MOOCs—massive open online courses—have shaken up the higher education world in the past few years. Now it’s time to see how they will impact corporate training.
As Fast Company notes, “The fact that lectures from the world's top professors are now a commodity available over the Internet for free is shaking up higher education from top to bottom, but the ultimate purpose is still hazy: Are MOOCs best viewed as a supplement for traditional college students, continuing education credits for adult learners, or a full degree program for learners in the developing world?”
The ability of MOOCs to provide educational access to all continues to generate significant interest. New York Times columnist Thomas Friedman described them as an educational “revolution”; The Washington Post praised them as a way to provide “elite education for the masses.” Many businesses see MOOCs as an opportunity to bridge the skills gap between workers and employers and to bolster corporate training efforts.
By blending corporate training and MOOCs, employees could receive certification for on-the-job training. A corporate-sponsored, MOOC-like learning program associated with a brand-name educational institution would provide employees with corporate training that carries weight outside of their organization. Walter Shill, global senior director for Accenture’s management consulting practice, believes that the day is coming when certification from MOOCs or MOOC-like training is listed—and respected—on résumés.” For companies looking to create more interaction between departments and employees, a greater social connection can be a good thing. And with a learning management and collaboration systems, it’s simple to create a central knowledge-sharing hub focused around the content of your MOOC
Companies often spend millions of dollars to build or buy all types of training in the core skills category. These courses—basic management, office productivity, math, Excel and other core business skills—cost companies $100 to $500 per employee, per year, according to Bersin’s 2013 Corporate Learning Factbook. Companies would save a great deal of money by accepting certificates from MOOCs.