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 ?
Such characters are endowed with savant skills, are depicted and treated as socially dysfunctional, and are reliant on caregivers to navigate a world populated by the neurotypical.
Savant skills are, by definition, "splintered" or dissociated from the usual matrix in which one usually finds talent.
The second hypothesis is that the development of savant skills may be aided by weak central coherence, a cognitive processing style characteristic of autistic people (Frith, 1989).
To identify savant skills, the researchers quizzed the parents of the autistic adults asking them to identify and describe, using specific examples, any outstanding skills and talents that were present "at a level that would be unusual even for normal people".
Savant skills are usually defined as static, not growing or developing, but Hikari's music has been growing increasingly complex.
Like the Rain Man's ability to memorize phone books and count at near-warp speeds, Austin, too, has some savant skills. He prankishly changes the color of all the icons on the family computer to black, and downloads screen savers from mysterious locations.