Mar 24 2021
“Post-training, if employees are not provided project-based lessons, ROI on learning programs (specifically for Data Science) can be significantly low.”
Data is the new oil
With an increasing amount of data generated by organizations, there is a need for employees who can extract business value out of the data through data analytics or data science.
However, hiring data analysts and data scientists is a very expensive and time consuming affair. According to research by Wanted Analytics, it takes around 43 days and around $60,000 to hire technical staff in a company. The reason for the high costs is on account of the indirect costs such as time spent by the HR team to shortlist and interview candidates, in addition to the direct recruitment costs.
Image Attribution: Freepik
As such, one strategy that can be adopted by organisations is to train employees from within the company in Python and Data Science and empower them to harness data in their everyday work.
What are the benefits of Internal Reskilling & Upskilling?
There are numerous advantages to this, such as the obvious savings in time and money required to recruit, and the fact that the upskilled employee is already familiar with the business activities of the company and can identify areas that benefit from data analysis. Not just that, internal training & talent mobility helps in improving employee retention as well.
This Learning is usually administered in two ways:
Maximize coding ROI with follow-through training
In theory, any of these three ways will lead to the employees acquiring coding and data skills. However, what really happens after the learning session? Usually, the upskilled employees are left to their own devices to follow through with the training. This is not an ideal situation because there is no continuity to build on the learning.
More specifically, without follow-through on introductory coding lessons, there is not much an employee can do at the workplace. This leads to a poor ROI of the coding training and wasted time and resources spent on upskilling them. To address this, L&D teams should consider a few things:
Option 1 is hard to execute, as it requires buy-in from stakeholders in the learner's department. This may not be feasible in organisations where a strong learning culture has yet to be established. On the other hand, Option 2 is slightly more achievable but would require the employee to be away from work again. Option 3 is useful for employees that want to learn at their own pace, but would require self-discipline for completion.
Regardless of the options, there is a need to follow through basic Python and Data Science education with project-based training. With project-based training, your employees get to
practice problem-solving skills in a structured manner similar to problems encountered at the workplace
Address the training gap: Introducing UpLevel
To address this training gap, UpLevel has developed a catalog of end-to-end data projects that employees can work on. The projects are developed after training thousands of Python and data science learners across skill levels and experience.
Jackie Tan is currently the co-founder of UpLevel, a data science training startup where he has empowered over 1000 students in project-based data science training. A serial entrepreneur, he previously co-founded a Q&A insurtech startup fundMyLife in 2016 which was acquired in early 2019.
Shortly before UpLevel Jackie was the Chief Academic Officer of UpCode Academy, a coding academy for Python and data science where he created coding curricula, and taught and mentored close to 300 students. He then started UpLevel because he observed that there was a lack of resources for a novice learner to gain experience and build experience.
Jackie is passionate about hands-on learning and is obsessed with creating enjoyable learning experiences that have tangible outcomes. He is also an avid educator, holding large workshops on data science in collaboration with partners such as Shopee, and NUS. In his free time, he lectures on data science in Nanyang Technological University and lectures on entrepreneurship in the Singapore University of Social Sciences.
Jackie holds a PhD from the Nanyang Technological University, where his thesis combined data science and biology. He is a Forbes 30 Under 30 honoree and was also the National Youth Entrepreneurship Award awardee. Linkedin
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