13 Benefits Of Teaching Tech Courses In-House
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With Airbnb expected to reach $10 billion in revenue by 2020, according to a report by Inquisitr, it’s safe to say the company is doing something right. It has literally changed the way that consumers think about lodging and is growing at record rates worldwide.
The company is certainly not one to rest on its laurels, as it has also begun running its own data science university, according to a report by TechCrunch. The university is a savvy way for Airbnb to educate top talent and recruit from within its own ranks, creating a concept that more companies may want to follow.
Thirteen members of Forbes Technology Council weighed in on the advantages of a company teaching its own tech courses. Here is what they have to say:
1. More Real-World Application Examples
A company can share so many real-life scenarios as part of a tech course. Not only does this make a course more informative, but it also makes it more interesting. Also, students can better relate to the instructions they are receiving. - Chalmers Brown, Due
2. Faster Employee Onboarding
The benefit of a company teaching its own internal tech courses is that the onboarding process for a developer is more ingrained. Onboarding a new employee involves proper training, which costs a lot of money and takes time. When a new hire joins the team, they will be able to understand the processes, the technology and the tools they'll be working with. - Sanjay Malhotra, Clearbridge Mobile
3. Recruiting For New Technologies
With bleeding-edge technologies such as machine learning, artificial intelligence, big data, virtual and augmented reality and the like, it is a challenge to find qualified individuals in an open market to work in these specialized areas. By teaching its own courses, a company can discover the natural aptitude of existing employees for these technologies, transition them into the open roles and leapfrog its competition. - Ketaki Rao, Jivox Corp.
4. More Efficient Internal Education
Exponential growth usually causes an imbalanced spread of information within a company, especially when it comes to technology. The process of integrating existing internal knowledge becomes harder as more and more people join the company or when new offices are opened. This internal knowledge can be easily transformed into a course to onboard new employees and make the integration seamless. - Artur Kiulian, Colab LA
5. Consistent Results
Internal training programs help to establish a shared vocabulary for consistent communication. The training can be focused and targeted toward real and immediate application within the company. It should also lead to a sustainable and reproducible outcome, which in turn allows for employee advancement. Finally, employees feel highly engaged, enabled and motivated by training. - Timothy McGuire, Sound United
6. Acquiring Talent Faster
Demand for data scientists has been ahead of supply for some time. In this market, the choice to build versus buy becomes increasingly attractive due to the shortage of available talent. Acquiring data science talent more quickly is the key benefit. Large organizations can tailor education to their problem space, resulting in shorter feedback loops that accelerate the pace of learning. - Matthew Russell, Digital Reasoning
7. Curation Of Educational Content
One of the benefits is that custom educational programs can be designed to prepare specialists with a skill set perfectly matching the business objectives, strategy, corporate culture and tools pertinent to that particular organization. - Andrii Buvailo, Enamine
8. Lower Employee Turnover
Companies used to invest in training their own employees. Nowadays, for too many companies rely on their employees to fine-tune and adopt new skills on their own time. The main fear is that, if you train your employees, then they will leave you for a better offer. Most would rather grow where they are already comfortable. As long as they don't hit a ceiling, they'll be loyal. - Daniel Hindi, BuildFire
9. Evolution From Within
Tech companies usually begin with visions of elegant platform architecture, but then as the business scales, they find that their once beautiful architecture has now metamorphosed into an unruly beast. Creating a custom course based on your own company DNA allows your business to cultivate the exact minds you need to take the business to the next level organically. - Jeremy Williams, Vyudu Inc.
10. Creating A Learning Culture
It's all about perpetual learning. A company that promotes employee education can fundamentally create a learning culture, which is so critical in today's climate. Technology changes in the blink of an eye. Building skills in-house is definitely a win-win situation for employee and employer alike. The employee stays sharp and the employer benefits from a skilled, competent labor pool. - Manuel Terranova, Peaxy
11. Process Alignment
One major benefit of a company teaching its own courses is that the company can share with the employees the internal process used to by the company. Not only will students learn the relevant course material at a theoretical level, but the students will also be able to immediately integrate with the company's existing team and process. - Michael Su, Blueboard
12. Disrupting Education
Higher education is a huge industry the United States. Harvard Business School professor Clayton Christensen has predicted that within 10 years, the majority of universities will be bankrupt. In the future, people will not care if you became an expert at an Ivy League school or Airbnb. They will simply care that you are an expert. Not only is Airbnb grooming talent, but it is preparing for tomorrow. - Rob Versaw
13. More Hiring Freedom
The beauty of this is that once a company sets up the infrastructure to have an internal university, not only will the education be faster and more efficient, but the business will have the freedom to hire with more flexibility. If there's a candidate the company really likes but is missing a few key skills, it can just run that candidate through the necessary courses instead of saying no to a great fit. - Ben Lee, Neon Roots
">Shutterstock
With Airbnb expected to reach $10 billion in revenue by 2020, according to a report by Inquisitr, it’s safe to say the company is doing something right. It has literally changed the way that consumers think about lodging and is growing at record rates worldwide.
The company is certainly not one to rest on its laurels, as it has also begun running its own data science university, according to a report by TechCrunch. The university is a savvy way for Airbnb to educate top talent and recruit from within its own ranks, creating a concept that more companies may want to follow.
Thirteen members of Forbes Technology Council weighed in on the advantages of a company teaching its own tech courses. Here is what they have to say:
1. More Real-World Application Examples
A company can share so many real-life scenarios as part of a tech course. Not only does this make a course more informative, but it also makes it more interesting. Also, students can better relate to the instructions they are receiving. - Chalmers Brown, Due
2. Faster Employee Onboarding
The benefit of a company teaching its own internal tech courses is that the onboarding process for a developer is more ingrained. Onboarding a new employee involves proper training, which costs a lot of money and takes time. When a new hire joins the team, they will be able to understand the processes, the technology and the tools they'll be working with. - Sanjay Malhotra, Clearbridge Mobile
3. Recruiting For New Technologies
With bleeding-edge technologies such as machine learning, artificial intelligence, big data, virtual and augmented reality and the like, it is a challenge to find qualified individuals in an open market to work in these specialized areas. By teaching its own courses, a company can discover the natural aptitude of existing employees for these technologies, transition them into the open roles and leapfrog its competition. - Ketaki Rao, Jivox Corp.
4. More Efficient Internal Education
Exponential growth usually causes an imbalanced spread of information within a company, especially when it comes to technology. The process of integrating existing internal knowledge becomes harder as more and more people join the company or when new offices are opened. This internal knowledge can be easily transformed into a course to onboard new employees and make the integration seamless. - Artur Kiulian, Colab LA
5. Consistent Results
Internal training programs help to establish a shared vocabulary for consistent communication. The training can be focused and targeted toward real and immediate application within the company. It should also lead to a sustainable and reproducible outcome, which in turn allows for employee advancement. Finally, employees feel highly engaged, enabled and motivated by training. - Timothy McGuire, Sound United
6. Acquiring Talent Faster
Demand for data scientists has been ahead of supply for some time. In this market, the choice to build versus buy becomes increasingly attractive due to the shortage of available talent. Acquiring data science talent more quickly is the key benefit. Large organizations can tailor education to their problem space, resulting in shorter feedback loops that accelerate the pace of learning. - Matthew Russell, Digital Reasoning
7. Curation Of Educational Content
One of the benefits is that custom educational programs can be designed to prepare specialists with a skill set perfectly matching the business objectives, strategy, corporate culture and tools pertinent to that particular organization. - Andrii Buvailo, Enamine
8. Lower Employee Turnover
Companies used to invest in training their own employees. Nowadays, for too many companies rely on their employees to fine-tune and adopt new skills on their own time. The main fear is that, if you train your employees, then they will leave you for a better offer. Most would rather grow where they are already comfortable. As long as they don't hit a ceiling, they'll be loyal. - Daniel Hindi, BuildFire
9. Evolution From Within
Tech companies usually begin with visions of elegant platform architecture, but then as the business scales, they find that their once beautiful architecture has now metamorphosed into an unruly beast. Creating a custom course based on your own company DNA allows your business to cultivate the exact minds you need to take the business to the next level organically. - Jeremy Williams, Vyudu Inc.
10. Creating A Learning Culture
It's all about perpetual learning. A company that promotes employee education can fundamentally create a learning culture, which is so critical in today's climate. Technology changes in the blink of an eye. Building skills in-house is definitely a win-win situation for employee and employer alike. The employee stays sharp and the employer benefits from a skilled, competent labor pool. - Manuel Terranova, Peaxy
11. Process Alignment
One major benefit of a company teaching its own courses is that the company can share with the employees the internal process used to by the company. Not only will students learn the relevant course material at a theoretical level, but the students will also be able to immediately integrate with the company's existing team and process. - Michael Su, Blueboard
12. Disrupting Education
Higher education is a huge industry the United States. Harvard Business School professor Clayton Christensen has predicted that within 10 years, the majority of universities will be bankrupt. In the future, people will not care if you became an expert at an Ivy League school or Airbnb. They will simply care that you are an expert. Not only is Airbnb grooming talent, but it is preparing for tomorrow. - Rob Versaw
13. More Hiring Freedom
The beauty of this is that once a company sets up the infrastructure to have an internal university, not only will the education be faster and more efficient, but the business will have the freedom to hire with more flexibility. If there's a candidate the company really likes but is missing a few key skills, it can just run that candidate through the necessary courses instead of saying no to a great fit. - Ben Lee, Neon Roots
https://www.forbes.com/sites/forbestechcouncil/2017/10/31/13-benefits-of-teaching-tech-courses-in-house/
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