Succession planning done right sets the growth course. It aligns with talent processes, mends gaps and develops future leaders for success. But too often, it doesn’t get the attention it deserves unless a crisis forces it on the agenda. True planning for the workforce of the future, for the success of the future—means addressing succession planning today.
Power and Utilities organizations have a higher proportion of workers eligible for retirement compared to the all-industry average. Sixty-two percent of the power and utilities workforce has the potential to retire over the next five years, and 52% of skilled engineers will need to be replaced by 2020.