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 classic literature ?
The flash of rifles was then quick and close between them, but either party was too well skilled to leave even a limb exposed to the hostile aim.
I see nothing in it," replied the king, "except a clever imitation of a real one; and any skilled workman might do as much.
The reader will here find no regions cursed with irremediable barrenness, or blessed with spontaneous fecundity, no perpetual gloom or unceasing sunshine; nor are the nations here described either devoid of all sense of humanity, or consummate in all private and social virtues; here are no Hottentots without religion, polity, or articulate language, no Chinese perfectly polite, and completely skilled in all sciences: he will discover, what will always be discovered by a diligent and impartial inquirer, that wherever human nature is to be found there is a mixture of vice and virtue, a contest of passion and reason, and that the Creator doth not appear partial in his distributions, but has balanced in most countries their particular inconveniences by particular favours.
Not only was Bell himself a teacher of the laws of speech, so highly skilled that he was an instructor in Boston University.
Or again," said he, "the author may show himself to be an astronomer, or a skilled cosmographer, or musician, or one versed in affairs of state, and sometimes he will have a chance of coming forward as a magician if he likes.
For there are others older and mayhap more skilled than I.
Socrates is afraid that Crito is but pressing upon him the opinions of the many: whereas, all his life long he has followed the dictates of reason only and the opinion of the one wise or skilled man.
The conquest of the Henrietta, the bribery of the crew, Fogg managing the boat like a skilled seaman, amazed and confused him.
You forget all that a skilled vivisector can do with living things," said Moreau.
But Monsieur de Treville is a skilled physiognomist, who knows men at first sight; and he placed you in the company of his brother-in-law, Monsieur Dessessart, leaving you to hope that one day or other you should enter the Musketeers.
I know you to be well skilled in the management of the sword, while I am only moderately so; I know, too, that you are a good marksman -- there we are about equal.
Moreover, every one in the whole country is a skilled physician, for they are of the race of Paeeon.