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 ?
High school principals, on the other hand, ranked their number one skill set priority as interpersonal skills.
For Allina's Harrison, moving from one role to another is a matter of taking a skill set and experience base from one professional area and applying it to another.
Figure 1 shows the K/S definition process, which uses the following terminology: Skill set--one of the twenty-three standard job skills, professional factors, or technical skills; Elements--the major skills that make up a particular skill set (skill being defined as "the qualities that enable a person to accomplish something"); and Measures--the bases, yardstick, or evaluation methods for determining the extent or degree of a skill or element.
Speeds and Feeds: Students moving through Skill Set No.
It also identifies individual concepts within each skill set that may be creating problems for each student.
Other responses were a well-matched skill set (9 percent), the ability to act quickly (6 percent), functional experience (2 percent) and industry experience (1 percent).
Then too, the skill set required for managing employees on a 30,000-student campus is very different from the skill set it takes to create an environment from scratch, as Dase did at CSUCI.
Thriving--and, some days, just surviving--in an uncertain job market and economy requires a broad skill set for the communicator.
People whose primary skill set is managing others need to think hard about this.
To be successful, a broker has to have a very large skill set.
If you have a penchant for writing; knowledge of accounting, auditing or taxation; and an awareness of the desired skill set for entry level CPAs--the AICPA/NASBA team that is developing the computerized Uniform CPA Exam has a job for you.
openQ President and Co-Founder Jim Zuffoletti to Address the Value and Challenge of Life Cycle Management at the 2007 Medical Science Liaison Skill Set Training