As utilities companies embark on initiatives such as investing in renewable resources and modernizing the grid, organizational commitment to change becomes paramount. However, alongside these initiatives, there is a pressing need to invest in the workforce. According to Electric Energy Online, many skilled workers in the utilities sector are nearing retirement in the coming decade, necessitating a plan for skills replacement. One effective approach is through upskilling and reskilling initiatives.

Ernst & Young’s report highlights significant skills gaps in utilities companies, including data analytics/science, UX design, artificial intelligence, digital literacy, and virtual reality. While executives acknowledge the importance of reskilling, less than 60 percent report having a comprehensive plan in place. Beyond these areas, there’s a need to address roles like technicians and engineers.

Moreover, the Bureau of Labor Statistics indicates challenges in finding and retaining talent, particularly with younger workers showing shorter tenures. Hence, investing in upskilling and reskilling programs is crucial. Let’s explore the benefits and examples of implementing such initiatives in the utilities sector.

Benefits of Upskilling and Reskilling

–  Enhanced Retention: Investing in employees’ personal and professional growth fosters satisfaction and loyalty. Demonstrating commitment to their development encourages them to stay longer with the organization.

–  Cost-Effectiveness: Reskilling existing employees can be more economical and less time-consuming than hiring external talent. The average investment for reskilling per employee is approximately $5,000, making it a viable option compared to recruitment costs.

–  Targeted Skills Development: With an understanding of the company’s skill requirements and employee capabilities, organizations can strategically address skill gaps through tailored training programs.

–  Modernization: Upskilling and reskilling initiatives ensure that the workforce remains updated with evolving technologies, contributing to the company’s overall modernization efforts.

Examples of Upskilling and Reskilling in the Utilities Sector

–  Smart Grid Technologies Training: Providing comprehensive training on smart grid technologies equips the workforce to understand and implement these advancements effectively, supporting the modernization of power grids.

–  Data Analysis Skills for Administrative Staff: Leveraging existing skills in spreadsheet platforms, administrative employees can be trained in data analytics, easing the burden of hiring specialized data analysts.

–  Virtual Reality Training for Trainers: Reskilling trainers to utilize virtual reality and augmented reality technologies enhances training effectiveness while reducing costs associated with in-field training.

–  Digital Literacy for Technicians: Offering in-depth training on digital technologies ensures technicians are proficient in utilizing new systems, promoting equitable skill development across the workforce.

Building a Future-Ready Team

At intiGrow Staffing, we specialize in building and managing teams for utilities companies, aligning with your grid modernization objectives. Let us assist you in developing a customized plan to address your workforce needs effectively. Reach out to us today to explore how we can support your organization’s growth.