Embracing Teleconferencing Over Traveling | Fora Financial Blog
Why You Should Embrace Teleconferencing Over Traveling
January 07, 2020
board having video conferences abroad

Why You Should Embrace Teleconferencing Over Traveling

Teleconferencing enables business owners to hold a meeting between people in different locations. Many businesses are embracing this practice as an alternative to business travel. Both options have pros and cons, but there are many reasons to consider a move to teleconferencing. 

Technological developments have made teleconferencing more secure and reliable than it was in the past. While audio conferencing is still popular, video conferencing is booming.

There are many affordable teleconferencing services. In addition, programs such as Zoom offer free options so you can try them risk-free. 

Technological Advancements In Teleconferencing

Technological advancements have resulted in dozens of new teleconferencing options. There are different kinds of teleconference calls, each of which has improved due to new technology. 

Audio conferencing was the standard for many years. While there are downsides to audio-only teleconferencing, it still has its place. Conference calls can be put together at a moment’s notice and require little preparation. They’re unlikely to result in technological mishaps since all you need is a phone. 

Recent developments in audio conferencing include higher quality audio and recording options. Online systems allow call organizers to keep track of who has joined the call. 

Audiographic teleconferencing is like a conference calls, but with a visual component. It requires an audio connection and a way to share visuals. Participants speak to each other and use their computers to view presentations or documents. 

Video teleconferencing is the fastest-growing method of teleconferencing. There are a few reasons why video conferences are often preferable to audio conference calls. They feel more like traditional meetings and lead to higher engagement. Employees are less likely to get distracted or miss vital information while trying to multitask. 

High definition video and safeguards against lag are some of the latest improvements in video conferencing. 

Category: Business Travel 

Business travel isn’t going away anytime soon — nearly 445 million business trips occur every year. Many employees enjoy the excitement of travel and the opportunity to meet in person. For businesses, travel may seem like the best way to impress potential clients. 

Of course, travel also has downsides. It’s expensive, and it’s stressful for workers, especially if issues arise, such as delayed or overbooked flights. Plus, it can be wasteful if the traveler’s time and spending aren’t carefully planned.

Pros of Business Travel

  • Networking opportunities: It’s hard to find the time to network with fellow industry experts and potential clients. However, traveling to a new location can lead to unexpected possibilities. You or your employees might make a connection in a hotel lobby or during downtime at a conference. 
  • Effectiveness: In-person meetings may be more effective when it comes to dealing with clients, customers, or vendors. Some people feel more comfortable closing a deal in-person. However, video teleconferencing may be a good compromise. 
  • Employee attraction and retention: Many employees enjoy traveling for business. For those who do, the opportunity to see new places and meet new people is a major perk. A 2018 study found that 30 percent of professionals accepted their job partly or entirely due to travel opportunities. 
  • Travel rewards: There are credit cards available that make business travel enticing. Using these cards for your business expenses can lead to free hotel stays and deeply discounted flights.

Cons of Business Travel

  • Cost: High costs are a big disadvantage of travel. The expense of flights and hotels isn’t the only consideration. Employees need to get around at their destination, which means renting a car or public transportation. They’ll also need to be reimbursed for meals.
  • Travel snafus: With travel, there’s always a risk of issues such as delayed flights or lost luggage. These events are especially troublesome when you’re on a tight travel schedule. For international trips, problems can arise with work visas or passports. 
  • Waste: A productive and efficient business trip can be a worthwhile investment. However, it can be hard to ensure that a trip doesn’t end up as a waste of time and funds. Failing to plan each aspect of the journey makes excessive spending and downtime much more likely. 
  • Stress: Business travel is more stressful than teleconferencing, even for people who enjoy it. Frequent travel requires employees to spend extra time away from their families and hobbies. Therefore, it can lead to burnout.

Travel Conference

Category: Teleconferencing

Teleconferencing can handily resolve many of the disadvantages of business travel. It’s convenient and tends to be inexpensive, especially compared to travel. Many teleconferencing providers offer tools and features that increase productivity. 

Pros of Teleconferencing

  • Speed: Business trips often require weeks to plan. For last-minute trips, flight prices are high. A teleconference, on the other hand, comes together lightning-fast. Employees on opposite sides of the globe can be working on an issue face-to-face within minutes.
  • Convenience: Need to meet with your team every day until a project is complete? Travel isn’t going to work unless you have an unlimited budget. But, you can set up a recurring video meeting for as long as you need it. 
  • Cost-effective: Small businesses may be able to teleconference for free. If you need something more robust, there are many affordable options. You may decide to purchase some teleconferencing equipment, especially in meeting rooms. All your employees need is the laptop or smartphone they already have. 
  • Productivity: Modern teleconferencing solutions offer tools for enhanced productivity. For example, you can record your meeting and refer to it later. Options like screen sharing make it easy for people to work on a project together. 

Cons of Teleconferencing

  • Technical issues: Conference call services were once notorious for static, garbled audio, and dropped calls. Adding video has the potential to result in issues like annoying lags and frozen video feeds.
  • Impersonal: It can be hard to establish rapport, especially among people who haven’t met in person. This can be especially troublesome for situations such as integrating a new employee into a team. 
  • Training: Many teleconferencing programs are intuitive. However, in some cases, training is required to get the most out of them. Employees who struggle to use new software won’t be excited about its benefits. If training is necessary, it takes time and money to implement. 

Best Teleconferencing Tools

  • Skype offers meeting capabilities for up to 250 participants. Its features include screen sharing, instant messaging, and a whiteboard tool. For fewer than ten people, you can have unlimited free meetings, an ideal option for small businesses. 
  • Zoom features free video meetings of up to 40 minutes for 100 participants. If you need to host longer meetings, the Pro package is $14.99 per month. Perks include high-definition video and voice. During video calls, Zoom automatically detects who’s speaking and shifts the video to them. 
  • Webex has more bells and whistles than some of the other options out there. It offers its own devices, from desktop camera options to smart whiteboards. There’s a free option for meetings up to 40 minutes with 50 participants. Paid plans start at $13.50 per month. 

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Frequently Asked Questions

What technological advancements have improved teleconferencing?

Improvements include high-quality audio and video and tools like screen sharing and remote access. Even simple conference calls have improved, as call organizers can now record calls and keep track of participants online. 

What are the main advantages of teleconferencing?

There are several reasons that businesses may prefer teleconferencing over business travel. It’s more affordable, setting up a teleconference is fast and easy, and the meeting itself will likely be productive.

What are some of the best teleconferencing tools available today?

Popular options include Skype, Zoom, and Webex. All three have free tiers and affordable monthly plans. Features to look for include screen sharing and HD video.

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Fora Financial is a working capital provider to small business owners nationwide. In addition, the Fora Financial team provides educational information to the small business community through their blog, which covers topics such as business financing, marketing, technology, and much more. If you’d like to see a topic covered on the Fora Financial blog, or want to submit a guest post, please email us at [email protected].