Skilled Labor


Also found in: Financial.

Skilled Labor

 

labor requiring specialized preparatory training of the worker, as well as the experiences, ability, and knowledge necessary to fulfill specific kinds of work. Unlike unskilled (simple) labor, skilled labor is complex: one hour of skilled labor is equivalent to several hours of simple labor. In accordance with this, skilled labor is paid at a higher rate than unskilled.

References in periodicals archive ?
Thai police said that these are skilled labor jobs.
Most of the EU migrants entering the German job market were young and highly skilled, the survey pointed out, helping Germany to cope better with the downsides of an aging population reflected also in a shortage of skilled labor.
The DG said that we have to make the Institute effective with the aim to provide the skilled labor to the industry and with the support of all the stakeholders, this Institute would emerge as a producer of skilled manpower to fulfill the industrial needs of the region.
Local and foreign business groups, for their part, have also expressed their concerns, saying that the realization of the government's Build Build Build program may take a hit if such skilled labor supply tightness continues.
This is true even if one introduces skilled labor as an additional factor input.
According to the US News & World Report, the country ranked first among 80 countries as the best one to invest in based on scores given by "more than 6,000 business decision makers on a compilation of eight equally weighted country attributes: corruption, dynamism, economic stability, entrepreneurship, favorable tax environment, innovation, skilled labor force, and technological expertise."
Coupled with a lack of new, younger workers entering the industry--due to a perception of better opportunities elsewhere--the skilled labor shortage is magnified.
[The] MRAs covering the eight services would only exacerbate the drain of Filipino professionals, technicians and other skilled labor to the more developed nations in need of their services, he added.
On the occasion Liqat Ahmad Khan inform Qatar Ambassador and Commercial Secretary inform regarding the overall financial situation of Khyber Pakhtunkhwa, adding that KPCCI in the leadership of businessmen forum leader Ilyas Ahmad Bilour in the province skilled labor and work force and employment opportunities were provided to the youth of KP and for this purpose KPCCI president also try their best.
More specifically, we empirically assess the theoretical predictions of the studies highlighted above, by investigating whether the successful adoption of new technologies requires a threshold level of skilled labor in the host country and whether a higher level of skilled labor enhances productivity improvements from importing capital.
It was expected that, given the relative strength of resources in the Mexican economy, trade liberalization would generate an increase in the employment of unskilled labor, which would be partially offset by a decline in skilled labor. Therefore, the net effect for the country would be positive, and would additionally lead to a reduction in differential wages between these two groups of workers.
A skilled labor force can produce high quality product at a faster rate and therefore it is very important for and organization to retain its employees.