Welcome to 2022, the year of the hybrid workplace and many other innovative ways to handle global business. Businesses need to be sure to utilize business language training because your company is looking to reach clients worldwide and to do this successfully you need to be able to communicate in the language of the region, as well knowing business-specific terminology. In order to level up your employees to handle the globalization of your business, companies like Preply Business offer business language courses, which you can find out more about here. We’ll be talking about this topic and more in this article, so follow along to learn exactly how business language training is being used by companies in 2022.
Did you know that US companies lose out on roughly $2 billion due to a lack of language training? This stems from how business language training can help avoid cultural miscommunications. Companies need to understand that the requirements for global business have grown, and part of the priority needs to be incorporating business language training for companies.
Expand the Company Network
With a workforce that’s able to function in any environment that they are sent to, you’ll find yourself with a budding network of people to help expand your business. Your employees will be able to interact with all types of clients and contacts and be able to foster business relationships among all of these people. This will help your business with breaking into and growing within the global marketplace. You’ll also be able to gain insights into the global markets that your company is working in, which will reveal new ways to succeed. Around 40% of business deals are happening across borders. Being able to break down the cultural barriers and create high-quality working relationships is one of the keys to global business. Effective communication and a willingness to learn goes a long way. Keep in mind when working across the globe that sometimes you will need multiple languages in the same area. In certain regions, different languages are used for different things in the world of business. You’ll need to know which one to use to succeed.
Develop Your Global Mobility
Language training for employees is a critical part of a solid global strategy. With global business increasing, there needs to be an improvement in global mobility strategies. In a study by Ernst & Young that included around 700 executives, only 25% said that they have a global mobility strategy. This needs to increase dramatically for a truly successful global market. Language training for business helps to learn the language while also covering the cultural side of said language. Culture is an important aspect of handling business. Not only will business language training help develop and retain good employees, but it will show the clients that your company is willing to learn their language and put in the work and effort to cater to their cultural needs and that shows a level of respect. This will build trust and endear your company to them, encouraging continued business. It will help to build and strengthen your employees’ networks, opening your company up to new business opportunities across the world.
Happier and More Successful Employees
For a strong company, you need to invest in your employees’ growth and development. Your employees will see many benefits to learning a new language, which will in turn better the company. Here are a few things that employees can gain from language learning for business.
- Mental acuity: Employees who study a new language have reported seeing a noticeable increase in their mental capabilities. They’ll show better problem-solving and multitasking abilities, better focus and memory recall, and even better social awareness.
- Confidence: Learning a new language is a solid accomplishment, and when one completes a challenge like this, they feel capable of anything. Employees who feel confident in their day-to-day tasks and interactions will be able to do their job better. Whether working with clients or their coworkers, they’ll be more willing to speak up and take on new responsibilities for the company after taking a business language course.
- Employee retention: When employees are allowed to develop their skills through their job, they’ll feel like they are being taken care of by their company and will therefore be more likely to stay put in hopes of moving up the company ladder.
There are so many ways that companies can utilize business language training. What we’ve covered here is just the tip of the iceberg. Companies need to educate themselves on the benefits of business language courses and how they will improve your employees’ abilities as well as their business’s bottom line. If you take the time to use courses like Preply Business, you will get a great ROI and see a boost in your business!