Formech Salary

Formech Salary

Salaries

Job Openings

Similar Company

Reviews

Overview

FAQ

Recommended HR Topics
Global Market Data Hot Insights on Your Competitors' PayNew Compensation Planning Hot Develop a Job Description Pay Equlity Benefits Consulting
As of April 2026, the average annual salary for employees at Formech in the United States is $87,084. This translates to an approximate hourly wage of $42. Salaries at Formech typically range from $76,699 to $98,271 annually, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Current Job Openings at Formech

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

Is Formech’s Pay Competitive? Salary Benchmarking Analysis

How does Formech'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
Enlog LLC $107,737
+23.7%
Reflects a supply-demand imbalance for the specific talent Enlog LLC targets.
Renew Valve & Machine Co $89,215
+2.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Hannapel $85,629
-1.7%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Lach Diamond Inc $85,924
-1.3%
Confirms Lach Diamond Inc is a direct competitor vying for the exact same talent pool.
MFG Durable Industry $121,746
+39.8%
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 Formech's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Formech

Considering a career at Formech? 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.
It's motivating to be part of a team that manufactures products recognized globally for their reliability and innovation. The work itself is repetitive, but expectations are clear. I’ve really enjoyed being part of this company. It's a place where you feel like more than just a number. This makes you feel heard and valued.
Commented in April 28, 2025
36
3
Communication is adequate but could improve for better efficiency. Consistent performance, high-quality standards, and excellent team coordination make this company stand out. The attention to detail in our manufacturing processes is impressive, and there's a shared pride in the quality of our output. There’s a real sense of pride in our output. This company has cultivated an excellent work cultur...
Commented in February 23, 2025
24
3
Management encourages suggestions for improvement, and employees are empowered to make decisions. Facilities are modern and well-maintained, with the latest manufacturing technologies. This consideration makes a huge difference in overall job satisfaction and well-being, allowing for a healthy integration of work and life. It’s rare to find such a structured yet flexible environment. Training is c...
Commented in July 15, 2024
12
3

Formech Overview

Website
www.formech.com
Founded In
1982
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
8475 Murphy Dr Middleton Wisconsin WI 53562
Revenue
$5 Million - $10 Million
Phone Number
+1 3123964072
Social Media
About Formech
Formech is in the business of making and selling vacuum forming machines and other thermoforming equipment and we have been doing so successfully now for the past 30 years. We invite you to look over this website and we hope that you will discover that the Formech name is one to be trusted; that it stands for reliability, value for money, quality engineering and excellent friendly care and support

What Benefits Does Formech Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formech 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 Formech?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details
illustration

What Is the Cost of Living Near Madison?

Understanding the cost of living near Madison is key to truly evaluating a salary offer or your current compensation at Formech.
Madison's Cost of Living Index is approximately 100.8 (0.8% more expensive than US average; 6.3% more than WI average). State capital (Univ. of WI), desirable, housing costs near US avg. Metro Transit. When planning your budget based on a salary from Formech, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,700+ A significant portion of Formech salary. Location choices impact this heavily.
Utilities (Basic) $120 - $210 Electricity, Heating, Cooling, Water etc.
Public Transportation $65 (Metro monthly pass, free for UW) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,575 - $3,945+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formech

1. What is the typical salary range (low to high) for most roles at Formech?

The typical annual salary range for most roles at Formech is approximately from $76,699 to $98,271. 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. How much does Formech pay compared to Enlog LLC?

The average annual salary at Formech is $87,084, or an hourly wage of $42, in comparison to Enlog LLC which pays $107,737 per year or $52 per hour.

3. Do salaries differ significantly between departments at Formech?

Yes, salaries often differ between departments at Formech due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Formech?

Experience level is a significant factor in determining salary at Formech, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Formech in Madison is fair given the local cost of living?

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

6. What factors influence salary increases at Formech?

Salary increases at Formech are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning