Formatec Tooling Systems Inc Salary
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Current Job Openings at Formatec Tooling Systems Inc
Is Formatec Tooling Systems Inc’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Crowley Petroleum Services Inc | $94,964 |
+3.7%
|
Adjusted for higher cost-of-living indices in Crowley Petroleum Services Inc's primary metro hubs. |
| Norwood Hardware | $93,181 |
+1.8%
|
Indicates identical technical requirements and experience levels between the two firms. |
| TOOFast Supply | $89,183 |
-2.6%
|
Suggests TOOFast Supply utilizes a highly similar base-plus-benefits compensation model. |
| Commercial Door & Hardware Inc | $83,603 |
-8.7%
|
Commercial Door & Hardware Inc may offer non-monetary perks in lieu of competitive base salaries. |
| Retail & Wholesale Industry | $123,318 |
+34.7%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Formatec Tooling Systems Inc's Salaries Compare to Similar Companies?
Crowley Petroleum Services Inc
$94,964 / year
Salary Range: $83,489 - $107,453
Atlanta, GA
Norwood Hardware
$93,181 / year
Salary Range: $81,922 - $105,441
Cincinnati, OH
TOOFast Supply
$89,183 / year
Salary Range: $78,412 - $100,905
Columbus, NE
Commercial Door & Hardware Inc
$83,603 / year
Salary Range: $73,501 - $94,588
Paducah, KY
Mill Supplies Inc
$89,521 / year
Salary Range: $78,706 - $101,295
Fort Wayne, IN
CBS Fasteners Inc
$103,613 / year
Salary Range: $91,104 - $117,220
Anaheim, CA
Brannen's Inc
$93,381 / year
Salary Range: $82,096 - $105,636
Austin, TX
Colorado Fasteners Inc
$94,225 / year
Salary Range: $82,847 - $106,599
Edwards, CO
Apple Fasteners Inc
$89,721 / year
Salary Range: $78,880 - $101,490
Camp Hill, PA
Employee Reviews: Working at Formatec Tooling Systems Inc
Formatec Tooling Systems Inc Overview
What Benefits Does Formatec Tooling Systems Inc Offer Beyond Salary?
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What Is the Cost of Living Near Dayton?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $700 - $1,050+ | A significant portion of Formatec Tooling Systems Inc salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $240 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $55 (RTA monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $360 - $530 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $300 - $580+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $350 - $640+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $1,915 - $3,045+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Formatec Tooling Systems Inc
1. How much does Formatec Tooling Systems Inc in the United States pay?
Formatec Tooling Systems Inc pays its employees an average of $91,546 per year. The average salary at Formatec Tooling Systems Inc range from $80,492 to $103,587 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. Do Formatec Tooling Systems Inc employees get a higher salary than its peer company?
The salary at Formatec Tooling Systems Inc is lesser than its peer company. The average annual salary at Formatec Tooling Systems Inc is $91,546, or an hourly wage of $44, in comparison to Crowley Petroleum Services Inc which pays $94,964 per year or $46 per hour.
3. How much does salary increase with years of experience at Formatec Tooling Systems Inc?
Salary progression with years of experience at Formatec Tooling Systems Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.
4. Do salaries at Formatec Tooling Systems Inc vary by office location?
Yes, it's very likely that salaries at Formatec Tooling Systems Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Dayton section provides more context.
5. Does Formatec Tooling Systems Inc offer good benefits?
Formatec Tooling Systems Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Formatec Tooling Systems Inc" section on this page.
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