The utilities and energy job markets are facing many challenges due to the rapid increase of new technology and a transitioning workforce. It's imperative that employers find ways for managing millennials who are currently entering the utility and energy industry. A solution to this includes training using modern learning management platforms and on-demand learning content.
Trends and Changes in the Utility and Energy Job Markets
It's expected that utilities and energy will lose at least half of their seasoned workforce in the coming five years. This means many worker skills will be lost, while other unknown skills will need to be learned. At the same time, the U.S. Energy and Employment Report shows that job growth is projected to be healthy in these sectors.
Millennials officially make up the largest portion of the adult workforce now. Managing millennials will include ongoing training and career development. Fortunately, there are many options for scaling the training of the next generation of the workforce, including on-demand learning delivered in a convenient, job-relevant format.
Why Training is Critical for Millennials Entering the Utility and Energy Industry
The energy and utility markets will continue to encounter new and emerging technologies that will require skilled workers. In some cases, these skills have not even been determined because of the formation of never-before-seen jobs.
Companies need to remain competitive as the utilities and energy industry is in flux. Those employers managing millennials effectively recognize that they create sustainability by investing in learning. They are keenly aware of the need for more accessible, consistent, and current training on job specific skills.
How Cloud-based Training Helps Manage Millennials in the Utility and Energy Industry
Your organizational leaders may be wondering how online learning can benefit the company. First, it enables faster hiring to onboarding of Millennials due to HRIS integration. This makes for a seamless experience for employees, which helps with managing millennials. Second, immediate access to modern training gives Millennials the tools to increase productivity sooner.
Interestingly, a recent LinkedIn survey indicated that learning is a top incentive for Millennials, even more so than pay and other benefits. This can increase employee retention and loyalty. Cloud-based learning enables Millennials to access content from anywhere, anytime, which is perfect for merging companies, those who work in the field, and those who are heading for global careers.