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5 Business Languages You Should Know To Get Ahead In Your Career

5 Business Languages You Should Know To Get Ahead In Your Career

The future of business is global, and there’s no getting around learning top business languages to survive.

By 2025, 50% of the world’s biggest companies will be based in emerging markets. This is up by 10 folds from only 5% in 2000.

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    CareerBuilder.com’s hiring forecast showed that 39 percent of U.S. employers said, they plan to hire bilingual candidates, and half said that if they had two equally qualified candidates, they would be more inclined to hire the bilingual one.

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    What’s more, salary bonuses vary depending on which languages you’re able to speak. Here’s a quick breakdown of a few different secondary languages and their annual bonuses as reported by The Economist:

    • Spanish — 1.5 percent bonus
    • French — 2.3 percent bonus
    • German — 3.8 percent bonus
    20140315_woc491 (1)

      This means that you can make an additional $50,000 to $125,000 just for knowing how to speak a foreign language!

      5 Top Spoken Business Languages You Should Know To Get Ahead

      To arrive at our 5 top spoken business languages, we took a number of factors into account.

      The first one is the number of native speakers. While this shouldn’t be the only factor you take into account when choosing what business language you should learn, there is a noticeable correlation of how impactful it would be.

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        The second is comparing countries with the largest GDP’s in the past (2010) and where they will be in the future (2020). While there are smaller variables taken into account, these two factors can help us narrow down the 5 top spoken business languages you should know to get ahead in your career.

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          1. English (365 Million Native Speakers)

          English is the obvious first choice when it comes to the top business languages. With economic powerhouses like the U.S, the U.K, and Australia, there’s no getting around English. Even when you’re speaking with native speakers from other countries, it’s likely that they speak English as their second language. Since most of the readers here are already English speakers, we’ll keep this section short and concise.

          2. German (92 Million Native Speakers)

          German is a perfect example demonstrating that the best languages shouldn’t be based on the number of native speakers in the world. Not only is it Europe’s largest economic powerhouse, with a GDP of 2.4 trillion Euros, but it’s also the largest export market for British goods.

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          Anyone seeking a job in the U.K, Austria, Germany, or anywhere that’s doing business with the companies (nearly everyone) in Germany, understanding the differences between ‘danke’ and ‘Ihr willkommen’ is critical.

          3. Russian (160 Million Native Speakers)

          Germany may have the largest export market for the U.K, but Russia is the U.K’s fastest-growing major export market. While there are fruitful opportunities to work with companies in Russia, there aren’t as many fluent English speakers that live in Russia, and knowing how to speak Russian comes with a big advantage.

          4. Spanish (406 Million Native Speakers)

          Recognized as one of the most popular European languages, Spanish is a beloved language not only in terms of usefulness in business, but in many areas of society. It’s the leading language that fuels many of the fastest-growing Latin economies in South America, Central America, and North America (Mexico).

          Given that it’s the second most spoken language in the U.S, with over 20 countries around the world that uses Spanish as their official language, 37% of American employers prefer hiring people who know how to speak Spanish.

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          5. Mandarin (935 Million Native Speakers)

          With just under a billion native speakers around the world, Mandarin has more native speakers than English and Spanish combined. This makes it one of the most attractive places in the world for businesses to target and a great investment for any professional to make today.

          Bloomberg has also ranked Mandarin as the number one business language to know after English.

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          Sean Kim

          Sean is the founder and CEO of Rype, a language learning app. He's an entrepreneur and blogger.

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          Last Updated on November 26, 2020

          How Relationships Building Helps Achieve Career Success

          How Relationships Building Helps Achieve Career Success

          As playwright Wilson Mizner supposedly said all the way back in the 1930s,

          “Be kind to everyone on the way up; you will meet the same people on the way down.”

          The adage is the perfect prototype for relationship building in 2020, although we may want to expand Mizner’s definition of “kind” to include being helpful, respectful, grateful, and above all, crediting your colleagues along the way.

          5 Ways to Switch on Your Relationship Building Magnetism

          Relationship building does not come easily to all. Today’s computer culture makes us more insular and less likely to reach out—not to mention our new work-from-home situation in which we are only able to interact virtually. Still, relationship building remains an important part of career engagement and success, and it gets better with practice.

          Here are five ways you can strengthen your relationships:

          1. Advocate for Other’s Ideas

          Take the initiative to speak up in support of other team members’ good ideas. Doing so lets others know that the team’s success takes precedence over your needs for personal success. Get behind any colleague’s innovative approach or clever solution and offer whatever help you can give to see it through. Teammates will value your vote of confidence and your support.

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          2. Show Compassion

          If you learn that someone whom you work with has encountered difficult times, reach out. If it’s not someone you know well, a hand-written card expressing your sympathy and hopes for better times ahead could be an initial gesture. If it’s someone with whom you interact regularly, the act could involve offering to take on some of the person’s work to provide a needed reprieve or even bringing in a home-cooked dish as a way to offer comfort. The show of compassion will not go unnoticed, and your relationship building will have found a foothold.

          3. Communicate Regularly

          Make an effort to share any information with team members that will help them do their jobs more effectively. Keeping people in the loop says a lot about your consideration for what others need to deliver their best results.

          Try to discover the preferred mode of communication for each team member. Some people are fine relying on emails; others like to have a phone conversation. And once we can finally return to working together in offices, you may determine that face-to-face updates may be most advantageous for some members.

          4. Ask for Feedback

          Showing your willingness to reach out for advice and guidance will make a positive impression on your boss. When you make it clear that you welcome and can accept pointers, you display candor and trust in what opinions your superior has to offer. Your proclivity towards considering ways of improving your performance and strengthening any working interactions will signal your strong relationship skills.

          If you are in a work environment where you are asked to give feedback, be generous and compassionate. That does not mean being wishy-washy. Try always to give the type of feedback that you wouldn’t mind receiving.

          5. Give Credit Where It’s Due

          Be the worker who remembers to credit staffers with their contributions. It’s a surprisingly rare talent to credit others, but when you do so, they will remember to credit you, and the collective credit your team will accrue will be well worth the effort.

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          How Does Relationship Building Build Careers?

          Once you have strengthened and deepened your relationships, here are some of the great benefits:

          Work Doesn’t Feel So Much Like Work

          According to a Gallup poll, when you have a best friend at work, you are more likely to feel engaged with your job. Work is more fun when you have positive, productive relationships with your colleagues. Instead of spending time and energy overcoming difficult personalities, you can spend time enjoying the camaraderie with colleagues as you work congenially on projects together. When your coworkers are your friends, time goes by quickly and challenges don’t weigh as heavily.

          You Can Find Good Help

          It’s easier to ask for assistance when you have a good working relationship with a colleague. And with office tasks changing at the speed of technology, chances are that you are going to need some help acclimating—especially now that work has gone remote due to the COVID-19 pandemic.

          Much of relationship building rests on your genuine expressions of appreciation toward others. Showing gratitude for another’s help or for their willingness to put in the extra effort will let them know you value them.

          Mentors Come Out of the Woodwork

          Mentors are proven to advance your professional and career development. A mentor can help you navigate how to approach your work and keep you apprised of industry trends. They have a plethora of experience to draw from that can be invaluable when advising you on achieving career success and advancement.

          Mentors flock to those who are skilled at relationship building. So, work on your relationships and keep your eyes peeled for a worthy mentor.

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          You Pull Together as a Team

          Great teamwork starts with having an “abundance mentality” rather than a scarcity mentality. Too often, workers view all projects through a scarcity mentality lens. This leads to office strife as coworkers compete for their piece of the pie. But in an abundance mentality mode, you focus on the strengths that others bring rather than the possibility that they are potential competitors.

          Instead, you can commit relationship building efforts to ensure a positive work environment rather than an adversarial one. When you let others know that you intend to support their efforts and contribute to their success, they will respond in kind. Go, team!

          Your Network Expands and So Does Your Paycheck

          Expand your relationship building scope beyond your coworkers to include customers, suppliers, and other industry stakeholders. Your extra efforts can lead to extra sales, a more rewarding career, and even speedy professional advancement. And don’t overlook the importance of building warm relationships with assistants, receptionists, or even interns.

          Take care to build bridges, not just to your boss and your boss’s boss but with those that work under you as well. You may find that someone who you wouldn’t expect will put in a good word for you with your supervisor.

          Building and maintaining good working relationships with everyone you come in contact with can pay off in unforeseen ways. You never know when that underling will turn out to be the company’s “golden child.” Six years from now you may be turning to them for a job. If you have built up a good, trusting work relationship with others along your way, you will more likely be considered for positions that any of these people may be looking to fill.

          Your Job Won’t Stress You Out

          Study shows that some 83 percent of American workers experience work-related stress.[1] Granted, some of that stress is now likely caused by the new pandemic-triggered workplace adjustments, yet bosses and management, in general, are reportedly the predominant source of stress for more than one-third of workers.

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          Having meaningful connections among coworkers is the best way to make work less stressful. Whether it is having others whom to commiserate with, bounce ideas off, or bring out your best performance, friendships strengthen the group’s esprit de corps and lower the stress level of your job.

          Your Career Shines Bright

          Who would you feel better about approaching to provide a recommendation or ask for promotion: a cold, aloof boss with whom you have only an impersonal relationship or one that knows you as a person and with whom you have built a warm, trusting relationship?

          Your career advancement will always excel when you have a mutual bond of friendship and appreciation with those who can recommend you. Consider the plug you could receive from a supervisor who knows you as a friend versus one who remains detached and only notices you in terms of your ability to meet deadlines or attain goals.

          When people fully know your skills, strengths, personality, and aspirations, you have promoters who will sing your praises with any opportunity for advancement.

          Final Thoughts

          At the end of the day, it is “who you know” not “what you know.” When you build relationships, you build a pipeline of colleagues, work partners, team members, current bosses, and former bosses who want to help you—who want to see you succeed.

          At its core, every business is a people business. Making a point to take the small but meaningful actions that build the foundation of a good relationship can be instrumental in cultivating better relationships at work.

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          Featured photo credit: Adam Winger via unsplash.com

          Reference

          [1] The American Institute of Stress: 42 Worrying Workplace Stress Statistics

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