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Home > QFINANCE Dictionary > Definition of employability

Definition of


HR & Personnel

possession of useful skills the potential for obtaining and keeping fulfilling work through the development of skills that are transferable from one employer to another. Employability is affected by market demand for a particular set of skills and by personal circumstances. Employees may take responsibility for developing their own employability through learning and training, or, as part of the psychological contract, employers may assist their employees in enhancing their employability. An important factor in employability is the concept of learning throughout life.

employability - Related Articles
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  • Tax Relief on Employer and Employee Pension Contributions: Rationale, Value and Distribution

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  • Buyout

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    A buyout can also refer to the process of buying of a remainder of a contract such as a lease. This will be done usually by a landlord who wants to vacate its premises by paying the tenant for the remainder of the lease. The same principle may apply to a supplier contract or an employment contract where an employer might buy out an employee’s contract with the employee’s agreement in order to cease any employment obligations between them.

  • Yet Another Nail in the Final Salary Scheme Coffin


    There are viable options for employers to lessen or end their exposure. It is reasonable for them to turn to the workforce and to say “let’s talk about the problem.” If they offer employees a switch to a well-funded defined contribution (DC) scheme, with about the same level of contributions as the defined benefit (DB) scheme, the employer may not save money in the short term but it can at least gain cost certainty
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Definitions of ’employability’ and meaning of ’employability’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’employability’ and other financial terms with our online QFINANCE Financial Dictionary.

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