Video Conferencing in the New Economy?

Answer 1

Video conferencing is an excellent way to save money on business traveling expenses. There are many meetings that can be conducted this way. Company executives are using this method to perform a number of long distance meetings. For example, departments that have people in various locations in the U.S. or abroad can get together this way. Video conferencing is a good way to communicate. Each participant can see and hear the responses of the other. email communication does not offer this benefit. Thus, the meaning of communication can be misconstrued in the wrong way.

Human resource professionals are also using video conferencing to conduct interviews. In cases of international hiring, it can definitely be more cost effective to conduct initial interviews by video conferencing. Once the candidates have been narrowed down, the company can interview one on one. But this method saves the company an enormous amount of money and time.

People that are being laid off or fired are experiencing this method. Video conferencing is becoming a popular way to conduct international lay offs. Companies are finding that terminations via video conferencing is cost effective. It is too expensive in this economic climate to fly the person in for termination. This method is being criticized by many, but video conferencing is more appropriate than an email termination. Many companies are adopting this policy.

Additionally, businesses are using video conferencing to conduct training. Traditionally, companies will fly people in from all over the place. Travel expenses can add up to quite a fortune. Human resource departments and executives are finding that many training sessions can be conducted via video conferencing.

In occlusion, technological advancements are making it possible to save money in many areas. Video conferencing is a good and cost effective way to conduct many business transaction. The face to face meeting can not be replaced, but there are many cases when this technology makes more business sense. Company executives and human resource professionals have to continue to work together to work out the appropriate times to use this technology. It should not replace all personal meetings; it can merely supplement some interactions. The economic downturn is causing many companies that frowned on this procedure to consider this for their own organizations.