Black & Veatch Launches New Management Succession Planning Service to Address Aging Workforce Challenges.New Service Offering Lessens Impact of Aging Workforce DENVER Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. -- Electric and water utilities are faced with the prospect of losing up to 60 percent of their top management and other key workers to retirement by 2010. To help address this challenge, Black & Veatch's Enterprise Management Solutions consulting division (EMS) announced today at the Edison Edison, township (1990 pop. 88,680), Middlesex co., NE N.J., inc. 1870 as Raritan Township, renamed 1954. Edison's varied manufactures include light trucks, chemicals, metal products, electrical and electronic equipment, machinery, and instruments. Electric Institute's Annual Convention that it is partnering with executive recruiting firm Mycoff, Fry & Prouse in offering a Management Succession Planning Management Succession Planning In organizational development, succession planning is the process of identifying and preparing suitable employees through mentoring, training and job rotation, to replace key players — such as the chief executive officer (CEO) — Service. "Black & Veatch's Management Succession Planning solution solves both immediate needs for leadership or technical expertise and addresses longer-term needs for permanent successors for retiring staff," said Tom Resh, Solution-Set Lead for Black & Veatch's Management Succession Planning Service. "The Mycoff organization, which has an 'inventory' of hundreds of retired, senior utility executives, is able to identify and locate individuals for short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. and temporary assignments, while we work with clients to develop a strategic human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. plan." For example, Black & Veatch was able to successfully assist a California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). utility in resolving its immediate need for a principal engineer through this unique service and is in the process of developing a comprehensive succession plan for the utility. "The client's initial recruitment efforts were unsuccessful in filling this key role," said Carl Mycoff, President, Mycoff, Fry & Prouse. "Working with Black & Veatch, we were able to identify a former electric utility engineering executive to immediately fill this position and assist in training less experienced existing staff." The Management Succession Planning Service provides clients with: * Management succession review and strategic human resources planning services * The industry's most comprehensive portfolio of recently retired executives from which to choose a candidate * No burdensome salary and benefits administration associated with contract employees * Full access to Black & Veatch's knowledge and resources * Multiple hiring options such as a fixed-time contract, an open-ended contract, retaining the individual for permanent placement, or scheduling a series of different managers as part of a mentoring program. About Black & Veatch Black & Veatch is a leading global engineering, consulting and construction company specializing in infrastructure development in energy, water, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , federal and environmental markets. Founded in 1915, Black & Veatch develops tailored infrastructure solutions that meet clients' needs and provide sustainable benefits. Solutions are provided from the broad line of service expertise available within Black & Veatch, including conceptual and preliminary engineering services, engineering design, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , construction, financial management, asset management, program management, construction management, environmental, security design and consulting, management consulting and infrastructure planning. With more than $2 billion in revenue, the employee-owned company has more than 100 offices worldwide and has completed projects in more than 100 countries on six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. . The company's Web site address is www.bv.com. About Mycoff, Fry & Prouse Mycoff, Fry & Prouse and its predecessor organization Mycoff & Associates is a leading executive search and recruitment firm specializing in the electric, natural gas, water and telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. industries. Founded in 1974, the Mycoff organizations have completed over 60 engagements for chief executives and hundreds of searches for officers and senior management personnel for investor-owned utilities, public power organizations, rural cooperatives, non-utility generators, energy marketers, independent system operators, transmission companies and consultants serving these organizations. www.mycoffassociates.com |
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