Battle of the dollar gap. [Competition between regulated and unregulated utilities]

Journal Article · Thu Jan 05 00:00:00 EST 1978 · Public Util. Fortn.; (United States)

OSTI ID:5232447

Newlon, M R

While attention has been focused on the new external pressures on investor-owned public utilities, an internal situation has developed in the changing relationship of risks and rewards and its impact on the industry's ability to attract and retain management personnel. Comparisons of regulated and nonregulated personnel policies indicate that, while current entry-level compensation is comparable, a dollar gap develops at the management level. The more capable graduates are attracted to the unregulated corporations which can offer better long-term compensation. Executive mobility has also pulled trained personnel from the top- and middle-management pool of regulated utilities as corporations have used their higher salaries to attract those with management skills and experience with government intervention. Retention depends largely on employee satisfaction, which can be increased with merit raises and promotions, nontaxable benefits, and flexible-benefit planning. Recruitment at middle- and top-management levels must take the approach of successfully bidding for qualified candidates.

• OSTI ID: 5232447
• Journal Information: Public Util. Fortn.; (United States), Vol. 101:1
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
99 GENERAL AND MISCELLANEOUS//MATHEMATICS, COMPUTING, AND INFORMATION SCIENCE
EMPLOYMENT
COMPETITION
PUBLIC UTILITIES
MANAGEMENT
ECONOMICS
INCOME
PERSONNEL
PLANNING
WORKING CONDITIONS
290200* - Energy Planning & Policy- Economics & Sociology
990100 - Management