Workforce Planning and Technical Talent Shortages

Definition

The electric power sector is experiencing rapid scaling demands that are outpacing available skilled workforce. Utilities are attempting simultaneous major capital projects (generation replacement, transmission expansion, distribution modernization, grid modernization), competing for limited construction workers, engineers, and project managers. Operations directors face difficulty staffing control centers for 24/7 grid operations as retirements accelerate. Specialized technical talent (grid software engineers, cybersecurity, market operations) commands premium salaries and remains in short supply. Training programs for lineworkers, substation technicians, and generation plant operators have not scaled to demand, creating multi-year hiring gaps. Apprenticeship programs are years behind demand, and many communities lack training capacity. Rural and remote utility locations have particular difficulty attracting talent. Wage inflation for technical staff is 8-12% annually, exceeding overall utility cost control targets.

Why This Matters

Workforce planning and demand forecasting software, talent acquisition and recruitment services specializing in utility sector, workforce development platform partnerships, training and apprenticeship program development, retention and engagement analytics for technical staff

Affected Stakeholders

General Manager / Operations Director, Chief Financial Officer / Finance Manager

Related Business Risks