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NEWARK, N.J., Sept. 5 /PRNewswire-FirstCall/ -- Public Service Enterprise
Group was named one of the country's "Best Places to Launch a Career" in
BusinessWeek's third annual list, released today on its website.
The Best Places to Launch a Career ranking is based on three separate
surveys: a BusinessWeek poll of career-services directors at U.S. colleges; a
survey of 40,000 U.S. college students conducted by Universum USA, a
Philadelphia research company; and a BusinessWeek poll of the employers
themselves.
PSEG is one of New Jersey's largest employers, and its leader is one of
the energy industry's most vocal workforce development advocates.
"Being able to attract talent is becoming increasingly important as Baby
Boomers retire," said Ralph Izzo, chairman, president and CEO of PSEG.
Izzo is also chair of the Center for Energy Workforce Development (CEWD).
A 2007 CEWD Workforce Survey report found that the aging workforce represents
a significant challenge to the energy industry, which faces the prospect of
losing roughly half of its workforce at a time when growing demands for
electricity coupled with a growing population and economy are fueling demand
for workers. The report says that nearly 40% of line-worker jobs may need to
be filled by the year 2012 and that roughly 46% of engineering jobs may be
vacant by the same year.
That makes efforts to recruit and retain workers more important than ever
before.
"We are working hard on becoming an industry and a company where people
want to work," Izzo said. "At PSEG we are focused on attracting talented
people who share our values and reflect the communities we serve. We
understand the importance of providing training, tuition reimbursement,
developmental opportunities, and a good work/life balance. That makes PSEG a
good place for a career, not just a job."
"The success we have enjoyed for over a century is a direct reflection of
the quality of our employees," Izzo added. "And there is no doubt that it is
they who are the primary determinant of our future prospects."
Public Service Enterprise Group (PSEG) is a publicly traded diversified
energy company with annual revenues of more than $12 billion, and three
principal subsidiaries: PSEG Power, PSEG Energy Holdings, and Public Service
Electric and Gas Company (PSE&G). PSEG Power, one of the largest independent
power producers in the U.S. has three main subsidiaries: PSEG Fossil, PSEG
Nuclear, and PSEG Energy Resources & Trade. PSEG Energy Holdings has two main
unregulated energy-related businesses: PSEG Global and PSEG Resources. PSE&G,
New Jersey's oldest and largest regulated gas and electric delivery utility,
serves nearly three-quarters of New Jersey's population.
SOURCE Public Service Enterprise Group (PSEG)
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