IIE reports Cross-Culture Education An Advantage in U.S. Business
In a recent report by the Institute of International Education (IIE) findings show that an international education or study abroad experience in recent hiring practices and promotional strategies is being rewarded. The survey was focused on U.S. business, however, the finding can be exported to other nations as well especially for U.S. businesses overseas. This is particularly important for non-North American young people considering higher education opportunities.
In a recent survey, ninety percent of senior management who reported studying abroad during their own careers also reported a hiring or promotion strategy that actively sought out and rewarded study abroad experience. – Report prepared by: Robert Gutierrez, Sr. Manager; Rajika Bhandari, Director Research and Evaluation
While research in higher education finds that U.S. students are a minority in the study abroad or international education industry 30% of senior leaders surveyed reported participating in at least the short-term study abroad arena of international education exchange. ELI 360 believes there is a strong correlation to these facts. International education provides career-relevant skills that impact the future opportunities of today’s young people and should be part of their education strategy.
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Respondents also provided concrete suggestions for how companies can better recruit students with international experience, including for example:
- Working more closely with study abroad offices to enhance recruitment possibilities
- Providing corporate-sponsored internships or scholarships, and
- Increasing international opportunities and assignments for new and existing staff.
To download the full briefing paper, “The Value of International Education to U.S. Business and Industry Leaders: Key Findings from a Survey of CEOs,” visit International Institute of Education website post.
Selected Comments from CEOs on the Value of International Experience
“International experience as a student or executive is invaluable today to understand that there are no boundaries in the search for excellence whether in recruiting, sourcing, or outsourcing.” – Chairman of a mid-sized company
“The global community that exists today will only continue to expand in future years. Leaders today and in the future will have to understand multiple languages, cultures, and “the emotions that drive the global forces” to understand business and politics. All people as well as students have to be acutely aware of world events on a daily basis or they will be lost in the world of business.” – President of a large company
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