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 ?
And yes, part of the unemployment problem among UAE nationals is that of higher expectations in comparison to education level and skill set.
Once employees have mastered the skill sets in their current roles, they begin their advancement to various levels of seniority.
Developing these three skill sets will help students become successful self-directed and autonomous learners across content areas.
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.
After a student has passed the performance-based assessments of at least four of the five previous skill sets, the student may begin working on the Team Leader skill set.
Merging the postal clerk and storekeeper ratings will give the PCs a viable career path, broader skill set, and increased advancement opportunity with no adverse effect on the SKs, according to Command Master Chief (SW) James A.
If you've built a program based on our first three skill sets, you may be happy to stop here.
Each of the 15 skill sets has one assessment for pre-testing and one for determining student mastery of the specific skill, complete with answer keys, re-teaching strategies, a bibliography of professional resources that addresses each skill set, and a complete cross-index of literature models.
The study provided an overview of the availability of IT manpower primarily based on skill sets. XMG has segmented the labor supply by educations attainment with at least a four-year bachelor's degree and other IT vocational courses and skill set.
The required combination of operational and financial evaluation knowledge of industrial equipment and facilities for asset re-deployment is an unusual, complex, professional skill set. The full range of the effective skill set rarely exists or develops together in a manager or technical professional in a specific industry.
The required combination of operational and financial evaluation knowledge of industrial equipment and facilities, for asset re-deployment, is an unusual, complex, professional skill set. The full-range of the effective skill set rarely exists or develops together in a manager or technical professional in a specific industry.