Startups are all the rage right now, but there’s still something to be said about working for a multinational company. The experience, the diversity, and the high stakes all make for an interesting work environment. Awesome company culture has become a key feature in the ID of modern businesses. While organizational structures differ from company to company, HR professionals at multinational companies face all these top HR challenges. Read how other companies are navigating them.
1. Diversity and inclusion
Multinational companies hire staff from different countries and even employees from the host country likely have global experience or speak multiple languages. Hiring a diverse workforce seems to be getting easier now that the world has learned (or at least, is learning) how to sucessfully work from home -wherever your home might be. However, recruiting worldwide means you need to learn how to manage diversity and inclusion in the workplace (easier said than done!).
However, once you have it under control, this sort of diverse work environment provides daily opportunities to learn other customs, engage in cultural dialogue, and become informed about international politics without even booking a flight. Engaging in cultural exchange is as simple as striking up a conversation with someone in the break room.
A diverse work environment doesn’t just enrich company culture. It increases an organization’s bottom line as well since different viewpoints and ideas lead to creativity and problem-solving.
2. Growth and Development Opportunities
One of the top perks employees go after is the chance to keep growing in their role, both professionally and personally. It is hard to determine what your employees will appreciate and how to pitch what you think is valuable.
Listen to your employees, ask them directly what they’d like to work on, what skill they would like to develop, and what path they’d like to take.
If your workforce is international, help them feel included and as competent in English as they do in their native language. For that, choose online business English courses that adapt to their needs. Encourage them to join free webinars on communication, or offer them training budget they can spend as they wish. All these opportunities are incredible allies that will help you attract the right people and retain them for longer.
3. Room for Global Advancement
Multinational companies inspire confidence and employees tend to expect opportunity to advance, especially if relocating is on the cards. Make sure you write a successfu Succession Planning. This is the process of identifying and tracking high-potential employees who will be able to fill top management positions when they become vacant. It is a plan that managers can follow, implement, and customize to meet the needs of their organization, division, and/or department.
4. Future Job Opportunities
Today’s employers are eager to snap up qualified candidates with global experience. Someone who already has experience managing international projects or traveling several times a year can easily transition into a new role at a multinational firm.
Read how to attract top talent through LinkedIn here.
5. Networking Opportunities during Covid-19 Times
Perhaps the most underrated part about working at a multinational company is the network one builds. Employees who build genuine relationships with their colleagues and business contacts wind up with a rich, diverse, and international network. In 2020, these perks are generally undermined, but as an HR manager, you can do your bit to make up for it.
This valuable network makes itself useful in unexpected ways. Whether an employee moves to another country, wants to break into a new industry or wishes to create their own startup, they can tap into their contacts to access the people and knowledge they need.
Multinational companies offer diverse workplaces that create the conditions for innovation and creativity. But they also do more than that. They provide employees with international work experience, opportunities, and networks that can take their career to the next level.
[This article was originally published in 2017, and was updated in 2020.]
Help your employees take their professional English communication skills to the next level with any of the following modalities:
Individual lessons – the most personalized course your workforce can get.
Group courses – small groups with specific topics to work on.
Company webinars – private sessions we customize for your company.
Remote. Flexible. Effective.
For any additional information or questions, you can also reach out at info@talaera.com.
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