skill


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Related to skill: Soft skill

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 ?
Information skill is an evolving idea to be learned from last two decades.
Access to a new skills audit tool to capture robust and consistent data on the skill needs of their business
To improve various soft skills, Library and Information Management education at Master level should include courses on soft skills.
In the questionnaire, alumni were asked "how would you rate the extent to which you needed or did not need to acquire the following skills in your college education?" A five-point scale was used as follows: (1) not needed, (2) somewhat needed, (3) much needed, (4) essential, and (5) Not sure.
The individual has acquired the skill but requires a certain amount of mental concentration to demonstrate the skill.
Table 7 shows that only the p-value of conceptual skill was less than 0.05.
In this first of a three-part series to address the need to capture the expertise of the existing workforce and develop the next generation of program leaders, I will discuss the business case for doing so, define project and program management, and explore the concept of competencies (i.e., the knowledge, skills, and abilities required for successful performance in the job).
Students used the CoRT skill of Consider All Factors (CAF) to determine factors in choosing a bird for a habitat at the school.
Student Success Skills: Key Skill Areas and Supporting Strategies
Tucci believes that the stereotypes some physician executives confront stem from a common theme: technical skills versus business skills, and how the combination works in various health care settings.
SOAR, is a research-backed learning pathway that nurtures values, skills, and career-based competencies in a child, at each step of their school life.
Their newly launched 'Skills Library and Profiling engine' is a web-based service that offers HR tech companies and organizations that are already utilizing human resources information systems (HRIS) a versatile and effective tool for mapping an individual's skills.