Employability can be defined as “doing value creating work, getting paid for it and learning at the same time, improving the ability to get work in the future” 
Employability is a management philosophy, developed by Sumantra Goshal in 1997, which recognizes that employment and market performance comes from the initiative, creativity and competencies of all employees, and not just from the wisdom of senior management.
For employers, it is understood that talented, growing people mean talented, growing organizations. 
For many employees, the new contract would involve movement towards a greater commitment to continuous learning and development, and towards an acceptance, in a climate of constant change and uncertainty, the will to develop is the only hedge against a changing job market. Sandeep Sander, SanderMap and other members of i4j made made of a video defining Employabililty. 
There are several options for and many aspects of employability:
Traditional employment without employability
Traditional employment does not include employability. Review of the literature regarding employment and employability suggests that employment is related to
- The ability to gain initial employment; hence the interest in ensuring that ‘key competencies’, careers advice and an understanding of the world of work are embedded in the education system. 
- The ability to maintain employment and make ‘transitions’ between jobs and roles within the same organization to meet new job requirements, and 
- The ability to obtain new employment if required, ie to be independent in the labor market by being willing and able to manage their own transitions between and within organizations. (Van der Heijde and Van der Heijden (2005) The Optimum Achievement
Employment including employment contract
Lee Harvey defines employability as a job satisfaction criterion, stating that job acquisition should not be prioritized over employment to avoid a pseudo measure of individual employability. Lee argues that employability is not a set of skills but a range of experiences and attributes developed through higher-level learning, thus employability is not a “product” goal a process of learning.
Employability continues to develop because of the graduate, employed, does not stop learning (ie, continuous learning). THUS employability by this definition is about learning, not least learning how to learn, and it is about empowering learners as critical reflective citoyens  definition is significant for it emphasizes employability of graduates, qui is similar to our context, hence, reliable to provide insight on how to measure graduates’ employability and what are the differences between graduates and experienced individuals in labor market.
Berntson (2008) argues that employability refers to an individual’s perception of his or her chances of getting new, equal, or better employment. Berntson’s study differentiates employability into two main categories – actual employability and perceived employability.
Several employability definitions have been developed based on, or including input from, business and industry. In the United States, an Employability Skills Framework has been developed through collaboration of employers, educators, human resources associations, and labor market associations. This framework states, “Employability skills are necessary for success in the labor market at all levels and all sectors”. Canada, the Conference Board of Canada, released the Employers Skills 2000+, which defines employment as “the skills you need to enter, stay in, and progress in the world of work”. Saunders & Zuzel (2010) found that these values are important and depend on the knowledge and ability to negotiate.
Employability in relation to freelance or ad hoc work
In the future will be employed and more people will be working on the project. Robin Chase, co-founder of Zip Car, argues that it will be more effective than ever. Collaborative economy and other similar platforms are reinventing capitalism, for example platforms like Freelancer.com, a new way of organizing demand and supply.  Freelancer is also an example of how to employ people who are not employed and who are not employed.
Pro-active development of employability
INSEAD, and other organizations are experimenting with “pro-active development of employability”. INSEAD works with SanderMap CEO, Sandeep Sander . The idea is to translate future strategies into competencies needed – and tailor programs to cover competency gaps for the individual.
A similar approach is also used in leading companies like Novo-Nordisk, a pharma company with 40,000 employees. 
Employability creates organizational issues, because they will need reorganization in many ways. The growing automation and use of technology also makes it easier for people to change jobs. The issues are rising at the level of government, Steve Jurvetson
Ending employability relationships
Although the intention behind employability may be more important, it will be better In these cases, the term “employability” or “competence upgrade paid by the corporation” is used. A model used with MBA students might be more common; the company pays for “employment capacity development”
Institutional work on Employability
In the past, the government had institutions to handle unemployment and employment. In the future this will be extended to include employability.
The Institute for Employability
Singapore, has created a “Institute for Employability”  that works on competency upgrades, to reduce risk of unemployment and increase the competitiveness of the nation, the corporations and employability for the individual.
- Vocational training
- Life skills
- Study skills
- Adult education
- Jump up^ Ghoshal, Sumantra (December 1997). “The Individualized Corporation: An Interview with Sumantra Ghoshal”. European Management Journal . 15 (6): 625-632. doi : 10.1016 / S0263-2373 (97) 00046-7 .
- Jump up^ Ghoshal, Sumantra; Bartlett, Christopher A. (2004). The individualized corporation: a fundamentally new approach to management; great companies are defined by purpose, process, and people (6. [Dr.] ed.). New York, NY: HarperBusiness. ISBN 0887308317 .
- Jump up^ “What is employability” . Youtube . Retrieved 23 June 2015 .
- Jump up^ Berntson, Erik (2008). Employability perceptions: Nature, determinants, and implications for health and well-being . Stokholm University.
- Jump up^ Forrier, Anneleen; Salts, Luc (2003). “The concept employability: a complex mosaic” (PDF) . International Journal of Human Resources Development and Management . 3 (2): 102-124. doi : 10.1504 / IJHRDM.2003.002414 .
- Jump up^ Harvey, Lee. “On Employability” (PDF) : 3 . Retrieved 20 February 2017 .
- Jump up^ “Open Letter on the Digital Economy” . Open Letter on the Digital Economy . Retrieved 24 June 2015 .
- Jump up^ Chase, Robin (9 June 2015). Peers Inc: How People and Platforms Are Inventing the Collaborative Economy and Reinventing Capitalism . PublicAffairs. ISBN 1610395549 .
- Jump up^ “CVP Assistant” . LinkedIn . Retrieved 24 June 2015 .
- Jump up^ “Employment and Employability Institute” . E2I . Retrieved 27 June 2015 .