Upskilling

[ˈʌpˈskɪlɪŋ]
Definition:

Upskilling is when one takes their knowledge and skills in a particular field or area to another level; upskilling is believed to have a much smaller investment than hiring and training a new employee. As employers upskill their employees, it creates a cross trained and a more well rounded workforce which can increase the team’s effectiveness. 

Effective upskilling strategies, involve various techniques which make the most of external resources and internal skills; employers must also ensure that different learning styles are considered based on the employee’s needs.

Part of speech:
noun
Use in a sentence:
A good way of developing our team is by upskilling.
Upskilling