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Should I save my firm $400 by going from a

3 hour layover to a 4 hour one at JFK?

Serviced By Others Wrote:
——————————————————-
> 3 hour layover to a 4 hour one at JFK?

only if you care to point it out on the exp report, sucking up is never cool

I wouldn’t. An extra hour at JFK seems like it would be pretty miserable.

ask yourself what you would do if you were paying and do that.

Technically, you will only save the company like $250, since at some point, they will write off the cost for tax purposes. Anyway, if it was me, I’ll say F this sh*t, and then take the fastest possible flight, even if it is significantly more expensive.

“Visit the Water Cooler forum on Analyst Forum. It is the best forum.”
- Everyone

no

I will preserve high ethical standards in investment banking
- Luis Caselles Pérez

Only if you can drink some $10 airport beers in the extra hour and get it reimbursed.

AntonioY Wrote:
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> ask yourself what you would do if you were paying
> and do that.

+1

This space available.

Analyze_This Wrote:
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> Only if you can drink some $10 airport beers in
> the extra hour and get it reimbursed.

This…..

In my opinion that’s a no-brainer. Think if it’s your own money, of course you’d save the $400. Then think if you started a company and hired one employee, would you want the person you hired wasting your money? Extend that to a larger company - the scale is different but ethics are the same. Plus if everyone racked up every charge they could on the company dollar, that will add up to a decent impact on the bottom line which hurts compensation and the bonus pool.

I realize it’s a drop in the bucket and if everyone else does it you feel screwed, but that’s part of what’s wrong with business and a contributing factor to why companies have recently been able to squeeze higher and higher margins out of the same revenue.

Personally, I don’t mind layovers because it’s a rare opportunity to read a book or get things done that I normally wouldn’t because there’s always something else to do when at work or home.

I would do it. My company is very good about letting us drink and charging in food or stuff like that. So just go get drunk.

Ask your company to pay for an airport WiFi pass and spend that hour on AF.

This space available.

AntonioY Wrote:
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> ask yourself what you would do if you were paying
> and do that.

This. Also, 1 hour really isn’t that much longer… If you said no wait vs wait then you could probably justify that.

sundevl21 Wrote:
——————————————————-
> In my opinion that’s a no-brainer. Think if it’s
> your own money, of course you’d save the $400.
> Then think if you started a company and hired one
> employee, would you want the person you hired
> wasting your money? Extend that to a larger
> company - the scale is different but ethics are
> the same. Plus if everyone racked up every charge
> they could on the company dollar, that will add up
> to a decent impact on the bottom line which hurts
> compensation and the bonus pool.
>
> I realize it’s a drop in the bucket and if
> everyone else does it you feel screwed, but that’s
> part of what’s wrong with business and a
> contributing factor to why companies have recently
> been able to squeeze higher and higher margins out
> of the same revenue.
>

Definition of prisoner dilemma?

If your firm is small and your flight for work didn’t generate revenue from client fees…then yes, save them the money. Otherwise, hell no!!

If you do some work for the company during that hour I guess it doesn’t matter…..but seriously what’s an hour, is it that big a deal?

If you care (or love) your firm, then YES. If you can care less (or are bitter about the company) then f&ck them and let them pay for that extra $400

In general, you want your company to do well, because if they can’t do well by you, you can’t do well by them. Profitability is the result of countless day-to-day decisions like this.

On the other hand, if they are the sort of people that will say “Thanks for saving us money, I can use that for *my* bonus, and never give you any credit, then you need to get out of there, and one can understand why you might not give a rat’s a$$ about making your team profitable.

You want a quote?  Haven’t I written enough already???

While in my first job I had this trip to my hometown, so there was no need to book a hotel since I’d be staying with family for five days. I invited one person to have a nice dinner on company money thinking that since I saved them around $1K there shouldn’t be a problem if I exceeded by $100 once my daily budget for meals. Wrong. Since I was at the bottom of the totem pole they told me: “good you save us $1K but you shouldn’t have taken someone out on company money”. It sucks to be a newbie.

Friedman on the four ways money is spent

1.You can spend your own money on yourself. When you do that, why then you really watch out what you’re doing, and you try to get the most for your money.
2.You can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I’m not so careful about the content of the present, but I’m very careful about the cost.
3.I can spend somebody else’s money on myself. And if I spend somebody else’s money on myself, then I’m sure going to have a good lunch!
4.I can spend somebody else’s money on somebody else. And if I spend somebody else’s money on somebody else, I’m not concerned about how much it is, and I’m not concerned about what I get.

Inner Evil Voice Wrote:
——————————————————-
> While in my first job I had this trip to my
> hometown, so there was no need to book a hotel
> since I’d be staying with family for five days. I
> invited one person to have a nice dinner on
> company money thinking that since I saved them
> around $1K there shouldn’t be a problem if I
> exceeded by $100 once my daily budget for meals.
> Wrong. Since I was at the bottom of the totem pole
> they told me: “good you save us $1K but you
> shouldn’t have taken someone out on company
> money”. It sucks to be a newbie.

You should have invoiced them for the “hotel” stay at your parents’ house. My company will actually reimburse a friend or family member who provides lodging on a business trip. I think they will pay $50 or $75 per night.

This space available.

The comparisons to “what would you do with your own money” are irrelevant. Business travel is not the same as personal travel. If my company wants me to go somewhere, they’re going to pay so that I can do so in relative comfort. That doesn’t mean I’m going first class the whole way, but I’m generally going to take direct flights at normal hours, and not the red-eye through Atlanta (shudder).

That said, $400 for an extra hour isn’t that bad of deal. I’d probably do that for my company. Perhaps you can try to standby on the earlier flight while you’re there. If you don’t have access to an airline lounge, take some of the $400 you saved and buy a one-day pass.

why would you give a **** about that $400 when CEO can take 30k private jet flght.

Don’t tell me CEO’s time is too precious and mine isnt’

higgmond Wrote:
——————————————————-
> AntonioY Wrote:
> ————————————————–
> —–
> > ask yourself what you would do if you were
> paying
> > and do that.
>
>
> +1

Another +1. I know people who would always spend right up to the max on company meals, push the envelope on traveling expenses, etc, and it bothers me. There’s certainly a trade-off - if the choice was $50 saved vs. extra five hours, then heck no. But this is an easy trade-off. As someone else said, spend the extra hour with a book or a beer and enjoy the time away from your desk.

The problem there is that you can’t take that $400 in isolation. I want my company to spend as much money as is reasonable to make me feel comfortable. As a content employee, I will be far more productive and will probably produce more income than that $400 one-time cost. Likewise, if I’m travelling on business, I’m going to be in a much better and productive mood during tomorrow’s client meeting if I know that my employer bought me a $50 steak today, as opposed to a $5 Subway sandwich.

How much money have you guys made for your company compared to how much they pay you? 10x? 20x? Until they are paying you your marginal contribution to their bottom line, it’s totally justified to blow an insignificant amount of money on something that will improve your psychological well being (and hence productivity).

“Visit the Water Cooler forum on Analyst Forum. It is the best forum.”
- Everyone

Is the extra hour really all that inconvenient? $400 inconvenient?

If it’s going to be a major pain to wait the hour or rebook the ticket to save your company money, then there’s a case for just letting it be. But if it’s no biggie, and you don’t hate your company management, then yes, do them the favor.

But also note down every time you save your company money, and if you find yourself doing it often, then bring it up at your performance review, listed.

In my experience, the main problem isn’t so much doing the right thing for your company, but making sure that your work to save them money is recognized as just as important to profits as your work to make them money.

You want a quote?  Haven’t I written enough already???