Global LT | Blog

Are You Overspending on Employee Language Benefits?

Written by Patricia Diaz | Jul 31, 2023 8:32:03 PM

Consolidate Language Training for Better ROI

Fortune 100 companies often conduct language learning initiatives piecemeal, utilizing one-off programs that need more coordination and consistency. This fragmented approach can result in inefficiencies and missed opportunities for comprehensive language development.

Organizations can create a structured and cohesive language learning strategy by consolidating language training through a reputable vendor, such as Global LT. This ensures a more streamlined process and offers significant insights into employees' progress and return on investment. Once employees know that language is provided in their benefits package, your organization can use those insights to make hiring, promotion, and other human-centered decisions that are best for the business overall.  

Benefits of Using a Single Vendor for Language Training

Save Money and Gain Visibility with a Single Vendor

Budgets are tight as interest rates rise, so keeping an eye on every dollar going out the door is more important now than ever. Having one centralized vendor means you know exactly who in your workforce is utilizing those benefits, how they’re using their new language or culture knowledge, and how much you’re spending on language benefits.

You’re probably already paying for language benefits without knowing it because they come from one-off requests from employees. Having one vendor means negotiating a better rate for lessons in bulk instead of paying a premium for individual learners. 
 

Personalized Service and Scalability
Having one vendor means you gain immediate access to a wide range of language and culture resources. This means no more starting from scratch for each new language need. Having dedicated account managers also means there is someone available to enroll students in classes as soon as they're prepared to begin learning.

For large organizations with ever-growing language needs, scalability is essential. By partnering with a single vendor, you can easily expand or reduce your language training programs without delays or additional administrative burdens. This ensures that your workforce has the language skills they need to succeed, both now and in the future.

Global LT offers a comprehensive suite of language and cultural services, including language training, intercultural training, document translations, and live interpretations. This means that your employees have access to the exact resources they need to achieve their language goals, regardless of their specific requirements. As demand for language skills grows within your organization, being able to go back to one vendor who can do it all provides more efficiency and better returns.

Boost Employee Engagement and Decision-Making

Language training can significantly improve employee performance and satisfaction.  If one employee is learning a new language to do their job more effectively, trying to expand their sales territory internationally, or simply learning a new skill so they stay engaged on the job, chances are word is going to spread quickly that language lessons are offered as a benefit. By equipping your employees with new language skills, you can enhance their job capabilities, boost their confidence, and foster a sense of professional growth. This can lead to increased engagement, reduced turnover, and improved overall productivity.

There isn’t a department that’s immune from needing language learning. There’s a direct correlation between learning a new language and being more successful at work, from marketing, sales, support, and more. In fact, diverse teams are 87% better at making decisions, and diverse management teams lead to 19% higher revenue. By investing in language training, you can create a more inclusive workplace where employees can feel a better sense of belonging as well as higher overall satisfaction with the organization and company culture.

Offering language training as a valuable employee benefit can help you attract and retain top talent. Your benefit offerings are a way to demonstrate your commitment to employee development and career advancement, and it's a way to position your organization as an employer of choice. This can lead to a stronger talent pipeline, reduced hiring costs, and improved employee retention.

If you’re interested in learning more about language or culture training with Global LT, let us show you how our solutions are specifically custom tailored to your individual business and industry.