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 retained rider William Buick suspended, it was left to Rab Havlin to de-liver the Betfred Challenge Cup.He sent Skilful into a clear lead at halfway, but Don't Call Me was gaining all the time close home.
Liam Williamson, Bilton's skilful youth boxer was involved in a local bout against the tough Sean Goodwin from Horsley Hill ABC which had the crowd on its feet.
Anita McGee's New Neighbours offered a hilarious insight into a familiar travail as she (literally) shakes up the repressed world of an aging spinster with a skilful mix of live-action and animation techniques.
And, thanks to skilful navigation, they were in the right place at the right time to rescue 63 men from a torpedoed ship, and the airmen from a downed flying boat.
He said all available resources were being utilized to make women skilful as they could earn by living in their homes, adding that after getting training the women could run their own business.
The traits which have been identified for offering skilful training include: Building Painter, Civil Draftsman, Industrial Electrician, Mason, Material technician, Motor Winding, Plumber, Tile fixing and cutting, Beautician, Domestic Cutting, Wood painting and Polishing,, Quantity Surveyor, Auto Mechanic (Diesel), Crane Operator, Excavator Operator, Driving HTV, Motor Grader Operator, Wheel Loader Operator, Mould Mechanic, Bakery and Pastry, Cook, Food and Beverage Captain, Receptionist, Professional Cooking, Industrial Stitching Machine Operator, Dairy Herd Management, Sheep and Goat Production, Drip Irrigation, Horticulture, Post Harvest Handling and Export Management of Mango, Computer Network Technician, Web Design and Development.
This year Invicta have gone for a fast, skilful team and I think tonight's game will be even more of a chess match as our style is also quick, skilful and aggressive."
Villa boss O'Neill, whose side boast skilful England aces like Ashley Young and James Milner, claimed his comments were an "appalling insult".
AMIR KHAN is relishing the prospect of taking on a fighter "as skilful as me" when he defends his WBA light-welterweight title against Dmitriy Salita tomorrow.
Froch used to spar with Haye in his amateur days, and said: "He is a really fantastic, skilful fighter.
The Chelsea boss said: "If you give the teams who are very skilful too much space, and they know how to handle that space, you'll have a very difficult night.
He was a fine and skilful actor with a great sense of humour and an enormous sensitivity for the language."