Some companies provide a corporate credit card to certain employees to cover daily expenses. There are several ways a company can set up a daily allowance structure for its employees, including: Company credit card Some costs commonly covered by a daily allowance include travel expenses, such as accommodation, food, fuel, client entertainment, or incidental charges like tips at a restaurant. Many organizations use a daily allowance to budget more effectively for consistent and ongoing expenses. Related: How to Write a Sick Day Email (With Tips and Examples) What is a daily allowance?Ī per diem allowance is a pre-determined or accepted amount an employer can reimburse you for business expenses. Organizations use this type of employment to cover employee absences due to sickness or vacation and during busy times of the year. Per diem can also refer to a type of employment where a company compensates an employee per day for the work they complete. ![]() A company identifies daily allowances within an employment contract or employee handbook, so it's essential to know if you have this benefit.ĭepending on the company and position, a daily allowance can cover travel expenses, entertainment, food, or other costs associated with your job. Per means "for each," and diem translates as "day." The concept of per diem typically describes a daily allowance provided to an employee to cover working expenses. When answering the question, "what is per diem?", you can begin by recognizing that the term comes from the combination of two Latin words, per and diem. In this article, we discuss the definition, purpose, and functions of per diem expenses and employment, identify the benefits of working as a daily paid employee, and answer frequently asked questions. Learning what per diem means as an employee can help you better understand submitting business expenses and the option of working daily. In both cases, the term describes the company paying per day for work completed or reimbursing costs. ![]() Many companies use the word "per diem" to describe either a type of compensation and employment or when referring to business expenses incurred by employees. There is a title "What Is Per Diem?" and the explanation "Per diem means "for each day." It is a daily allowance to cover expenses like lodging, meals, and incidentals." A woman is sitting in a chair working on a laptop that is in her lap.
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