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EVERYBODY knows that companies have cut their employees' expense accounts in this sputtering economy.
By not providing a concrete formula, the government is inviting companies to save themselves a bundle at employees' expense.
While such contracts have reduced the level of long-term unemployment compared with past recessions, flexibility comes at the employees' expense where employers and managers are unscrupulous.
Abbe was concerned that future owners of Zeiss and Schott would tempted to enrich themselves at the companies' and employees' expense, so in 1889 he set up and endowed the Carl Zeiss Foundation to run the two companies.
Back then, internal controls over employees' expense accounts were sometimes considered a joke, even by the people who were supposed to enforce them, according to the chairman of an audit committee at an aluminum and plastics company.
One of those cases was a lawsuit by employees of ABB, a power generation products manufacturer, against the company and Fidelity, the mutual fund giant, over accusations that ABB paid excessive fees, at the employees' expense, to manage the company's 401(k) plan.
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"I was able to lower our employees' expenses by 70 percent from our previous vendors," Mr. Loeper said.
Next door to a Safeway supermarket on the Edgware Road in London, a group of British accountants and tax experts has built a business service called GlobalExpense that handles employees' expenses over the internet.
Then you can define different sets of policies to limit your employees' expenses.
Airbnb says that this integration has been a huge help to growing Airbnb for Work, with Concur seeing a 42percentt increase in employees expensing Airbnb stays from 2016 to 2017.
AppZen, which has developed an AI platform that analyses employees' expenses to sniff out when someone is either violating company policy, or actively committing expense fraud, has raised $35 million in a Series B round of funding.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com