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 ?
This is despite the fact that it exercised all reasonable skill and care and produced a design that was compliant with the Employer's Requirements and international standards.
Procedures were so 'inadequate' at L&G that the FSA felt compelled to cite this case, claiming that the firm had 'failed to act with reasonable skill and care' to its customers, he said.
UNDER the Supply of Goods and Services Act 1982, removal companies must carry out work with reasonable skill and care.
It is the duty of care of those playing the game to exercise reasonable skill and care to achieve the objectives set out.
You'll still have to shoot regularly (and possibly dry-fire, but that's another story) with your centerfire to maintain a reasonable skill level, but you'll have saved a lot of money getting there.
Byrd also claimed that counts one and three of the revised complaint state legally sufficient claims for negligence, because those counts allege that Ortiz had a duty to exercise reasonable skill, care and diligence to ensure that Byrd had proper insurance coverage, that Ortiz breached that duty by not advising Byrd to obtain sufficient uninsured/underinsured motorist coverage and that Byrd sustained damages as a result of the breach.
An event that has a budget of pounds 9 billion wants you, of a reasonable skill level, to work for nothing at an event where Coe and his mates sign cheques for fun?
The prosecution had a burden of proof to show beyond reasonable doubt Patel did not have reasonable skill or care in administering surgical treatment.
They have asked that residents be extra vigilant to doorstep callers and sellers who may not be offering work of reasonable skill and value.
They are accused of failing to exercise reasonable skill and care in adopting a policy on GARs which they genuinely believed to be in the best interests of the society and its members.
Mr Bannerman was asked to give evidence as to whether the patent had been drafted "in good faith and with reasonable skill and knowledge".
He added: "They have a reasonable skill level and the players look like a blend of Fijians and Tongans.

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