skill

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Skill

The ability to accurately forecast returns. We measure skill using the information coefficient.

Skill

The ability to perform a task well. For example, a locksmith has the skill to make new keys for customers' homes and cars. Skills are required to perform many jobs and employers will only hire persons who fit the required skill set. As a result, skilled workers are often more highly paid than unskilled workers.

skill

any competence possessed by someone; in an employment context it often refers to a combination of knowledge and manual dexterity amongst manual workers. JOBS are often categorized as skilled, semiskilled or unskilled according to the level of skills apparently required to perform them. However, many argue that there is a mismatch between skills that are actually necessary to perform certain jobs and the nomenclature of the job. Jobs classed as skilled may in reality require little skill (perhaps because of the introduction of new technology) whilst unskilled jobs may require more knowledge than is often recognized (tacit skills). It is therefore argued by some that skills are socially constructed. By defining certain jobs as skilled, entry to them can be restricted to those who possess certain recognized competencies or characteristics. If acquisition of these can be controlled then entry to the job can be restricted. In this way the rewards stemming from the job can be maintained at a high level. This has traditionally been the strategy of craft TRADE UNIONS and of PROFESSIONALS. See SOCIOLOGY OF WORK, TRAINING.

skill

any competence possessed by a person, although in an employment context it often refers to a combination of knowledge and manual dexterity among manual workers. JOB or work tasks are often categorized as skilled, semi-skilled or unskilled according to the level of skills apparently required to perform them.

A key factor in upgrading skills is investment in TRAINING, both in terms of the provision of general education facilities by the government and, more specifically ‘on-the-job’ or vocational training facilities by firms and by the government.

The general level of skills of a firm's LABOUR FORCE is an important factor in increasing PRODUCTIVITY while, more generally, the skills of the labour force, as embodied in HUMAN CAPITAL, contribute to the achievement of higher rates of ECONOMIC GROWTH.

References in periodicals archive ?
Furthermore, the core skill sets of professionals/business are not quite captured by any business card, yielding unnecessary complexity and confusion.
As seen in the chart, a rigorous curriculum begins with Skill Set #1.
Your governance committee may provide a forum to openly evaluate the skill sets and performance of other board members, but any open self-assessment of committee members is problematic at best.
Through the workshop, the participants gained insights into different leadership skill sets required for organisational and professional growth.
But Mr Ott surely has it right when he looks at the person in the round, and not simply at what skill sets they might have.
The company plans to expand e-learning opportunities to participants so that they may incorporate their new skill sets into busy schedules in order to remain competitive in the work place.
Look for increased training emphasis on law enforcement, internment/resettlement, and police intelligence operations, while we simultaneously continue to maintain expertise in skill sets involving Soldier survivability and maintenance of lethality against the enemy.
It is important that only fully proficient people be allowed to move up to Skill Sets No.
Paula Cholmondeley, a director on five corporate boards, attended the training sessions in order to strengthen her skill set and understand new board trends.
Examine the key skill sets necessary for the role you are seeking.
Abstract: This article addresses the failure of sustainability of reform efforts in public school systems by reconceptualizing the perplexing notion of sustainability through a case study to discern the skill sets needed of principals to sustain reforms in urban settings.
To do their jobs, they dip into a wide array of skill sets.