skill

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Skill

The ability to accurately forecast returns. We measure skill using the information coefficient.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
This is especially dangerous for the Contractor, who may exercise all reasonable skill and care when carrying out the design for the works and constructing the works, and comply with all other Contractual obligations but still remain liable for breach.
A paper plate has also never attacked me and yet on occasion I mention this as a reasonable size for a target to practice on if where one practices humanoid targets are not appropriate or if one doesn't wish to project the image of shooting for personal defense yet wished to acquire reasonable skills for personal defense.
Use of this criterion requires patent attorneys, patent office examiners, and judges to imagine persons with reasonable skill in an art, and then speculate as to what might have been obvious to them at the time that an applicant filed his patent application.
This music is not easy to perform well, but the edition will be a welcome addition to the library of any collegium with reasonable skill in performing early music.
The Partins said in the malpractice complaint that Cordes "failed to verify that the woman placing the child up for adoption through his office was actually pregnant, which an attorney of reasonable skill and diligence would have done."
If not, you can claim that the retailer did not fix the computer with "reasonable skill and care" as required by the Consumer Rights Act 2015.
The Rail Delivery Group, representing train companies, said anyone claiming additional consequential losses through the CRA would have to pass a "very high legal hurdle" by proving a train service was not provided with reasonable skill and care.
The NPHAP only provides recommendations to the SBON regarding an individual's ability to practice with reasonable skill and safety to patients.
(If you get food poisoning from a restaurant, please remember that the Supply of Goods and Services Act says your food should be prepared with reasonable skill and care, be fit for purpose and of satisfactory quality.
In the context of insurance, one who holds himself out to the public as an insurance broker owes a duty to his or her principal to exercise reasonable skill, care and diligence in effecting the insurance.
On a recent Saturday, potential recruits, several taller than 6 feet, did sprints, dribbling exercises, layups and defensive drills with reasonable skill.
"Highland Council failed to provide the reasonable skill and care that would be expected of a caring and experienced local authority."

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