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Corporate Training Is Outsourced to the Internet/Tuition Assistance for Employees Is Spent at Online Universities, Business and Industry Trends Analysis

Udacity, a major online education firm, offers an employee development and training program called “nanodegrees.”  Udacity is a MOOC (massive open online course) company that was originally founded to provide university classes online, but later pivoted to focus on the corporate training market.  The firm describes its nanodegrees as compact, flexible and job-focused training that can lead to employees earning credentials for successful completion of the courses.  Udacity estimates that it will require six to 12 months for a person who is also working full-time to complete a course of study and receive a nanodegree.  The program includes entry-level software and engineering courses, such as front-end web developer, back-end web developer, App developer, tech entrepreneur, mobile game developer and data analyst.  Options for the student may include direct employer tuition support, or the Nanodegree Plus plan where Udacity guarantees that the student will receive a 100% tuition refund if he or she has not been hired within six months of graduating.

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