Ferrotec Salary

Ferrotec Salary

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As of April 2026, the average annual salary for employees at Ferrotec in the United States is $121,777. This translates to an approximate hourly wage of $59. Salaries at Ferrotec typically range from $107,195 to $137,559 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Ferrotec

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Is Ferrotec’s Pay Competitive? Salary Benchmarking Analysis

How does Ferrotec's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Silicon Magic Corp $120,215
-1.3%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Daxtra Technologies Ltd $96,272
-20.9%
Reflects market rates for standard general contracting, differing from specialized roles.
Erisman Co. Inc $93,940
-22.9%
Erisman Co. Inc focuses strategically on recruiting and training entry-level apprentices.
Enguity Technology Corp $87,928
-27.8%
Enguity Technology Corp likely leverages performance bonuses over the high base salary shown here.
MFG Durable Industry $121,746
0.0%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Ferrotec's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Ferrotec. Click a company name to learn more.

Employee Reviews: Working at Ferrotec

Considering a career at Ferrotec? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
They also genuinely care about employee input, often implementing suggestions from the shop floor. The benefits package includes health insurance, retirement plans, and wellness initiatives. Management provides regular updates, though feedback is usually surface-level. Training is decent but basic.
Commented in May 29, 2025
48
3
It's a place where you feel respected and your contributions are genuinely appreciated by both peers and supervisors. It’s a decent place for steady but unremarkable work. The facilities are clean, well-organized and equipped with advanced automation.
Commented in January 14, 2025
36
3
The operations are efficient, and innovation is welcomed at all levels. Communication from management is formal but sometimes lacks transparency. Benefits are robust, including health insurance, paid time off, and retirement plans. It's a strong, dependable environment for anyone interested in stable, hands-on manufacturing work with growth opportunities. Leadership communicates clearly about comp...
Commented in September 11, 2024
37
3
New ideas are welcomed by leadership. Most employees perform well, but turnover in some roles disrupts consistency. Communication between teams is transparent, schedules are realistic, and leadership adapts quickly. They clearly invest in maintaining a good workspace, which reflects their respect for the employees and the work we do.
Commented in April 01, 2024
12
3

Ferrotec Overview

Website
www.ferrotec-global.com
Founded In
Data pending, update soon.
Employees
100 - 200 employees
Industry
MFG Durable
Headquarter Address
3945 Freedom Cir Santa Clara California CA 95054
Revenue
$10 Million - $50 Million
Phone Number
+1 4082357618
Social Media
About Ferrotec
Ferrotec is a company that operates in the Computer Hardware industry. It employs 101-250 people and has $10M-$25M of revenue. The company is headquartered in Santa Clara, California.

What Benefits Does Ferrotec Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ferrotec offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Santa Clara?

Understanding the cost of living near Santa Clara is key to truly evaluating a salary offer or your current compensation at Ferrotec.
Santa Clara's Cost of Living Index is approximately 225.3 (125.3% more expensive than US average; 61.2% more than CA average). Heart of Silicon Valley, astronomical housing costs driven by tech industry, extremely high overall expenses. When planning your budget based on a salary from Ferrotec, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,900 - $4,600+ A significant portion of Ferrotec salary. Location choices impact this heavily.
Utilities (Basic) $180 - $300 Electricity, Heating, Cooling, Water etc.
Public Transportation $80 (VTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $520 - $820 Can be higher with more dining out or specialty stores.
Personal & Leisure $600 - $1,200+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,700 - $7,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ferrotec

1. What is the average salary for employees at Ferrotec?

The average annual total compensation for employees at Ferrotec is approximately $121,777. However, this is an aggregate figure, actual salaries can range significantly, typically from $107,195 to $137,559, depending on factors like job role, experience, and location.

2. How much does Ferrotec pay compared to Silicon Magic Corp?

The average annual salary at Ferrotec is $121,777, or an hourly wage of $59, in comparison to Silicon Magic Corp which pays $120,215 per year or $58 per hour.

3. How does having a professional certification impact salary for relevant roles at Ferrotec?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Ferrotec for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Ferrotec offer cost-of-living adjustments (COLA) for employees in high-cost areas like Santa Clara?

While some companies offer formal COLA, many, including potentially Ferrotec, 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.

5. What's the typical process for salary reviews and raises at Ferrotec?

Most companies, likely including Ferrotec, 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.

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