What does "upskilling" refer to in employee development?

Upskilling refers specifically to the process of teaching employees new skills that enhance their capabilities and knowledge, enabling them to advance their careers. This practice is crucial in an ever-evolving job market, where technology and industry standards frequently change. By empowering employees with additional skills or advanced training, organizations not only help individuals become more proficient in their current roles but also prepare them for future opportunities, leadership positions, or shifts in job responsibilities.

The other choices relate to different aspects of employee development but do not encapsulate the primary meaning of upskilling. Team-building exercises focus on improving collaboration and communication among employees. Networking opportunities help individuals connect with others in their industry but do not directly enhance their specific skill sets. Assessing employee performance is about evaluating how well employees are doing in their current roles, rather than developing their skills for future growth.