Is the concept that employees need continually to update their knowledge and skills in order to ensure they are employable in the future. It stems from the view that the pace of change has increased and will continue to do so, particularly through technological developments, economic changes, and globalization, therefore skills must be constantly updated. The concept applies to people both in and out of work: they are encouraged to update existing skills, where appropriate, or to retrain and acquire new skills and knowledge. It particularly stresses the importance of education and learning continuing beyond normal years of schooling, and lasting throughout a person's working life. It also emphasizes that it is the responsibility of the individual to ensure his or her skills are up to date, and to seek opportunities for self-development from a variety of sources provided by the public and private sectors.
Subjects: Human Resource Management — Education.