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Five ways international teams are succeeding in Sweden

If you're an international resident working for a Swedish company or running your own business, you're sure to have considered the case for increasing workplace diversity.

Five ways international teams are succeeding in Sweden
Photo: Getty Images

You may even have found through personal experience that combined perspectives from different nationalities, genders and cultural backgrounds can create stronger teams. But you may not be aware that a growing amount of research strongly supports the idea that greater diversity boosts business results.

Together with Undutchables, a pioneer in international business recruitment, we take a look at five reasons why it’s a good idea to make diversity a central factor in the search for your next employee or colleague.

Learn more about Undutchables and how it could help you diversify your workplace with international talent across a range of industries

1. It allows you to think differently and make better decisions

If your company comprises many different backgrounds, you’ll naturally have a broader range of perspectives to draw upon when strategizing – from a team level, right up to senior management. In recent years, a significant amount of research has backed up the idea that greater diversity has clear benefits in terms of decision-making.

The Henderson Institute, part of the Boston Consulting Group, has gathered a number of examples in their ‘Diversity at Work’ report. The report says that diversity is crucial in enabling organisations to “thrive in the face of uncertainty and change” because it supports resilience and adaptiveness.

Put simply, if your business or employer doesn’t have a sufficient number of different viewpoints to consider, it risks losing the ability to make the right decisions to overcome problems. You might say that a more diverse working environment can act as an insurance policy against future challenges.

2. It helps you understand your customers

Anyone who works in a customer-facing role knows that consumers don’t come in one shape or size. In the era of globalization, there is no industry or field of business with only one generic customer type. If you’re sending your products around the world – or even just into highly international cities, such as Stockholm – customer insights across all demographics are vital.

Incorporating a wide variety of backgrounds within your teams can therefore help to give you a keen insight into different markets. Why rush to carry out extensive focus-testing of a product before having a few simple conversations with colleagues who know their own home markets intimately?

This can save time and resources that could be better used elsewhere. Better yet, it can save your difficulties down the line as branding can sometimes take on very different or even offensive meanings when appearing in new cultural contexts. Avoid your own business faux pas with the involvement of your own diverse workforce.

Find out how you can attract international talent to your workplace – start a conversation with Undutchables today

3. It inspires innovation and creativity

Sweden ranks highly for innovation. But as every innovator knows, there’s never any room for complacency if you want to remain at the cutting edge. 

Business experts support the view that increasing diversity is a surefire way to increase innovation. Boston Consulting Group found that companies with “above-average diversity” in management teams had innovation-driven revenue that was 19 percentage points higher than that of companies with “below-average leadership diversity”.

Photo: Getty Images

Time and time again, highly international and diverse cities – such as New York, London and Singapore – score highly in global rankings of innovation and business development. An environment that incorporates multiple viewpoints, backgrounds and ways of working will mean that the strongest, most resilient ideas win out.

Whether you’re a hiring manager or an employee, helping to ensure that your workplace embraces a wide range of identities, backgrounds and nationalities can create the kind of ‘melting pot’ that encourages innovation.

4. It helps with keeping hold of talented workers

The idea of workplace culture being entirely dictated by one prevailing background is one that has had its heyday. It simply doesn’t reflect the realities of the modern world. If your co-workers feel valued for the range of skills and ways of thinking that their background affords them, they are more likely to do their best work and be more productive.

There’s also evidence that greater diversity reduces employee turnover, helping employers to retain talented individuals for longer.

Undutchables helps both those starting out and executive candidates to advance their careers in Sweden and the Netherlands. If you’re hiring in Sweden, this means it can provide highly-trained international personnel who speak your clients’ language and understand their culture.

5. It helps you stand out (especially with younger generations)

Many businesses say they have a commitment to diversity, but as Peter Boerman wrote in a blog for Undutchables this year, few companies actually set hard targets. Hiring managers who do so could help to make their business a preferred employer – especially with today’s younger generation, for whom a commitment to diversity is the norm.

If your workplace can show that it is truly committed to having a diverse workforce by setting and meeting its own targets, Millennials and members of Generation Z could be much more likely to accept a role. With businesses looking for stability after the shock of the Covid-19 pandemic, embracing diversity could make the difference between struggling to survive and finding ways to thrive.

Ready to diversify your workplace? Learn more about Undutchables – and find out about its recruitment services for employers looking for multilingual international talent.

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ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

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The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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