Recruiting, Developing and Retaining Employees
Duke Energy is facing major change not only in its business environment, but within the company as well. We see dual challenges ahead:
- Competing for the best talent: hiring replacements for the approximately one-third of our employees who may retire in the next five years.
- Preserving specialized knowledge: systematically capturing the critical knowledge of our employees before they retire.
Duke Energy has a number of efforts designed to attract, retain and develop employees:
- We are identifying the core skills and jobs that we will staff internally, and those that we will contract with others to provide.
- We have developed knowledge management and aging worker retention strategies, including support for federal pension reform so retirementeligible workers can work part-time and draw from a retirement plan without penalty.
- We have revamped our training and development, including a new Strategic Leadership Program developed in conjunction with the University of North Carolina’s Kenan-Flagler School of Business.
- We are developing and testing a software tool to help employees find courses and other training opportunities.
- We implemented a new software tool for performance management, employee development planning and succession planning.
- We are using rotational programs to attract and develop early career professionals.
- We are working in partnership with community colleges and technical schools on development and recruiting for technician positions.
- We are expanding internship and co-op programs in nuclear, engineering and technical services, power delivery and the commercial businesses.
- We are expanding opportunities for employee networking and collaboration through Employee Resource Groups, safety steering teams and project teams.
- We regularly benchmark leading companies to offer competitive compensation and benefits, and progressive workplace programs.
- We conduct periodic employee opinion surveys to assess and improve our culture and workplace practices.