The concept is easy: The extra an worker saves their firm on journey bills, the extra rewards they earn to make use of on private journey booked by way of Navan.
Navan is celebrating its eighth anniversary, and to mark the event, they’ve a particular reward for our prospects. Navan is revamping its rewards program and can now absolutely fund 100% of rewards. Particular person workers can now earn as much as $100 in rewards after they ebook eligible motels that save their firm cash.
Corporations are at all times trying to minimize down journey prices whereas sustaining a very good worker expertise. Nevertheless, workers on an organization price range typically view coverage caps as versatile limits. Navan Rewards presents a brand new resolution. This program incentivizes workers to make cost-effective selections whereas touring for work.
The concept is easy: The extra an worker saves their firm on journey bills, the extra rewards they earn to make use of on private journey booked by way of Navan. Rewarding workers for decreasing enterprise journey prices could make a giant distinction to an organization’s journey price range. The Navan Rewards program has already been profitable, with some corporations experiencing as much as 15% journey value financial savings and 19% larger adoption charges.
Now, Navan is taking this system one step additional. As of in the present day:
- Navan is absolutely funding these rewards. Corporations received’t should pay something.
- Rewards could be redeemed for private stays booked on Navan. Staff can earn as much as $100 in rewards every time they ebook, and so they can redeem rewards as they’re earned — there are not any blackout dates, ever.
- Staff additionally earn when reserving on behalf of others. Journey managers and govt assistants will financial institution rewards for themselves when reserving on behalf of others.
In a world the place each penny counts, Navan Rewards presents a sensible resolution for corporations trying to scale back journey prices whereas retaining their workers pleased and motivated.
Journey for Work; Save On Trip
It’s no secret that everybody loves rewards; however for enterprise vacationers, the stakes are notably excessive. That’s the place Navan Rewards is available in, providing a novel alternative to maximise earnings by permitting vacationers to double-dip on each Navan Rewards and resort loyalty factors — all inside a single reserving platform.
Right here’s how Navan Rewards works:
- Staff earn rewards when reserving eligible cost-effective motels on Navan
- Staff redeem rewards for private journey booked on Navan
- Directors see the financial savings add up in a real-time dashboard
For enterprise vacationers, discovering rewards is a breeze. Navan search outcomes present potential rewards, permitting vacationers to simply select the most suitable choice for them. “I actually love Navan’s function that lets you earn rewards by going with extra financial choices,” mentioned an finish person in a evaluation printed on G2.com.
Decrease Journey Prices, Improve Adoption Charges, and Enhance Firm Tradition
Navan Rewards is a game-changer for workers, journey managers, and finance groups, with wide-ranging advantages for corporations as an entire.
- Staff are incentivized to ebook on-platform and beneath coverage limits
- Directors profit from boosted platform adoption, elevated coverage compliance, and higher visibility into spend (and financial savings!)
- Corporations get monetary savings — backside line.
You might name it a win-win.
Corporations already enrolled in Navan Rewards have seen a marked improve in platform adoption charges whereas additionally having fun with a major lower in journey spend. In actual fact, Navan prospects collaborating within the revamped rewards program from August 2022 by way of January 2023 noticed 19% larger charges of adoption.
“[Our employees] are incentivized for spending the corporate cash correctly. Additionally they get an amazing lodging expertise,” mentioned Hugh Drinkwater, Head of Procurement, Carta. Since switching to Navan, the corporate has saved 15% on resort bookings and automobile leases.
Simply as vital: Corporations can ship a pleasant worker expertise whereas leveraging Navan Rewards as an worker perk. It’s a straightforward — and free — approach for corporations to help break day and create a PTO-positive office tradition. In flip, rewards assist increase worker engagement and satisfaction, resulting in larger retention charges.
It’s easy to see how Navan Rewards advantages everybody concerned. Staff are excited to ebook on Navan and earn rewards, and admins acquire visibility into spend, save time, and earn traveler belief.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Community; his duties embody enterprise improvement and planning for TravelDailyNews long-term alternatives.