|John Novotny / flickr|
It is a trend that has become increasingly apparent for the past decade or more. America’s workforce is getting older. In many industries, the U.S. Bureau of Labor Statistics reports, the labor force is at or rapidly approaching retirement.
One of the most critical challenges facing energy industries is the ability to recruit and retain a skilled workforce. Workers approaching retirement possess unique and, unfortunately in some cases, undocumented knowledge of projects and processes. As a large percentage of employees retire from energy industries, there will be a need to build up institutional knowledge retention to ensure a smooth transition from experienced to inexperienced employees.