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. Â 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.
