skill

(redirected from Skill Sets)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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 ?
It may be that your goals do not include programming skills, and you don't use Skill Set No.
This article will respond to the failure of sustainability of reform efforts in public school systems by re-conceptualizing the perplexing notion of sustainability through the highlighting of a study of urban school leaders' perceptions of the skill sets needed to sustain reform.
IREM also provides ongoing structured and casual opportunities to help members keep their skill sets and networking opportunities current through national education conferences and seminars--supplemented by local chapter activities around the world.
Naturally, he says, "You can't get away from knowing where the cash flow is coming from, but there are common denominators among both the executive skill sets and the technical that are probably more important even than industry knowledge.
Internal skill sets are few, dwindling, and stretched thin
Obtaining needed skill sets will allow CPAs to effectively serve their clients' future needs;
They have to get together and take the pool of talent they have and determine where the skill sets are, because every individual has a different skill set.
The engine will automatically search the most important skill sets from the requisition and produce the best matching resumes.
These difficulties led to the development of a process for better defining skill sets and measuring skill levels.
These technologies are changing the way companies do business by saving them time, costs, and enabling them to rapidly obtain the critical knowledge and skill sets they require.
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.