Aging Workforce a Top Challenge for Electric Industry

Black & Veatch Corporation has identified the aging workforce as the second of 10 challenges to the electric industry, "challenges which, if not adequately addressed, could threaten power system integrity and lead to significant rate increases." Black $ Veatch reports that half the workforce is likely to retire within a decade, so that "companies must develop the means to preserve the knowledge that will walk out the door and find skilled replacements for the retiring staff."

According to Richard J. Rudden, Senior Vice President, the firm's Enterprise Management Solutions division will be undertaking a survey to explore these big challenges and to analyze them in depth, and it expects to publish the results in the fall.

Source: Black & Veatch Press Release (June 20, 2006)