The Lifetime Monetary Value of Learning Business English
Learning a new language has plenty of benefits. For instance, if you study English, you learn the language of diplomacy and technology. You could potentially land a job in a multinational company, move to work in another country, and secure your career growth.
Beyond enabling you to enjoy cultural products produced in English, investing in language lessons lets you increase the value you have in your workplace, potentially resulting in greater monetary gain. Let’s take a look at four reasons for this!
English helps you increase your productivity
A society benefits economically when its members can speak the same language. Production activities need collaboration, which involves understanding verbal and written instructions in the same way. If your business is all within your country, you do not have to learn another language to become more productive.
However, if you have international partners, making an effort to learn their language will give you a deeper understanding of your counterparts’ expectations beyond what a translator can convey. If buyers and sellers understand each other, doing business comes much more easily!
English makes you more globally competitive
When you learn English, you gain access to a language used by over 100 countries. More than 1.5 billion people in the world are trying to learn it, and it is the official language of 35 countries. It is also widely-spoken in countries where it is not mandated by law, like the U.S., U.K., Australia, Sweden, and the Netherlands.
There is a direct correlation between a country’s economic performance and the English skills of its population. GDP and GNI go up with more proficiency in English. When you zoom in, you see those job seekers who are highly fluent in English earn anywhere from 30 to 50 percent higher than non-English speaking colleagues in their country.
English is the corporate language of multinationals
The market dictates supply and demand, and the same is true for labor. If you are part of an international company, you will get better opportunities if you learn English. Companies like Airbus, Samsung, Daimler-Chrysler, and so many others chose English as their official corporate language.
Even companies that have not instituted company-wide policies prefer English only for their leadership teams. Others have turned to the language despite having their headquarters in non-English-speaking countries. Paris-based company Sodexo, for instance, could have had French as its official language. However, only 35,000 of its staff are in the country, and 125,000 are in the U.S.
English is the most widely-spoken language online
As of January 2020, English remains the Internet’s most widely used language, representing 25.9% of users. It’s even more commonly used as the content language on websites, used by 59.8% of sites. With 4.57 billion active users accessing the internet daily, plenty of data is shown in this language.
In the age of remote work and digital connectedness, learning the internet’s dominant language is crucial. People who are fluent in English can get employed in other countries without leaving their home country.
Conclusion
Learning another language offers several economic and cultural returns. If you are fluent in English, you will open yourself to work and opportunities in English-speaking companies and countries. You also become a more flexible worker—with more and more companies establishing an online presence, being able to communicate your value is a vital tool for success.
The best way of learning a new language is by immersing yourself in it, and that is what we provide at Diáfano. We help individuals and companies achieve growth and accelerate their efforts to learn English. Our specialized programs are tailored to your needs and adhere to the Common European Framework of Reference for Languages (CEFR). Get in touch with us to learn more!
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