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 ?
He began to peel this with great composure, observing at the same time, that to ask a good woodsman to shoot at a target so broad as had hitherto been used, was to put shame upon his skill.
However it be, thou shalt not crow over us with a mere show of superior skill.
A jubilee of acclamations followed; and even Prince John, in admiration of Locksley's skill, lost for an instant his dislike to his person.
These were arranged in due order by the side of the murderous saws, knives, and scissors, when Elnathan stretched his long body to its utmost elevation, placing his hand on the small of his back as if for sup port, and looked about him to discover what effect this display of professional skill was likely to produce on the spectators.
Such were the impressions of Remarkable on the subject; and such doubtless were the opinions of most of those who felt it necessary to entertain a species of religious veneration for the skill of Elnathan; but such was far from the truth.
Self as employer, self-sufficiency, self-management, portable skills, continuous lifelong learning, serial employment, "dejobbing," transitions, strategic reskilling, contingency work, life-work balance, consolidation of work and family, leisure, different forms ofcommunity and aloneness
Companies are leading initiatives to solve the ongoing IT skills shortage, hoping their efforts will soon bear fruit.
Organizations need to focus on building the technical program management skills of their employees to efficiently manage programs, but they also need to focus on the leadership skills (a.
This study examined the role of CoRT thinking skills in supporting problem-based learning through a collaborative classroom culture, adjusting to changing student roles through structured "rituals," scaffolding student learning and performance, and initiating student inquiry.
This article is a follow-up to previously published reports of research evaluating the effectiveness of the Student Success Skills group and classroom intervention.
Yet, it is also true that health care organizations and physician executives who overcome the pigeonhole phenomenon discover that leadership qualities, market knowledge and skills acquired in a particular sector can be transferred to a new sector and environment.
Inseparable from content in planning the present-day history curriculum, including its social dimension, is the issue of skills development.