Pros and cons of using WEP or Wifi Networking

Our office is experiencing very slow internet connection and I learned that we are networking via LAN or WEP.
I have been thinking of presenting the idea of connecting to the internet thru Wireless LAN or Wireless Networking but I do not know if using WiFi would make the internet connection faster and if the network would still be secured as that with WEP.
I would like to know the pros and cons of WPA and WEP.
Thank you and more power!
