What benefits does Formby's provide?

Common benefits at Formby's include 401(k) matching, Health Insurance, Social Security, Pension and Paid Time Off, based on employee reports.

What industry is Formby's in?

Formby's operates in the Retail & Wholesale industry.

Formby's Average Salary, Pay Ranges & Benefits

Formby's Salary

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Salary at Formby's

Current Job Openings at Formby's

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Is Formby's’s Pay Competitive? Salary Benchmarking Analysis

How does Formby's'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
BDI Express	$117,631	+1.0%	Aligns perfectly with prevailing regional benchmarks for this specific job family.
NEWSPRING INDUSTRIAL Corp	$119,867	+2.9%	Suggests NEWSPRING INDUSTRIAL Corp utilizes a highly similar base-plus-benefits compensation model.
The Shelly Co	$114,277	-1.9%	Confirms The Shelly Co is a direct competitor vying for the exact same talent pool.
Sarnova Inc	$115,110	-1.2%	Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Retail & Wholesale Industry	$123,318	+5.9%	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 Formby's's Salaries Compare to Similar Companies?

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

BDI Express

$117,631 / year

Salary Range: $103,246 - $133,389

Cleveland, OH

NEWSPRING INDUSTRIAL Corp

$119,867 / year

Salary Range: $105,207 - $135,925

Lake Forest, IL

The Shelly Co

$114,277 / year

Salary Range: $100,304 - $129,597

Thornville, OH

Sarnova Inc

$115,110 / year

Salary Range: $101,028 - $130,536

Dublin, OH

Discount Drug Mart

$114,140 / year

Salary Range: $100,185 - $129,438

Medina, OH

Heinen's Inc

$114,762 / year

Salary Range: $100,726 - $130,146

Warrensville Heights, OH

Fujitec Co. Ltd

$114,910 / year

Salary Range: $100,863 - $130,316

Lebanon, OH

aka Brands Inc

$146,237 / year

Salary Range: $128,354 - $165,837

San Francisco, CA

Godiva Chocolatier Inc

$140,499 / year

Salary Range: $123,323 - $159,338

New York City, NY

Employee Reviews: Working at Formby's

Considering a career at Formby's? 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.

I appreciate the regular training sessions and career development programs. The work-life balance is respected, and flexible scheduling is available for many roles. Paychecks are always on time. I’ve been promoted twice since joining, showing the company’s commitment to growth.

Commented in February 06, 2025

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2

It’s a reliable place to work if you value consistency. Communication from upper management is consistent but could be more engaging. Overall, it’s a decent place to work. It’s a nice place to work with predictable growth patterns. Benefits, including health coverage and performance incentives, are excellent. The company provides excellent support for career development. Coworkers are friendly, an...

Commented in January 23, 2025

26

3

Reliable employer. The company follows industry standards, and shifts are predictable. A great place to grow in retail. There are regular training sessions, and career growth is encouraged.

Commented in March 07, 2024

10

2

What Benefits Does Formby's Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formby's 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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How Much Should You Be Earning?

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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 Formby's.

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 Formby's, 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 Formby's 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 Formby's

1. What is the estimated average total compensation at Formby's?

Salary.com estimates that the average total compensation package at Formby's, which can include base salary, potential bonuses, and benefits, is around $116,492 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Formby's pay compared to BDI Express?

The average annual salary at Formby's is $116,492, or an hourly wage of $56, in comparison to BDI Express which pays $117,631 per year or $57 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at Formby's?

Salary progression from an entry-level to a senior role at Formby's can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from Formby's in Cleveland is fair given the local cost of living?

To determine if a salary offer from Formby's in Cleveland is fair, first compare the gross salary to our data for similar roles at Formby's and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Cleveland" to understand its purchasing power.

5. Are promotions at Formby's usually accompanied by a significant salary increase?

Yes, promotions at Formby's are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.