Manager, Research & Development Salary at Formula Boats South Inc BETA

How much does a Formula Boats South Inc Manager, Research & Development make?

As of January 2025, the average annual salary for a Manager, Research & Development at Formula Boats South Inc is $115,742, which translates to approximately $56 per hour. Salaries for Manager, Research & Development at Formula Boats South Inc typically range from $97,560 to $131,097, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Formula Boats South Inc Overview

Website:
formulaboats.com
Size:
200 - 500 Employees
Revenue:
$50M - $200M
Industry:
Retail & Wholesale

Headquartered in Decatur, Indiana, Formula Boats produces fiberglass powerboats of many different model types.

See similar companies related to Formula Boats South Inc

What Skills Does a person Need at Formula Boats South Inc?

At Formula Boats South Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Product Management: Product management is an organisational lifecycle function within a company dealing with the planning, forecasting, and production, or marketing of a product or products at all stages of the product lifecycle. Similarly, product lifecycle management (PLM) integrates people, data, processes and business systems. It provides product information for companies and their extended supply chain enterprise. The role may consist of product development and product marketing, which are different (yet complementary) efforts, with the objective of maximizing sales revenues, market share, and profit margins. Product management also involves elimination decisions. Product elimination begins with the identification of elimination candidates, proceeds with the consideration of remedial actions, continues with a projection of the impact on the business as a whole if a candidate product is eventually eliminated, and concludes with the implementation stage, where management determines the elimination strategy for an item. The product manager is often responsible for analyzing market conditions and defining features or functions of a product and for overseeing the production of the product. The role of product management spans many activities from strategic to tactical and varies based on the organizational structure of the company. To maximize the impact and benefits to an organization, Product management must be an independent function separate on its own.
  2. Agile: Agile is a development process where feedback is continuously gathered from users to create the best user experience.
  3. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  4. Product Development: Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.
  5. Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.

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Check more jobs information at Formula Boats South Inc

Job Title Average Formula Boats South Inc Salary Hourly Rate
2 Office Coordinator $47,244 $23
3 Parts Manager $77,857 $37
4 President $748,738 $360
5 Sales Manager $117,710 $57
6 Sales Representative $90,549 $44
7 Senior Buyer $80,897 $39
8 Warranty Specialist $47,483 $23
9 Captain $141,655 $68
10 Chief Financial Officer $390,359 $188
11 Customer Service $38,593 $19
12 Dean $141,943 $68
13 HR Coordinator $67,761 $33

Hourly Pay at Formula Boats South Inc

The average hourly pay at Formula Boats South Inc for a Manager, Research & Development is $56 per hour. The location, department, and job description all have an impact on the typical compensation for Formula Boats South Inc positions. The pay range and total remuneration for the job title are shown in the table below. Formula Boats South Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $115,742 look to you?

FAQ about Salary and Jobs at Formula Boats South Inc

1. How much does Formula Boats South Inc pay per hour?
The average hourly pay is $56. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Formula Boats South Inc?
According to the data, the highest approximate salary is about $131,097 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Formula Boats South Inc?
According to the data, the lowest estimated salary is about $97,560 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.