When it comes to location, the highest average paycheck ($104K annually) can be spotted in Red Wing, Minn.; Welch, Minn. (approximately $94K), Eau Claire, Wisc. (about $92K), and the company's headquarter city of Minneapolis, Minn. ($80K) are the next top-paying cities. At around $43K, Hobbs, N.M. is home to some of the lowest pay in the country. Within the company, workers earn the highest salaries (an average of $92K per year) in Wisconsin.
Nearing the top of the pay scale are Operations Managers, Maintenance Supervisors, Senior Electrical Engineers, and Electrical Engineers; while the first receives the highest median pay at $109K annually, the other salaries come in at around $103K, $97K, and approximately $76K, respectively. Financial compensation for Accounting Analysts is rather low — on average only $52K — relative to the rest of the company.
Years of Experience
For those with five to nine years of experience, average earnings amount to about $78K per year. The largest slice of the Xcel Energy, Inc. workforce (33 percent) has been working for one to four years and earns, on average, $64K annually.
Certifications and Degrees
OSHA 30 hour Certificate Holder Holders receive bigger paychecks ($106K per year) than those without credentials. Bigger paychecks are awarded to Project Management Professionals with credentials; these people earn about $100K annually on average. At Xcel Energy, Inc., employees who hold a Bachelor of Science in Electrical Engineering (BSEE) receive the highest salaries at approximately $95K.
When it comes to skills, People Management seems to bolster pay the most; employees who claim proficiency also enjoy a median income of $107K per year. Project Management is regularly seen around here; just over a fifth of those surveyed report it as a core competency. Employees also tend to round out their skills sets with Microsoft Excel, Engineering Design, and Operations Management.
Benefits and Perks
Xcel Energy, Inc. workers get plenty of help saving for their golden years, with retirement savings options such as a 401(k) plan and a company pension plan. For a large number of workers, benefits include health insurance, and a strong majority of survey participants get dental coverage, too. Some other advantages of working at Xcel Energy, Inc. are tuition reimbursement, a subsidized cell phone, life insurance, and a casual working environment.