Resources for Salary Tools for Energy Industry Employment

Energy industry salaries must be competitive in order to keep the employees you value and recruit new staff. But what is the average energy industry salary? Obviously, starting salaries for oil industry jobs will be less than the pay given to seasoned professionals, but it’s also important to determine average energy industry compensation for similar positions at other companies in your area.

If you’ve been lucky enough to have had the same energy career professional at your company for years and years, you may have an especially difficult time determining a fair energy business salary. As a business owner, you’ll want to have accurate, up-to-date energy industry salary information and the following resources will help:

1. Use salary tools for energy industry employment to help you hire new employees at a fair rate.

2. Use salary tools for energy industry employment during staff reviews and promotions.

3. Use salary tools for energy industry employment to help you determine employee benefits packages.

Determine fair energy industry salaries before hiring new employees

Energy industry salaries run the gamut due to several factors, including job type, experience level, company size and location. Deciphering what a specific position is worth can be dizzying. Fortunately, there are a variety of energy industry salary tools available that are easy to use and typically provide current information on energy industry compensation.

Stay up-to-date on energy industry salaries to keep employees happy

Offering a competitive energy industry salary to a new employee is imperative, but it's also important to regularly provide fair salary increases to staff members that have stayed, even if they are not getting promoted, to make sure they don't look elsewhere for a pay boost. At the very least, all employees should get a cost-of-living increase at review time.

Keep employee benefits in mind when establishing energy industry salaries

An energy industry salary is not the only thing that will attract and keep employees. Benefits such as medical and dental insurance, vacation pay, life insurance, flexible hours, casual dress and more are factors for many workers. Keep all benefits in mind when coming up with energy industry compensation.

• If you're a small business that is having a hard time matching the energy industry salaries of larger companies, tout more responsibility and room for growth to prospective employees. Offer impressive titles as another benefit.