonably young friend does this every time because it represents a nice boost to his pay right out of B-school. Sweet deal, right? |
Corporate Flight Policies for Employees Booking Business/First Class?
Always Y. LCC is expected if available and reasonable.
Policy includes everyone, also CEO. |
Originally Posted by brendog
(Post 21060677)
After a decade and a half in the F500 world, I now work for a much smaller, venture-backed company. We really don't have any policies insofar as class of service, but as my bonus is directly linked to my budget, I'm pretty vigilant about booking Y, unless a cheap A fare pops up, which they do from time to time. Fortunately, all of my flights are short now, 6 hours max, so it doesn't matter as much as when I was consistently shuttling to BNE or LHR in years past.
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It's amazing how many people who couldn't possibly fly long haul in economy, suddenly discover new bounds of possibility when it directly affects their pocket.
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Corporate Flight Policies for Employees Booking Business/First Class?
I recently was hired by an oil firm based ex-Houston. For my level of employment is J for transcontinental (LAX-JFK, etc...); lowest available fare for anything under 4 hours (although last minute fares are exempt); and C/F when on intercontinental--however, some of the locations are so remote that chartered aircraft are a necessity.
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Corporate Flight Policies for Employees Booking Business/First Class?
Cheapest fare on preferred carriers. Up to USD 50 tolerance. Business on TPAC and TATL. if you are above a certain title and fly over 75k miles in a fiscal year you are entitled to business on flights over 3.5hrs.
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The 6 hour rule seems pretty standard - My people just put that policy in writing that it is standard coach under 6 hours. Upgrades may be used at employee cost (points or dollars).
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The 6 hour rule seems pretty standard |
Originally Posted by mandolino
(Post 21085511)
It's amazing how many people who couldn't possibly fly long haul in economy, suddenly discover new bounds of possibility when it directly affects their pocket.
How imagine that there is a policy - with the above eligibility one can book flight in Y and have half of the fare difference go to their pocket. How many people would rather choose above option? |
Originally Posted by invisible
(Post 21089872)
Is this surprising? As it was demonstrated, there is some common denominator - flights >7-8 hours are eligible for business class.
How imagine that there is a policy - with the above eligibility one can book flight in Y and have half of the fare difference go to their pocket. How many people would rather choose above option? |
Originally Posted by invisible
(Post 21089872)
How imagine that there is a policy - with the above eligibility one can book flight in Y and have half of the fare difference go to their pocket.
How many people would rather choose above option? Same as above but must hit the ground running? It depends what I'm doing. Low stress/non-critical take the money otherwise take J class. I do not want to risk fouling something important because I didn't get enough sleep on the flight over. Two or three stop flight to Africa or Asia? Take J class. |
Originally Posted by pragakhan
(Post 21090073)
I would not pick the kick back option at 500, 1000 or even half, I am sure there are others in here whom wouldn't either.
Look at this from different perspective - one can make extra 15% (or more) of annual income. I am pretty much sure that there are bunch of people who would agree with this kind of swap. |
My comfort is priceless.
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Originally Posted by pragakhan
(Post 21090221)
My comfort is priceless.
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Originally Posted by invisible
(Post 21090308)
Really? It does not have any dollar value at all, no matter how much?
Don't worry, my wife thinks I am weird too ;) |
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