Salary AI Book a Demo
Hanover Tool Salary

Hanover Tool Salary

Salaries

Job Openings

Overview

Reviews

Similar Company

FAQ

Recommended HR Topics
Compensation Planning Hot Insights on Your Competitors' PayNew Global Market Data New Develop a Job Description Pay Equlity Benefits Consulting
As of August 2026, the average annual salary for employees at Hanover Tool in the United States is $69,486. This translates to an approximate hourly wage of $33. Salaries at Hanover Tool typically range from $61,047 to $79,060 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Hanover Tool Pay for Different Roles?

Explore detailed salary information for specific jobs at Hanover Tool. Based on our data, the highest paying job is the Compliance Specialist, with an annual salary of $162,882. The table below outlines the annual salary ranges for most popular roles within the company.

Account Support Representative

$56,189 / year

Salary Range: $49,283 - $63,117

Sales

Account Support Representative (Inside Sales)

$75,043 / year

Salary Range: $64,123 - $86,244

Technical Sales

Associate Account Consultant

$58,086 / year

Salary Range: $51,900 - $65,575

Procurement/Purchasing

Business Development Associate

$84,781 / year

Salary Range: $74,710 - $96,460

Business Development

Industrial Measurement Technician - Field Service

$68,296 / year

Salary Range: $59,125 - $79,233

Resident Care

Inside Sales Representative

$57,569 / year

Salary Range: $48,688 - $67,279

Sales

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Hanover Tool.
Loading results...

About Hanover Tool: Company Profile

Website
www.hanovertool.com
Founded In
1993
Employees
100 - 200 employees
Industry
Retail & Wholesale
Headquarter Location
ASHLAND
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About HANOVER TOOL
We are a family-owned and operated business located in Ashland. We began selling tools in 1984. Since then, with the help of other tool sales professionals, we expanded our business throughout the country. In 1993, we established Hanover Tool, which also serves as a retail storefront. In the summer of 2010, we moved for the third time in our new facility. We have 14,000 square feet, choke full of

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Hanover Tool's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
The retail staff is friendly, and management is responsive to concerns. I’ve been with this company for over two years, and it’s been a fantastic journey. One of the best aspects of this company is its focus on employee development. The training programs are excellent, and leadership is supportive. This company excels in fostering a supportive and dynamic workplace. Nothing extraordinary, but a so...
Commented in March 06, 2025
9
1
The workplace is well-organized, and expectations are reasonable. The wholesale division is well-organized, and managers are attentive. From day one, I felt welcomed and supported. The work environment is professional, and expectations are clear.
Commented in February 23, 2025
25
2
The office environment is clean and organized. Workload is consistent, and colleagues are professional. I appreciate the open communication from leadership. A forward-thinking retail employer. The onboarding process was smooth, and I felt welcomed from day one.
Commented in May 21, 2024
25
2
A progressive retail employer. Colleagues are professional, and the schedule flexibility is helpful. Employees are treated with respect, and there’s a strong sense of teamwork. The management team is supportive, and the benefits are better than most retail jobs. The benefits here are competitive, and the team is collaborative.
Commented in January 12, 2024
35
2

How Hanover Tool's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Hanover Tool’s pay competitiveness. Click on a company for a deeper dive.

Is Hanover Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Hanover Tool'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
HAWKCHRYSLERDODGEJEEP $74,863
+7.7%
Driven by niche technical certifications required for HAWKCHRYSLERDODGEJEEP's specialized projects.
HALLBERG AUTO & SALES $70,999
+2.2%
Indicates identical technical requirements and experience levels between the two firms.
HAMPTON TOYOTA $64,204
-7.6%
HAMPTON TOYOTA likely leverages performance bonuses over the high base salary shown here.
HENDRICK LEXUS $69,350
-0.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Retail & Wholesale Industry $123,318
+77.5%
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.

What Is the Cost of Living Near Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Hanover Tool.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Hanover Tool, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Hanover Tool salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Hanover Tool

FAQ 1: What is the typical salary range (low to high) for most roles at Hanover Tool?
The typical annual salary range for most roles at Hanover Tool is approximately from $61,047 to $79,060. 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.
FAQ 2: How much does Hanover Tool pay compared to HAWKCHRYSLERDODGEJEEP?
The average annual salary at Hanover Tool is $69,486, or an hourly wage of $33, in comparison to HAWKCHRYSLERDODGEJEEP which pays $74,863 per year or $36 per hour.
FAQ 3: How does experience level affect salary at Hanover Tool?
Experience level is a significant factor in determining salary at Hanover Tool, 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.
FAQ 4: How can I determine if a salary offer from Hanover Tool in Richmond is fair given the local cost of living?
To determine if a salary offer from Hanover Tool in Richmond is fair, first compare the gross salary to our data for similar roles at Hanover Tool and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Richmond" to understand its purchasing power.
FAQ 5: Why might an individual's actual salary at Hanover Tool differ from the ranges shown here?
An individual's actual salary at Hanover Tool can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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