IAMU Informer
Follow IAMU!
  • Informer News Feed
  • IAMU Website

The Retirement Train

10/6/2014

0 Comments

 
Picture
You may have been hearing for a while that there will be a huge wave of retirements in the utility sector within the next few years. For some of us, the train has arrived at the station. It’s here, now what do we do? Is it an opportunity to shift younger, experienced employees, into supervisory or management positions? Is it the time to cross train current employees to perform other tasks to fill the gaps left by retirements? Should I have hired someone 2 years ago? Several of you may be dealing with this right now.

Utilities are dealing with issues concerning rates, aging infrastructure, emission requirements, safety regulations and whatever the next phone call, customer visit or email consists of. Now, our best employee of 35 years has just announced that they are retiring next month! I can just place an ad, right? The ad that you place hasn’t changed much since the 35 year veteran was hired, but the market has. The labor market is much smaller than it was in the past. It can also be a money grab for young workers that have no ties to a community or family. Some utilities and contractors are offering great pay to attract workers. These issues make it even more important to start planning ahead.

Start looking at your workforce. Do I have anyone that has enough training or shows the drive to move forward with their career? It can be hard to forecast a retirement. Some workers just get tired of the day to day activities and call it quits. An injury or family illness forces them to change plans. Others may give subtle hints that may be ignored or forgotten. Preparing an employee to start a new position or a move up the ladder takes a lot of time and effort by everyone in the workplace. One or two years at a utility might not be enough experience to be fully competent. Who will train the new person?

Some of the answers to these hard questions might not be very difficult to answer. Utilities should be willing to offer training to insure that their employees are competent and safe. Offering training can send a message to the employee that you as the employer care about their well-being and that you are willing to invest in them. Try to get the ball rolling with a new hire as soon as possible. An apprenticeship might be the answer for new linemen with little experience. This gives them a chance to build on the knowledge that they may have obtained in a power line program or on the job experience. During this time, the utility overseeing the program can monitor the apprentice’s progression. If you are fortunate enough to have experienced workers, don’t assume that they will or want to step up into the next position. Let employees shadow and gain some insight of what the next level job will consist of on a daily basis.

Utilities, boards, and councils put together plans for projects and expenditures that may look into the future five or ten years down the road. Why not look at your workforce in the same way? You may not have a date on the calendar marked for the next retirement, but you may be better prepared when it happens. Pay scales at municipal utilities may be lower due to budgetary restraints, so the advantage goes to the bigger players in the hiring pool. The advantages that may be forgotten about are that your utility can provide an employee with less travel, a chance to connect with a community or in some cases, their home town, a smaller system to maintain and operate and a job with good pay and benefits.  Look at the age of your workforce. Work with schools to focus on the value of this trade and its benefits. Many young people feel the pressure from others to go to college and be the next CEO. They might not realize that if they complete a power line program at a nearby college and want to work outdoors, it can be a really great career. It has been forecasted that between the years of 2011-2016, over 45,000 new workers will have to be recruited to fill in all of the openings in the electric utility sector. Someone has to keep the lights on. Be the person waiting at the train station to usher off your new employee before your next employee boards the retirement train.

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

      Subscribe To The Informer

      You can subscribe to The Informer by adding the RSS feed to your feed reader. Or, to request to be added to our weekly email blast, provide your information below.  NOTE-you must be an IAMU member (utility, affiliate, or associate) to receive the email blast.
    Submit

    Archives

    January 2023
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014

    RSS Feed

Picture

Copyright 2018 Iowa Association of Municipal Utilities