Formerra Salary

Formerra Salary

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As of April 2026, the average annual salary for employees at Formerra in the United States is $90,649. This translates to an approximate hourly wage of $44. Salaries at Formerra typically range from $79,677 to $102,563 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Formerra

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

Is Formerra’s Pay Competitive? Salary Benchmarking Analysis

How does Formerra'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
Intero $95,438
+5.3%
Supported by Intero's high-margin contracts allowing higher overhead.
Platton $95,892
+5.8%
Adjusted for higher cost-of-living indices in Platton's primary metro hubs.
Infi $94,499
+4.2%
Data suggests Infi's workforce skews heavily towards veteran, high-tenure roles.
Captain Al's Charter Boat Fleet $92,854
+2.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Business Services Industry $120,931
+33.4%
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 Formerra's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Formerra

Considering a career at Formerra? 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.
Encouraging leadership and inclusive space. The opportunity to work on diverse and challenging financial projects means I'm constantly learning and expanding my skillset. Work-life balance is genuinely respected. Innovation encouraged and leadership listens.
Commented in May 20, 2025
46
0
Employees receive average benefits, with limited flexibility in customizing plans. We celebrate successes together, and there's a strong emphasis on mutual respect. Projects are consistent, and it is very challenging or diverse. Training was sufficient, and tasks are straightforward. Leadership is solid but distant. The working environment is respectful and encourages knowledge sharing.
Commented in October 01, 2024
20
0
Training is top-notch, and career growth is encouraged across departments. While all were professional, the lack of continuity meant repeatedly explaining our needs. The work environment is positive and respectful, with strong collaboration and communication.
Commented in March 24, 2024
33
0

Formerra Overview

Website
www.formerra.com
Founded In
2022
Employees
<25 employees
Industry
Business Services
Headquarter Address
1250 Windham Pkwy Romeoville Illinois IL 60446
Revenue
<$5 Million
Phone Number
+1 8888954539
Social Media
About Formerra
Formerra is a preeminent distributor of engineered materials, connecting the worlds leading polymer producers with a blue-chip customer base across healthcare, consumer, industrial and mobility markets. Powered by technical and commercial expertise, Formerra brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading ecommerce capabilities, and

What Benefits Does Formerra Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formerra 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Formerra.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Formerra, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Formerra salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formerra

1. What is the estimated average total compensation at Formerra?

Salary.com estimates that the average total compensation package at Formerra, which can include base salary, potential bonuses, and benefits, is around $90,649 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Formerra pay compared to Intero?

The average annual salary at Formerra is $90,649, or an hourly wage of $44, in comparison to Intero which pays $95,438 per year or $46 per hour.

3. Do salaries differ significantly between departments at Formerra?

Yes, salaries often differ between departments at Formerra 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Formerra?

Salary progression from an entry-level to a senior role at Formerra 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.

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

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

6. Are promotions at Formerra usually accompanied by a significant salary increase?

Yes, promotions at Formerra 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.

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