Meetings and Events Fall Short on Risk Management: iJET Survey



Most meetings and events organizations aren't meeting minimum standards of risk-managment protocols for attendees, according to a survey conducted by iJET International and GoldSpring Consulting. The report, "Achilles Heel: Meetings & Events Risk Managment Lags Corporate Travel Programs," concluded that because plans for meetings and events often fall outside of corporate-travel programs and processes, the risk-management component of travel programs simply doesn't apply to meetings. The results were based on survey responses from more than 400 meeting and event planners and decision makers.
 
More than half of the respondents require further training in applying risk-managment best practices to meet industry standards, according to the report. The contrast between management of business travel vs. meetings and events is stark: While nearly two-thirds of respondents (64 percent) had a business-travel risk-management policy in place, only 29 percent of those cases included standalone programs that directly supported meetings and events. A mere 16 percent had policies in place that specifically covered both business travel and meetings, while more than half (55 percent) had policies that strictly applied only to business travel.

Meeting Escrow provides financial and risk management solutions for the Meetings Industry worldwide. Read more about how we can work together here.





 
Posted: 3/29/2018 6:58:29 AM by Meeting Escrow Blog | with 0 comments


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