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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 ?
A company, which has between 10 per cent and less than 40 per cent skilled workers and at least 50 per cent of the multicultural ratio will be classified as (2B).
Comparing the values of labor market tightness in the high- and low-skilled sectors, we obtain the following: as productivity is higher for high-skilled workers than for low-skilled workers, this tends to increase labor market tightness in the skilled sector relative to the low-skilled sector.
He said that sub-committees headed by consultant TEVTA Lt Col (Rtd) Aamir Hassan and Project Director Labour Department Dr Javed Gil was constituted and it will give final shape to the arrangements for identification of professional skills according to the demands of Qatar, besides providing facilities like identity card, passport, visa, security clearance and vaccination to the skilled and unskilled workers going abroad under One Window Operation for Punjab overseas labour.
The Labour Minister said that social security facility will be ensured to the families of skilled workers going abroad.
Recruiters will find the following types of skilled craft workers at the website:
The wage of low skilled workers in the South is lower than that in the North.
Last year a total of 18,780 migrants were handed so-called Tier 1 visas, which are aimed at highly skilled workers from outside the EU and also allows in super rich investors and proven entrepreneurs who want to start businesses in the UK.
Moore also serves as chair of the governing body and chief executive officer for each of Skilled Healthcare Group's skilled nursing and assisted living companies in the Midwest.
Wales' 43,000 skilled migrant workers will account for 5% of the UK's total skilled migrant population and contribute 0.
In the study we classified into 2 sections: (1) changes due to trade (without any technological change) (2) changes due to Skilled Biased Technological Changes (SBTC) (with technological changes)
Under the Government's current points scheme, migrant workers from outside the EU are split into three groups - highly skilled, skilled and low-skilled.
General awareness of this need has grown so much that Sudbury's Cambrian College is seeing record numbers in skilled trades enrolment.