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 ?
I am indebted to them for their skilfulness which has now almost returned me to normal everyday life.
The relation between meta cognitive skilfulness, Intellectual ability, prior knowledge, causal mechanisms and inquiry Learning performance in fourth--and sixth graders.
Such ceramic sculpture style was quite similar to that of Ding kiln, Cizhou kiln and Jizhou Kiln, which all demonstrated the skilfulness, grace and beauty of all crafts in the Song dynasty.
discipline, aggressivity and skilfulness of drivers; i.
These are the stories that portray the kind of bold courage, risk-taking, skilfulness, knowledge and absolute expertise that are the hallmarks of critical care nurses everywhere.
By taking as given the skill base which each worker brings to her job, data on skill-intensity taken in isolation provide no information on the comparative skilfulness of the workforces employed in different occupations or locations and no indication of whether the actual complexity, knowledge content or requirement for relevant aptitudes or behaviours (dexterity, concentration, interpersonal skill) is greater in one type of job than in another.