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Commodity specialist hiring summary. Here are some key points about hiring commodity specialists in the United States:
Here's a step-by-step commodity specialist hiring guide:
Commodity specialists create strategies to get products from regional and global markets to achieve cost-effectiveness and a solid supplier base for their companies. Collaborating with the commodity manager on certain issues by attending meetings and exchanging development updates is part of their job. They manage the procurement of commodities and enhance the benefits from the projects they work on by following the agreed-upon specifications. They resolve issues related to commodities by developing better plans for negotiation and cost reduction.
First, determine the employments status of the commodity specialist you need to hire. Certain commodity specialist roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect commodity specialist also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents commodity specialist salaries for various positions.
| Type of Commodity Specialist | Description | Hourly rate |
|---|---|---|
| Commodity Specialist | Buyers and purchasing agents buy products and services for organizations to use or resell. They evaluate suppliers, negotiate contracts, and review the quality of products. | $44-82 |
| Purchaser | A Purchaser is responsible for buying goods and services from distribution centers to sell to customers or other companies. They conduct data analysis and research current market trends to identify public demands and generate resources that would increase the company's revenues and profitability... Show more | $17-32 |
| Purchasing Agent | A purchasing agent's general task is keeping purchase records and making sure that there won't be any discrepancies with the handling of orders. The purchasing agent should be responsible for the order processing and payment collection... Show more | $17-34 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $147,666 | $71 |
| 2 | Illinois | $135,738 | $65 |
| 3 | Washington | $127,694 | $61 |
| 4 | Massachusetts | $125,374 | $60 |
| 5 | Virginia | $122,654 | $59 |
| 6 | Wisconsin | $122,149 | $59 |
| 7 | Texas | $121,352 | $58 |
| 8 | Georgia | $121,295 | $58 |
| 9 | Rhode Island | $121,039 | $58 |
| 10 | Nebraska | $118,890 | $57 |
| 11 | Florida | $112,631 | $54 |
| 12 | Minnesota | $110,886 | $53 |
| 13 | Kentucky | $106,349 | $51 |
| 14 | Pennsylvania | $104,491 | $50 |
| 15 | Colorado | $102,682 | $49 |
| 16 | Indiana | $100,012 | $48 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | The Citadel | $174,881 | $84.08 | 1 |
| 2 | WEC Energy Group | $147,121 | $70.73 | |
| 3 | Apple | $143,743 | $69.11 | 4 |
| 4 | Turner & Townsend | $134,983 | $64.90 | 4 |
| 5 | Venteon | $126,890 | $61.00 | |
| 6 | Amazon | $126,690 | $60.91 | 49 |
| 7 | CNH Industrial | $123,344 | $59.30 | 5 |
| 8 | Outokumpu Stainless USA, LLC Calvert | $122,791 | $59.03 | |
| 9 | INFICON | $122,089 | $58.70 | |
| 10 | Markem-Imaje | $121,294 | $58.31 | |
| 11 | Cisco | $120,258 | $57.82 | 1 |
| 12 | National Express | $119,320 | $57.37 | |
| 13 | Juniper Networks | $118,742 | $57.09 | |
| 14 | Kiva | $118,519 | $56.98 | 2 |
| 15 | Enterprise Holdings | $117,025 | $56.26 | |
| 16 | Faurecia Emissions Control Systems Na, LLC | $116,417 | $55.97 | |
| 17 | Gustave A. Larson | $116,139 | $55.84 | 1 |
| 18 | Alstom | $115,469 | $55.51 | 2 |
| 19 | Ichor Systems | $114,013 | $54.81 | |
| 20 | Regal Beloit | $113,323 | $54.48 | 1 |
A job description for a commodity specialist role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a commodity specialist job description:
To find commodity specialists for your business, try out a few different recruiting strategies:
Your first interview with commodity specialist candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best commodity specialist candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire commodity specialists, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire commodity specialists pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $126,153 per year for a commodity specialist, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for commodity specialists in the US typically range between $44 and $82 an hour.