Damen Carbide Tool Salary

As of July 2026, the average annual salary for employees at Damen Carbide Tool in the United States is $80,912. This translates to an approximate hourly wage of $39. Salaries at Damen Carbide Tool typically range from $71,156 to $91,816 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Damen Carbide Tool Pay for Different Roles?

Explore detailed salary information for specific jobs at Damen Carbide Tool. Based on our data, the highest paying job is the Director of Finance and Accounting, with an annual salary of $191,976. The table below outlines the annual salary ranges for most popular roles within the company.

Sales Manager

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Technical Support Representative

$49,122 / year

Salary Range: $43,897 - $55,402

Technical Support

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

Turn Insight into Opportunity: Current Job Openings

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About Damen Carbide Tool: Company Profile

Website
www.damencarbide.com
Founded In
1948
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
WOOD DALE
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About DAMEN CARBIDE TOOL
DAMEN CARBIDE has been an industry leader in the design and manufacturing of solid carbide tools since 1948. DAMEN has since grown to meet and exceed the needs of many demanding applications in industries such as Food & Beverage, Aerospace & Defense, Oil & Gas, Medical and Automotive. DAMEN is an ISO 9001 certified manufacturer with extensive experience in engineering & manufacturing carbide, stee

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Damen Carbide Tool's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
It’s a good starting point, not a long-term goal. Overall, it's a company that values both product quality and people. Recognition programs boost morale, making it a rewarding place to work and grow professionally. Safety and quality are truly everyone's responsibility, not just management's.
What makes this manufacturing company special is its employee-first approach. Recognition programs celebrate successes, boosting morale. There are good systems in place for everything from safety to production, making the workflow smooth. This company fosters a culture of excellence without sacrificing a positive work environment. Expectations are clear, and there’s an emphasis on doing things rig...
Work environment is stable with typical benefits, though some employees find communication between departments inconsistent. Workplace culture is fine, but nothing especially stands out. Leadership offers general direction but little individualized support. Great place to build a long-term, stable manufacturing career. Overtime may be required during busy periods, leading to occasional fatigue.

Is Damen Carbide Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Damen Carbide Tool’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
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Average Salary ($/year)
Damen Carbide Tool
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Industry Comparison
Our data shows that, on average, compensation at Damen Carbide Tool is below the average for the U.S. MFG Durable industry by approximately 34%. This positioning suggests their pay is below the market average within their sector.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Damen Carbide Tool.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Damen Carbide Tool, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Damen Carbide Tool salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Damen Carbide Tool

FAQ 1: What is the average salary for employees at Damen Carbide Tool?
The average annual total compensation for employees at Damen Carbide Tool is approximately $80,912. However, this is an aggregate figure, actual salaries can range significantly, typically from $71,156 to $91,816, depending on factors like job role, experience, and location.
FAQ 2: What is the lowest salary at Damen Carbide Tool?
The lowest-paying job at Damen Carbide Tool is with a salary of per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.
FAQ 3: Does Damen Carbide Tool offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?
While some companies offer formal COLA, many, including potentially Damen Carbide Tool, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
FAQ 4: What's the typical process for salary reviews and raises at Damen Carbide Tool?
Most companies, likely including Damen Carbide Tool, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.