Fostermation Inc Salary

Fostermation Inc Salary

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As of April 2026, the average annual salary for employees at Fostermation Inc in the United States is $81,831. This translates to an approximate hourly wage of $39. Salaries at Fostermation Inc typically range from $72,080 to $92,344 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Fostermation Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Fostermation Inc. Based on our data, the highest paying job is the President, with an annual salary of $633,447. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Fostermation Inc

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

Is Fostermation Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Fostermation Inc'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
International Component Technology $98,096
+19.9%
Influenced by prevailing union wage agreements specific to International Component Technology's sector.
Phoenix Induction Corp $91,441
+11.7%
Reflects structural premiums typical of Phoenix Induction Corp's large-cap national operations.
SilvaCo Optics Inc $109,161
+33.4%
Driven by niche technical certifications required for SilvaCo Optics Inc's specialized projects.
Alta Design & Manufacturing Inc $110,300
+34.8%
Data suggests Alta Design & Manufacturing Inc's workforce skews heavily towards veteran, high-tenure roles.
MFG Durable Industry $121,746
+48.8%
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 Fostermation Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Fostermation Inc

Considering a career at Fostermation Inc? 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.
Safety is emphasized, but innovation seems limited. Management values employee input and actively supports training and professional growth initiatives. Strong safety culture and training. My experience has been relatively uneventful. Flexibility in shifts depends on management, leading to mixed experiences.
Commented in May 11, 2025
43
2
Excellent teamwork and communication across shifts. Leadership provides clear direction, and coworkers make each shift enjoyable. Management maintains an open-door policy and genuinely values production workers' expertise. Safety is prioritized but sometimes inconsistently enforced. Clear communication streamlines operations effectively. I’ve had nothing but good experiences working here. Coworker...
Commented in April 23, 2025
12
1
The work environment is safe, clean, and well-organized, contributing to overall job satisfaction and productivity for everyone on the team. It’s a stable and enjoyable place to work. Employees enjoy flexible shift arrangements that help maintain a balanced lifestyle.
Commented in January 05, 2024
48
1

Fostermation Inc Overview

Website
www.fostermation.com
Founded In
1971
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
200 Valleyview Dr Meadville Pennsylvania PA 16335
Revenue
<$5 Million
Phone Number
+1 8143366211
Social Media
About Fostermation Inc
Founded in 1971, Fostermation, Inc. has long been a primary producer of precision wire component products manufactured to customer specifications. Fostermation, Inc. continues to achieve its goal of becoming your precision wire component supplier.

What Benefits Does Fostermation Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Fostermation Inc 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 Erie?

Understanding the cost of living near Erie is key to truly evaluating a salary offer or your current compensation at Fostermation Inc.
Erie's Cost of Living Index is approximately 79.2 (20.8% less expensive than US average; 18.4% less than PA average). Lake Erie city, very affordable housing. EMTA bus. When planning your budget based on a salary from Fostermation Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $750 - $1,100+ A significant portion of Fostermation Inc salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $42 (EMTA 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 $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $650+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,982 - $3,162+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Fostermation Inc

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

The typical annual salary range for most roles at Fostermation Inc is approximately from $72,080 to $92,344. 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 Fostermation Inc pay compared to International Component Technology?

The average annual salary at Fostermation Inc is $81,831, or an hourly wage of $39, in comparison to International Component Technology which pays $98,096 per year or $47 per hour.

3. Do salaries differ significantly between departments at Fostermation Inc?

Yes, salaries often differ between departments at Fostermation Inc 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 Fostermation Inc?

Experience level is a significant factor in determining salary at Fostermation Inc, 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 Fostermation Inc in Erie is fair given the local cost of living?

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

6. Are the salaries listed for Fostermation Inc on Salary.com pre-tax or after-tax?

All salary figures displayed for Fostermation Inc, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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