Formasters Corp Salary

Formasters Corp Salary

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As of April 2026, the average annual salary for employees at Formasters Corp in the United States is $84,500. This translates to an approximate hourly wage of $41. Salaries at Formasters Corp typically range from $74,426 to $95,356 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Formasters Corp Pay for Different Roles?

Explore detailed salary information for specific jobs at Formasters Corp. Based on our data, the highest paying job is the Head Engineer, with an annual salary of $124,413. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Formasters Corp

Ready for your next career move? Explore current job openings at Formasters Corp. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Formasters Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Formasters Corp'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
KE Fibertec NA Inc $91,367
+8.1%
Influenced by prevailing union wage agreements specific to KE Fibertec NA Inc's sector.
Eurocoating SpA $91,409
+8.2%
Supported by Eurocoating SpA's high-margin contracts allowing higher overhead.
OEL Worldwide Industries $85,755
+1.5%
Suggests OEL Worldwide Industries utilizes a highly similar base-plus-benefits compensation model.
Crystal Diagnostics Ltd $88,107
+4.3%
Reflects structural premiums typical of Crystal Diagnostics Ltd's large-cap national operations.
MFG Durable Industry $121,746
+44.1%
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 Formasters Corp's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Formasters Corp

Considering a career at Formasters Corp? 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.
From planning to production, operations are efficient and well-coordinated. Clean facility, modern equipment, and safe practices. The workplace culture is formal and professional but sometimes lacks flexibility and agility. Some may find the lack of engagement frustrating.
Commented in March 20, 2025
26
0
Employees here appreciate the company’s commitment to continuous improvement and innovation in manufacturing processes. We know we’re making essential products, and the company culture reinforces the importance of our contributions. I’ve had great mentors here who’ve guided me through challenges. The work culture is formal and professional but can feel inflexible or bureaucratic at times. Manageme...
Commented in July 16, 2024
26
3
The company maintains reasonable benefits and stable work but offers limited growth opportunities. The shift schedule is consistent but rigid. Supervisors are approachable, and new ideas are always welcomed during team meetings or project updates. They skillfully manage a colossal operation maintaining clear strategic goals and a strong company culture.
Commented in February 29, 2024
37
3

Formasters Corp Overview

Website
www.formasters.com
Founded In
1984
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
5959 Pinecone Dr Mentor Ohio OH 44060
Revenue
<$5 Million
Phone Number
+1 4406399206
Social Media
About Formasters Corp
Founded in 1993 in Mentor Ohio, a suburb of Cleveland Ohio, Formasters specializes in CNC Machining and water jet cutting services. Formasters is an industry leader in roll forming, roll formed steel, tool and die, and stamping processes. Our engineers use the latest CAD/CAM software to design products to exact specifications. Our Coordinate measuring machines the physical geometrical characterist

What Benefits Does Formasters Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formasters Corp 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)
Work at Formasters Corp?
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What Is the Cost of Living Near Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Formasters Corp.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Formasters Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Formasters Corp salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formasters Corp

1. What is the average salary for employees at Formasters Corp?

The average annual total compensation for employees at Formasters Corp is approximately $84,500. However, this is an aggregate figure, actual salaries can range significantly, typically from $74,426 to $95,356, depending on factors like job role, experience, and location.

2. How much does Formasters Corp pay compared to KE Fibertec NA Inc?

The average annual salary at Formasters Corp is $84,500, or an hourly wage of $41, in comparison to KE Fibertec NA Inc which pays $91,367 per year or $44 per hour.

3. What is the lowest salary at Formasters Corp?

The lowest-paying job at Formasters Corp is a Machine Operator with a salary of $30,778 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.

4. How does having a professional certification impact salary for relevant roles at Formasters Corp?

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 Formasters Corp for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Formasters Corp offer cost-of-living adjustments (COLA) for employees in high-cost areas like Cleveland?

While some companies offer formal COLA, many, including potentially Formasters Corp, 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.

6. What's the typical process for salary reviews and raises at Formasters Corp?

Most companies, likely including Formasters Corp, 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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