Defining Employability has been controversial, but is essential if we want to think about the contribution that professional higher education can make to the employment needs of individuals and economies. We should consider all dimensions of employability, and reflect on how these are provided and sustained. Medium-term projections of economic (globalisation, technological development, rapider innovation cycles) and societal trends (ageing, employment rates, dependency rates) suggest changes in the age- and qualification-structure of the workforce and in the skills needs of employers, which will challenge the professional higher education institutions in new ways.