Why are language and cultural benefits such hot topics right now? Because they’re essential to employee happiness, engagement, and retention. Employees who feel included and respected by their employer are more likely to stick around and work hard.
One way to foster employee engagement is to offer language and cultural benefits. Giving your employees the opportunity for professional (and personal) growth shows that you’re invested in them as people.
Upskilling vs. Hiring Externally
A study by Gallup shows that the cost of replacing an individual employee can range from 1.5 to 2 times the employee’s annual salary. That means an employee who earns $50,000 a year can cost the company $75,000 to $100,000 when they leave.
Upskilling, on the other hand, is just a fraction of that cost. It will help reduce skill gaps, boost productivity, and support career growth, helping your company stay competitive. And as business becomes increasingly global every day, it’s imperative to offer benefits (like language and culture) that are relevant to how business is being done.
Impact on Employee Engagement
While even the experts can’t agree on a definition, there is a consensus that employee engagement is an employee's state of mind influenced by their motivation to do their work. Employees who can grow and learn through language and cultural benefits will be more engaged and productive.
Why is upskilling with language and cultural benefits effective?
- Higher retention rates. Investing in your employees’ professional development increases job satisfaction and loyalty, resulting in lower turnover rates, and saves time and money on resources to replace those who leave.
- Enhanced productivity. Upskilling employees allows them to learn new skills (like a new language!) and work more efficiently, leading to higher productivity. Those with the right tools and training are more likely to address challenges confidently.
- Improved company culture. Providing these benefits demonstrates that you’re invested in employee growth and development, which fosters a sense of inclusion and belonging, leading to higher morale and better performance.
Opportunities to learn and grow are essential for employee engagement and happiness in today’s workplace, and upskilling and reskilling are excellent places to start. Global LT offers language and cultural training to help your workforce gain the skills needed to grow.
Let us know if you’re ready to learn more about how Global LT can help increase employee engagement. We’re here to help.
This blog post was written by Megan Tully, Marketing Manager.
