Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SITUATIONAL INTERVIEW

A technique that is used in an interview where the applicant is placed in a certain situation and asked about how to resolve it.

SITUATIONAL LEADERSHIP

A leadership model designed by Ken Blanchard and Paul Hersey where effective leadership needs flexibility in style that is dependent on the situation at hand.

SIX SIGMA

Developed by Motorola in 1986. It is a business strategy used in many countries to improve its quality of services and products through the removal of errors and defects. 99.99966% of products

SIX SIGMA QUALITY

A process that is well controlled and is A+ or A- on the Six Sigma chart. It means 0.00034% defects per m illion products made or zero defects in real terms.

SKEWNESS

The degree to which a statistical distribution is out of balance around a mean level. The balnce is biased to one side with either a negative or positive skew.

SKILL BASED PAY

A wage system where the employess are paid by the number of skills they possess and not how long they have been at the company.

SKILL BENCHMARKING

A process used to identify the levels of competency that are needed to complete a particular job or project.

SKILL TEST

The evaluation of the competency of an employee to do the skills required for a particular job.

SKILL VARIETY

The range of abilities that are needed in order to perform a specific task. Jobs requring a lot of different skills are said to need a high skill set.

SKILLED WORKER

A worker that has the knowledge and training to do a particular job such as an electrician or mechanic.

SKILLS INVENTORY

A list of the abilities, qualifications, capacities and career goals of an employee that identifies candidates that are suitable for promotions and internal recruiting.

SKIMMING

1. An illegal practice where money is taken from receipts for cash that is for personal use.2. Fraud where the numbers from a credit card are first recorded and then transferred to

SKIMMING PRICE

A high price that is aimed at the higher income groups for any status and luxury goods or for extracting a maximum return from markets for any new technology.

SKIN

A notation that is used along with PEL and TLV for exposure to substances that can be absorbed through mucous membranes, eyes and skin.

SKIN ABSORPTION

The ability shown by some substances to pass into the blood stream via the skin, eyes or mucous membranes.

SKIP PAYMENT CLAUSE

A provision allowed in some mortgagaes where a payment can be missed or skipped as the payment has been made previuosly or there is enough money to cover the next payment.

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