The U.S. Bureau of Labor Statistics recently released data that provides detailed information and age comparisons for employed persons in the Utility Sector. The statistics show the water sector had 238,000 employees, while 148,000 were over the age of 45. This data verifies that 62% of our nations Water Operations Specialists were eligible to retire within 10 years. The median age of a water professional was listed at 48.4 years.
On the wastewater side, the statistics show there were 105,000 total employees. The data further identified that 65,000 were over the age of 45. Thus, 61.9% of Wastewater Operations Specialists were eligible to retire within 10 years. The median age of a wastewater professional was also listed at 48.4 years.
This data verifies and confirms what many have feared in our industry. We need to focus some attention on recruitment and succession planning.
For more information and data please visit the following link http://www.bls.gov/cps/cpsoccind.htm.