A recent study by DeepL highlights the significant financial implications of language barriers faced by UK businesses operating globally. The study indicates that UK leaders estimate a loss of over £300,000 annually due to challenges stemming from the reliance on English. Notably, 87% of workers report frequent communication issues, affecting both negotiations and internal collaboration. While most companies value multilingual capabilities, many do not promote language diversity within teams, causing frustration and feelings of embarrassment among non-English-speaking colleagues. This situation reveals a pressing need for proactive language strategies to enhance international business performance.
UK businesses are collectively losing over £300,000 annually due to reliance on English and the resulting language barriers, referred to as the "Translation Tax."
Despite international operations, 87% of workers face language-related challenges, with significant impacts on negotiations and commercial results.
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