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Meeting the Cost of Meetings

By Maddy Price
Thursday, October 29, 2015 - 16:45

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There are many demands made on the modern business; providing interactive workplaces, distance working options for staff, innovative marketing schemes, all of this comes at a cost. One of the most costly outgoings for companies is travel costs for out of office meetings.

A recent study by Regus indicated that the average company spends £16,000 a year per travelling employee. So if you have a 3 man sales teams who are travelling to meetings each week you could be wasting over £30,000 on avoidable travel costs – perhaps making a few changes would be the difference between hiring a new member of staff, or upgrading technology.

Many international companies are turning to Skype to reduce their spending, a conference call is often sufficient for smaller meetings and with Skype there is still the personal touch of being able to see your client.  And it costs nothing.

Regus suggest that face-to-face meetings are still the bread and butter of a successful business and as such would encourage companies to share the travel cost by meeting half way; Regus supply meeting rooms in 900 cities in 120 countries which enables suppliers and clients to meet at a location convenient to both, less travel time means not only reduced cost but also greater efficiency.

The business world had changed, now we are balancing between being Fast-Paced and Ethical, High-Tech and Eco-Friendly, reducing travel cost and travel time is an obvious way to aid this balance and improve productivity.

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