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Fomento Resources Group Salary

Fomento Resources Group Salary

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As of October 2026, the average annual salary for employees at Fomento Resources Group in the United States is $89,099. This translates to an approximate hourly wage of $43. Salaries at Fomento Resources Group typically range from $78,495 to $100,490 annually, reflecting the diverse roles and experience levels within the company.
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Is Fomento Resources Group’s Pay Competitive? Salary Benchmarking Analysis

How does Fomento Resources Group'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
Austin Chalk Petroleum Services Corp $87,021
-2.3%
Suggests Austin Chalk Petroleum Services Corp utilizes a highly similar base-plus-benefits compensation model.
AIC Water Primary Manufacturing $87,770
-1.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Zambian Mining News $96,409
+8.2%
Driven by niche technical certifications required for Zambian Mining News's specialized projects.
Estrella Gold Corp $91,156
+2.3%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Energy & Utilities Industry $130,148
+46.1%
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 Fomento Resources Group's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Fomento Resources Group

Considering a career at Fomento Resources Group? 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.
Leadership is approachable and values employee input, which creates a sense of ownership in our projects. Safety-first culture, proactive communication, and consistent expectations make this a great place to work. The role offers flexibility, that’s not unexpected in this industry. Safety-first culture with a strong performance record.
Commented in February 18, 2025
46
3
Not a bad job, and it is particularly exciting either. Management understands the importance of personal time and promotes a healthy working culture. Workload fluctuates with project demands and seasons. The firm prioritizes employee safety and environmental stewardship, ensuring compliance with strict regulations. The company culture is formal and professional but can feel inflexible or bureaucra...
Commented in August 10, 2024
36
3
Career progression exists but can be influenced by seniority. There’s strong mentorship, and the career path is transparent. The company also gives back to communities through volunteer programs. Recognition programs highlight employee contributions and achievements, creating a motivating and positive workplace for those passionate about the energy and utilities industry. The collaborative spirit ...
Commented in February 11, 2024
20
0

Fomento Resources Group Overview

Website
www.fomento.com
Founded In
1999
Employees
<25 employees
Industry
Energy & Utilities
Headquarter Address
3040 Overton Rd Birmingham Alabama AL 35223
Revenue
$5 Million - $10 Million
Phone Number
+91 8326658484
Social Media
About Fomento Resources Group
Fomento Resources is an alliance of companies in the mineral resource industry committed to the social and economic advancement of its communities and has been a key player of the Goan economy since 1957. The Alliance's activities include resource development (exploration, excavation, and mineral processing), logistics (surface and marine), and sales (international and domestic). The member compan

What Benefits Does Fomento Resources Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. Fomento Resources Group 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 Birmingham?

Understanding the cost of living near Birmingham is key to truly evaluating a salary offer or your current compensation at Fomento Resources Group.
Birmingham's Cost of Living Index is approximately 79.5 (20.5% less expensive than US average; 3.4% less than AL average). Primary driver is significantly lower housing costs. When planning your budget based on a salary from Fomento Resources Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of Fomento Resources Group salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 - $60 (MAX Transit Monthly Pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $300 - $600+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,040 - $3,460+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Fomento Resources Group

1. How much does a Fomento Resources Group employee make?

Fomento Resources Group pays its employees an average of $89,099 per year. The average salary at Fomento Resources Group range from $78,495 to $100,490 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Fomento Resources Group?

The salary at Fomento Resources Group is higher than the similar company. The average annual salary at Fomento Resources Group is $89,099, or an hourly wage of $43, in comparison to Austin Chalk Petroleum Services Corp which pays $87,021 per year or $42 per hour.

3. How much does a Medical Consultant typically earn at Fomento Resources Group?

A Medical Consultant at Fomento Resources Group typically earns an average annual base salary of around $200,812, with a general range of $177,458 to $230,658.

4. Do employees with advanced degrees (Master's, PhD) earn more at Fomento Resources Group?

In many roles at Fomento Resources Group, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Birmingham affect the perceived value of a Fomento Resources Group salary?

Birmingham's Cost of Living Index is approximately 79.5 (20.5% less expensive than US average; 3.4% less than AL average). This significantly impacts the purchasing power of a salary from Fomento Resources Group based there. Our "Cost of Living Insights for Birmingham" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Fomento Resources Group typically offer employees?

Fomento Resources Group generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Fomento Resources Group" section on this page.

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