"The effect of a one standard deviation change in the company’s high-performance HR system will increase 10-20 % of a firm’s market value. Better management of human resources, in other words, yields a better bottom line."

#1 Provide opportunities for professional development

72% of employees report that they can accomplish tasks in a shorter time frame after undergoing language training. With a corporate account, your company could see a significant 25% increase in productivity across your global teams.

Furthermore, multilingual companies can access 3x times more business markets than their monolingual counterparts, thus expanding their global reach and potential for success.

#2 Facilitating cultural integration programs

Cultural integration program is basically a formalized way to teach prospective employees about the surrounding culture.

Training may also include educating employees from the local culture about the various cultures of new hires. Workshops may have employees learn about the theory of culture (such as the iceberg model), discuss various practices, and even share food and traditions with one another.

#3 Promoting a diverse and inclusive workplace

Do people feel a sense of belonging? Are multiple voices and perspectives represented?

Some companies outsource this labor to consultants or hire their own dedicated Diversity, Equity, Inclusion, and Belonging (DEIB) experts.

These professionals may want to conduct an internal survey to determine the most important aspects to focus on.

#4 Making global mobility possible

By opening up different positions to employees across your company, you can focus your resources on retaining globalized talent, rather than starting the hiring process anew.

#5 Promote work-life balance

Respect the workday hours and PTO (paid time off). If employees must work beyond a typical workday due to differing timezones, communicate other times when they may rest or be “offline.”

Keep in mind that different employees may have different ideas of work-life balance, depending on their cultures and a variety of other factors.