How A GIS Can Help Utilities Address The Aging Workforce And Capitalize On Data
The U.S.’ utility industry is facing a transformational shift, not only in its business model, but also in the workers who bring it to life. Baby Boomers, who once dominated the industry and considered the utility line of work “a job for life,” are threatening its existence with imminent retirement. These vital workers who hold critical information are departing at an increasingly rapid rate, leaving utilities with large talent and knowledge gaps to overcome.
In fact, a recent study conducted by PricewaterhouseCooper reported the already-high voluntary turnover rate of utility workers climbed by a full percentage point between 2010 and 2012. Even more frightening is the number of executives currently eligible for retirement, which jumped 50% between 2011 and 2012.
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