Navigating the Age Wave: The Maturing Workforce in the Utility Industry

A significant trend has emerged in the utility landscape that demands attention and adaptation: the age of its workforce. The average age of employees in the industry consistently surpasses the national average. As veteran workers approach retirement, rate-regulated utilities are being prompted with both challenges and opportunities. As utilities confront their own business processes and explore the next generation of software solutions, Lucasys stands as an industry leader.

Vadim LantukhAugust 28, 2023Lucasys tax, accounting, fixed asset accounting, tax fixed assets, lucasys, lucasys tax, maturing workforce, utilities, utility industry, Labor Statistics, Strategy, demographics, tax issues, tax accounting software, retirement