Electricians can receive a good salary and benefits, especially in the oil and gas industry. According to the U.S. Bureau of Labor Statistics, the median wage for electricians in 2010 was approximately $48,000. The lowest paid electricians earned $29,000, and the highest paid electricians earned $80,000. Electricians on oil rigs earn higher total salaries because they often work irregular schedules, like several days in a row with a week off. They also often receive overtime pay.
Most electricians also receive health and dental insurance, paid vacations, holidays, and sick days, as well as pension or retirement plans, profit sharing plan participation, or other special bonuses or pay. Union employees’ salaries and benefits are usually negotiated with or through the local union representative or the company’s union representative.