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Hidden Costs of Not Upskilling Your Team (And How to Fix It!)

Hidden Costs of Not Upskilling Your Team (And How to Fix It!)

3 min read

Lauren Rosenthal

Customer Success Lead & Analytics Specialist

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Hidden Costs of Not Upskilling Your Team (And How to Fix It!)

Important PSA:

You could be leaving critical holes in your business…and not even know it.

If you aren’t investing in data L&D for your team, here’s what you’re facing right now…

Productivity Loss

Did you know?

A lack of data literacy leads to a loss of approximately 43 hours of productivity per employee every year. 

That’s an entire week of time that could be better spent making moves for your business. In the US alone, this amounts to more than $100 billion in lost productivity.

When your employee has to muscle through a task they don’t know how to do, spend time Googling, or even wait on a coworker to show them/do the task themselves, that’s valuable time lost.

Widening Skill Gaps

That’s right: those skill gaps are costing you more than you think!

Let’s look at the most common data tool used in almost every business on this planet: spreadsheets.

Even though tools like Excel and Google Sheets are adopted by a majority of companies (the average worker spends 20+ hours per month working in spreadsheets alone), 70% of users are not proficient in these tools and 40% of employees say that they “struggle” when working with data in spreadsheets.

Often, users aren’t even aware of how much they don’t know. Without proper training, working with these powerful tools can become painful and overwhelming.

Increased Turnover: When Good Employees Suffer

Have you been losing good employees and don’t know why? Are you starting to see widespread burnout among your team?

A lack of skill development could significantly impact the mental health of your employees.

74% of employees report negative emotions like overwhelm when working with data, and 55% report that a lack of confidence in their skills increases workplace stress.

Haven’t lost employees yet? You may be at risk: 

The “Go-To” Excel and Power BI Experts in your office are doing extra labor – and they’re tired. 

When a skill discrepancy exists among your team members, someone has to carry that weight…and they just might start looking for a company that prioritizes holistic team tool literacy.

Your Bottom Line: Profits Left Behind

Not yet convinced that it’s time to invest in a data literacy program for your team? 

Here’s something that should be a five-alarm fire: per Gartner, poor data quality costs companies an average of $12.9 million each year

Whether caused by mismanagement or just a general lack of data literacy, this is a staggering number – and could make a huge difference for your company.

So…what can you do?

The Solution: Upskilling Made Easy with Maven Analytics

As technology progresses at an accelerated rate, expecting team members to upskill on their own time and on their own dime isn’t always practical.

When you invest in upskilling your employees, you’re not only looking at a higher return for your business in dollars: 68% of employees would stay with their company over the span of their career if their employer paid for their skill development!

Building an L&D plan from the ground up can feel insurmountable. With our Maven for Business plans, we make it easy.

Our Team Skills Gap Assessments

If you want to explore how skills gaps impact YOUR team, we’ve crafted brand new assessments that can help.

Whether you manage a team or drive broader learning and development programs, these assessments give you the insights you need to:

  • Benchmark team or company-level data literacy or tool proficiency

  • Identify key skills gaps and improvement areas

  • Offer learning plans tailored to individual needs

  • Drive measurable ROI from your L&D efforts

The process is simple: request your assessment, share your link with your team, and we’ll take it from there. Once the assessment period has closed, we'll deliver a detailed score report and talk you through the results!

Get the assessment your team needs TODAY:

Data Literacy

Power BI

Excel

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Maven For Business

Empower your team to make smart, data-driven decisions

Empower your team to make smart, data-driven decisions

Empower your team to make smart, data-driven decisions

Assess your team's skills, discover project-based courses to close the gaps, and create custom learning plans to build the data skills you need most!

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Lauren Rosenthal

Customer Success Lead & Analytics Specialist

As an Account Exec and Data Analyst on the Maven Team, Lauren plays an integral role onboarding & supporting our B2B teams, helping analyze our key success metrics, and producing great content.

Frequently Asked Questions

What is Maven Analytics?

Maven Analytics is an online learning platform that helps professionals and organizations build practical data and AI skills in analytics, business intelligence, and data science. Our hands-on courses are designed to help learners stay competitive and future-proof their careers in the age of AI.

Are data analysis and data science still good career paths?

Absolutely. As long as companies collect and use data, they need people who know how to turn that data into results. Roles are changing, and so are the skills needed to succeed, but the career paths remain strong. Focus on data literacy fundamentals, business thinking, communication skills, and learning how to use modern data and AI tools, and you can build a strong career.

Will AI replace data jobs?

AI is changing how data professionals work, but it is not replacing the need for skilled analysts and data scientists. Instead, AI is becoming another tool in the data workflow. Organizations still need people who can ask the right questions, interpret results, communicate insights, and apply data to real business decisions. The most successful professionals will be those who learn how to combine core data skills with modern AI tools.

How can I future-proof my career in analytics?

Future-proofing your analytics career means building strong core data skills, understanding business context, and learning how to work effectively with AI rather than compete with it. The goal is to become a better analyst, problem solver, and decision-maker.

How long does it take to build job-ready data skills?

That depends on your starting point and goals, but many learners can build meaningful skills over a few months with consistent practice, even when studying part-time. The most important factor is applying what you learn through hands-on projects and real business problems.

Maven For Business

Empower your team to make smart, data-driven decisions

Assess your team's skills, discover project-based courses to close the gaps, and create custom learning plans to build the data skills you need most!

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