MY Business: Upskilling the future: Staying relevant in a changing job market

upskilling

the process of learning new skills to improve performance in a current role

reskilling

the process of learning new skills to move into a different role or industry

future-proof

to prepare something so it remains useful and relevant in the future

adaptability

the ability to adjust effectively to new conditions or changes

skill gap

the difference between the skills required and the skills people currently have

digital literacy

the ability to use digital technologies effectively and responsibly

lifelong learning

continuous learning throughout one's life

automation

the use of technology to perform tasks with minimal human involvement

employability

the ability to gain and maintain employment

transferable skills

skills that can be applied across different jobs or industries

agile mindset

a flexible, proactive, and solution-oriented way of thinking

disruption

significant change that transforms an industry or market;
radical change to an existing industry or market due to technological innovation.

competitive edge

an advantage that makes someone more successful than others

professional reinvention

the process of reshaping one's career identity or direction

displaced

having been forced to leave your home, for example by a war or dangerous event; to leave your job; forced out of its usual or original position

stem

to stop something unwanted from spreading or increasing:

The bank tried to ____ the currency’s recent decline against the dollar.

retention

HR, workplace: the ability of a company to keep its employees and stop them from going to work somewhere else.
COMMERCE: the ability of a company to keep its customers, rather than losing them to competitors.