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 ?
With the new portable skill sets system, training, retraining and certifying workers in the specific skills needed for these opportunities will be more efficient than ever before.
Skill sets are constantly reviewed, assessed and documented for compliance using auditing guidelines.
Your visibility to your network, the uniqueness you offer through your skill sets, credibility and value you offer along with the emotional connection makes up your brand.
Finally, Skill Set #3 requires risk taking and flexible thinking, while also expanding students' ability to transfer knowledge.
The most difficult situation may exist when a nice person just doesn't represent the right skill set or your board has an overabundance of duplicate skills (too many accountants or lawyers, etc.).
The curriculum developed for the Design Academy (available at www.etcurr.com) is divided into six skill sets, all pertaining to different skills that students should possess in order to be successful in VEX Robotic Competitions.
The students who impress are not necessarily the ones who have mastered their catering skill sets, but those who have those human qualities highlighted by Dave Ott.
There has been some debate over whether skill sets have the capacity to be part of a more flexible skilling solution, one in which vocational education and training (VET) in Australia is enhanced.
The brief, weekly e-mails include reminders of the “13 Savvy Skill Sets”, along with daily tips and optional activities that will reinforce newly learned skill sets.
This realization recently prompted the Regiment to reassess training priorities and emphasize the "police" functions and skill sets of "military police" without forsaking the "military" functions and skill sets.
That does not mean that I am against community schemes which enhance the aspirations and skill sets of the locality - rather the opposite.
If you've built a program based on our first three skill sets, you may be happy to stop here.