High Travel Costs Boost Video Conferencing

Company executives traveling to outlying company offices is about to become a rare event.  Increasing airfare and the high cost of hotel rooms has sent companies hurrying to video conferencing.

Every dollar saved in travel costs goes quickly to the bottom line.  Readily available broadband internet connections mean high quality video conferencing is now available to companies both large and small..  Travel between headquarters and branch offices no longer makes financial sense.  Video conferencing saves both money and time when compared to business travel.

The added benefit of video conferencing is virtual face-to-face meetings without adding to the company’s travel cost. Reliance Communications provides professional videoconferencing facilities says studio bookings have almost tripled in the past year. These over the internet meetings are being increasingly used by pharma companies, insurance firms, banks, engineering and IT companies.

Videoconferencing as Recruiting Tool

It is reported that human resource departments of large firms are using video conferencing to recruit middle and senior level employees.  It can almost be like holding a video job fair.

Companies are most likely to use the video conferencing for interviews, product development meetings and short in-house domestic and international meetings. The technology is also being used for employee training sessions, sales presentation and product launches.

Of course, some business trips may be unavoidable, but more and more companies are taking a much closer look at travel costs and seeking alternatives.  Teleconferencing and videoconferencing are being chosen as the most convenient solution.

In the past this technology was mainly used to save time, but with inflation touching new highs, it has become the smartest way to keep in touch with a company’s branches.

Videoconferencing for Globalisation

Many big companies have been using videoconferencing since the past three to four years. They feel it is not only more efficient, but is also a necessary part of the globalisation process. The recent surge in airfare, however, is motivating even smaller firms to consider the use of this technology to cut operational costs.

Apart from saving time and money a company can communicate with more than one location at any given point in time. 

Videoconferencing is not only here and widely accepted, it's a growing business with a bright future.

Video Conferencing Systems Explained >>

Web video conferencing is here now. 
     Bruce Chandler

High Travel Costs Boost Video Conferencing