Executive Summary
The paper analyzes the criteria and benefits that allow students to work abroad. The focus is on the requirements of employers and the advantages of students’ studies for both parties. Several articles and texts are reviewed to identify the needed factors and the results of study abroad.
Introduction
The world is becoming more interconnected every day, and it has become much easier to gain working experience abroad. This is especially true for a graduate student. This sort of pattern is getting more popular with education on the go and so, there is not a lot of extensive research that could verify or predict specific correlations.
But from the research that does exist and by consulting employers about the matter, it was possible to establish that there are numerous benefits of studying abroad and further employment. Not only there are social and organizational benefits, but there are personal as well, which later help to carry over skills into the workplace. This process gaps the bridges between nations, making business much more efficient.
Analysis of the current graduate labour market both general and specific
The primary benefit is that students get valuable experience in the business matters of a different nation. This is very much valued by employers because it allows a person to get a perspective and deeper knowledge of the social life, politics and economy.
An employee who has been suscepted to different culture and beliefs also has a better ability to adjust to the working environment, which is one of the most important criteria when hiring personnel. Employers usually look for extra skills that a person has, so that they can advance in multiple fields in the workplace, and knowing another language and having information about people’s demands will be to the organization’s advantage.
This trend is getting closely recognized in the business world, so more and more companies are starting to look for this particular quality. One of such programs is called ERASMUS and is based in Europe. There are millions of individuals who get involved with the program which is financed by the European Commission (Teichler and Janson, 2007). At the same time, the universities have direct connections with many other educational institutions all over the world.
This allows for a faster and more efficient exchange of information and general requirements. Those who do not have an opportunity to study abroad or those who choose not to commit to such an extent, will be at an immediate disadvantage. It is widely known that visiting other nations of the world allows for a wider spectrum of education, as a person is suscepted to a different stimulus apprehension.
The unique environment triggers certain areas of the brain that would otherwise stay dormant in a usual and too familiar environment (Parey and Waldinger, 2011). In most extreme cases, people who come from secluded countries to work in a foreign environment, will have predispositions that are not accepted by the modern world. By travelling to other countries, a person learns that each society is unique and does not judge as harshly and unknowingly.
Business environment
The most direct experience that a person gets while studying abroad is the understanding of the business world and economics. This would allow for further cooperation between the nations, which are always in a position of being a potential client.
As the world is getting smaller and businesses are taking their activity internationally, it is crucial for any business to know the local culture of a given country or region, so that proper communication and cooperation could be established. The simple fact of knowing the language will predispose the local population much faster, and this is an undeniable advantage over those companies that do not have such benefit.
The workplace is becoming much more multicultural, so even groups of clients will be better served if an individual is familiar with their particular culture. Another benefit of being abroad is the skill set that one gets in the field. By being in an unusual environment, a person gets self confidence and ability to make decisions basing them on the surrounding circumstances. This is extremely valuable in the workforce, especially in a business setting (Fielden et al., 2007).
The HR executives have shown a high interest in UK students who have studied abroad, as the European Union is getting more interconnected. As such, the gap between industries, products and services exchange becomes much smaller, providing for close business relations. Since the richness of a foreign environment increases skills in the social and communication aspects, people who have studied abroad will mostly be recruited for administrative and managerial positions.
To be able to adjust to a new working environment and the local culture will mean that the person is adaptable to new conditions and can learn how to work well with others. Organizations are always looking for leaders who could effectively direct and regulate the work of a small group of individuals and even organizations (Orahood et al. 2004).
At the same time, a person who has studied and/or worked abroad might get a chance of being hired in that country or nation. As they are bringing in their own culture and could share their experience of their environment, foreign employers will be interested in uniting organizations through this channel.
The fact that a person had the skills to get used to new environment means that they are flexible, so their multi-skilled individuality would be a considerable asset. There are some disadvantages in studying or working abroad, as a person might start to implement changes, once they come back to their home nation. Because every culture and society has its unique specifics and the way the matters are carried out, some aspect might be positive and the negative one might be absent.
By getting used to foreign environment that might seem better, a person could bring back the mentality of another nation and thus, the functioning within the organization will be less effective (Herren, 2008). The government welcomes new businesses and has lowered strictness within borders. The infrastructure and cooperation within many political and economical divisions has been the goal of the past several years and the government works closely with education society to adhere to the highest standards.
The result is that the interaction between nations could also be affected, as the values and ways of communication could change as well. Studying and knowledge of another culture has led to the development and eestablishment of joint ventures and other partnerships. Education abroad has led to the process of export and import transactions becoming much more desirable (Varghese, N 2008).
Appropriate research sources accessed
A journal article titled “Short-term study abroad: an explanatory view of business student outcomes” talks about the benefits of education abroad. The promotion of studying elsewhere must be on the highest possible level, as the person brings back a lot of positives back to both society and home educational institutions. Advancements on the student level and social regulations are influences that help the home nation to evolve.
Not to mention that academic achievements will also see an increase in productivity and efficiency. Innovation and betterment of technology are among other benefits that a nation gets by allowing for education abroad (Carley et al., 2011). As such, the government and education board must provide incentives for student to get a hold of such possibility. Another journal on “The impact of study abroad on business students’ career goals” talks about several studies that have been carried out to establish if education abroad is really beneficial.
The results have shown that individuals themselves acclaim the fact that they have become better understanding of themselves and the world around them. The survey established that close to every student who has gained experience abroad, has reported changes for the better in their career and general working abilities (Orahood et al. 2004).
There is no doubt that the environments and culture of a country are the major aspects that influence business and people’s readiness to get involved in one. There might be differences present between the two nations, but mutual businesses unite environments and cultures for reciprocal beneficial future. The culture of a nation or country is the single most important determinant of the environment, in particularly relevant to business.
Even thought there is separation between classes and incomes, most recently, education in different countries and global business opportunities have been considered an environment where business will prosper. This has led to a significant increase of migrants, who are developing and contributing to the nation. The establishment of companies involved in sales and services created opportunities for business to move into the region and expand their success.
The communication systems and internet have aided in the coordination of businesses and people’s involvement in small companies and corporations. Because the soil for development is becoming very rich with possibilities, the economy is estimated to grow with an increase in GDP. Security and stability of the environment have been at a constant increase, as the government is becoming more tolerant and has been implementing policies that help for education and businesses to be successful (Duncan, R 2004).
Conclusion
Overall, education and work abroad create very adequate environment for business and further development of a nation. Even though the culture, traditions and people’s beliefs are somewhat different, the business world has made cultural borders almost non-existent and education has become international as well. As it is always important to know the ethics and details of the nation where business is being carried out, countries have made the conduct very easy and laid back.
The only limitations might become problematic during religious times and days but other than that, the cooperation is very well adjusted and welcome. The local politics have been mostly aligned with education, businesses and the federal system which is very welcome to any economic growth supported by domestic and international organizations. Even though the global crisis has had some influence on the conduct between nations, the strong economies have been able to survive and continue development (Langran, 2007).
Recommendations
The business world is very dependent on the environment and cultural specifics of a nation, so education abroad becomes instrumental in the international relations. It must be understood as the key to success, as it is becoming a global requirement.
The society and governments play a crucial role in the establishment and further success of a business, so information and knowledge must become primary values and goals of businesses and employers. The interconnection of domestic and international factors enables businesses to carry out activities that are closely controlled by local and worldwide ethical standards in the best way, so cultural specifics and norms of the society must be understood and adhered to.
Reference List
Carley, S., Stuart, R. and Dailey, M 2011, ‘Short-term study abroad: an explanatory view of business student outcomes’, Journal of Management Policy and Practice, vol. 12, no. 2, pp. 44-53.
Duncan, R 2004, Transnational America: Contours of modern US culture, Museum Tusculanum Press, Copenhagen, Denmark.
Fielden, J., Middlehurst, R. and Woodfield, S 2007, Global Horizons for UK Students. A guide for universities, Council for Industry & Higher Education, London, England.
Herren, J 2008, Study Abroad Employability Factors: The Perceptions of Career Recruiters, ProQuest, Ann Arbor, MI.
Langran, R 2007, Government, business, and the American economy, Rowman & Littlefield, Lanham, MD.
Orahood,T., Kruze, L. and Pearson, D 2004, ‘The impact of study abroad on business students’ career goals’ , Frontiers: The Interdisciplinary Journal of Study Abroad, vol. 10, no. 7, pp. 117–130.
Parey, M. and Waldinger, F 2011, ‘Studying abroad and the effect of international labour market mobility: evidence from the introduction of Erasmus’, Economic Journal vol. 121, no. 551, pp. 194–222.
Teichler, U. and Janson, K 2007, ‘The Professional value of temporary study in another European country: employment and work of former ERASMUS students’, Journal of Studies in International Education, vol. 11, no. 3-4, pp. 486-495.
Varghese, N 2008, Globalization of higher education and cross-border student mobility, UNESCO/ international institute of education planning.