Many young adults who question whether a college degree is worth the price are venturing into entrepreneurship -- and they may be an untapped market for niche online learning and certificates to fill in knowledge gaps. Career coach Shirin Khamisa, founder of Careers by Design, notes that entrepreneurs can still tap into different types of education that "add value to what you want to accomplish in your career."
Half of the global workforce will need to be upskilled or reskilled in the near future, according to the World Economic Forum, but employers are currently only devoting 24 minutes per week to upskilling workers. Cost can be a factor, especially for formal degree programs.
Coursera's New York Stock Exchange debut last week was 18% above its $33-per-share target, a sign that its self-paced, online learning tied to universities and industry partners is here to stay, CEO Jeff Maggioncalda says. "[W]e believe our job to meet those individuals and institutions embracing online learning will be bigger than ever," Maggioncalda says.
Some measure of digital learning and online coursework is likely to become the norm, according to almost half of respondents to a Bay View Analytics survey conducted in conjunction with UPCEA and other industry groups. "It's clear that leaders in higher ed have taken away key lessons brought on by the pandemic and have a renewed appreciation for the value of online learning," UPCEA CEO Robert Hansen says.
President Joe Biden is seeking to allocate billions of dollars over eight years as part of a $2 trillion infrastructure proposal unveiled last week. Under the plan, community colleges would receive $12 billion to update infrastructure and historically Black colleges and universities, as well as other similar institutions, would receive $15 billion to create research incubators.
Online education's mental health issues and decline in social learning -- such as sharing and taking turns -- during this health crisis are worrisome, but 63% of respondents to a recent survey say online learning ultimately will yield positive results, Jay Wilson of the University of Saskatchewan reports in a radio interview. The benefits have included reduced bullying, increased flexibility and better pinpointing of inequities and supports needed, Wilson says.
Adaptable professional development courses based on key nonfiction books by authors such as Malcolm Gladwell and Susan Cain may disrupt the traditional PD segment, says Lucy Suros, president of Articulate, which owns Rise. The courses cover topics such as productivity, ethics and team management; include a video by the book's author; and allow personalization of content for specific employees and measurements.
New York-based startup Text IQ is using its natural language processing software to create offerings that help companies filter for unconscious bias. The focus is on analyzing employee performance assessments but could be used in recruiting.