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Energy trader hiring summary. Here are some key points about hiring energy traders in the United States:
Here's a step-by-step energy trader hiring guide:
The energy trader hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
An energy trader's background is also an important factor in determining whether they'll be a good fit for the position. For example, energy traders from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of energy traders.
| Type of Energy Trader | Description | Hourly rate |
|---|---|---|
| Energy Trader | $31-95 | |
| Finance Representative | A finance representative, also known as a financial advisor, provides sound financial proposals to clients. Primarily, financial advisors guide and plan the financial decisions of clients based on their needs, goals, and requirements... Show more | $10-37 |
| Natural Gas Trader | A natural gas trader facilitates the buying and selling of natural gas, ensuring a safe and steady flow of supply to customers. Although the extent of their responsibilities varies upon their company of employment, it typically includes overseeing stock and market exchanges, meeting the clients to identify their short and long-term goals, monitoring natural gas prices, and conducting regular assessments to determine the losses and profits... Show more | $29-90 |
Including a salary range in your energy trader job description is one of the best ways to attract top talent. An energy trader can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $136,397 | $66 |
| 2 | New Jersey | $116,956 | $56 |
| 3 | Oregon | $115,071 | $55 |
| 4 | Florida | $113,932 | $55 |
| 5 | Massachusetts | $110,426 | $53 |
| 6 | Colorado | $98,779 | $47 |
| 7 | Illinois | $96,910 | $47 |
| 8 | Texas | $93,848 | $45 |
| 9 | Kansas | $82,617 | $40 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | NRG Energy | $127,359 | $61.23 | 9 |
| 2 | ABN AMRO Chicago Corporation | $125,342 | $60.26 | |
| 3 | Tullett Prebon | $117,767 | $56.62 | 1 |
| 4 | Rainbow Energy Marketing | $114,274 | $54.94 | |
| 5 | Pacifi | $110,683 | $53.21 | 1 |
| 6 | Xcel Energy | $78,490 | $37.74 | |
| 7 | SEC, Inc. | $62,400 | $30.00 | 2 |
An energy trader job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an energy trader job description:
To find the right energy trader for your business, consider trying out a few different recruiting strategies:
Your first interview with energy trader 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 have selected a candidate for the energy trader position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new energy trader first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Before you start to hire energy traders, 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 energy traders 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 $114,844 per year for an energy trader, 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 energy traders in the US typically range between $31 and $95 an hour.