FastenTech Inc Salary

FastenTech Inc Salary

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As of July 2026, the average hourly salary for employees at FastenTech Inc in the United States is $59. This translates to an approximate annual wage of $122,220. Salaries at FastenTech Inc typically range from $52 to $66 hourly, reflecting the diverse roles and experience levels within the company.
How accurate does the salary look to you?

Current Job Openings at FastenTech Inc

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

Is FastenTech Inc’s Pay Competitive? Salary Benchmarking Analysis

How does FastenTech 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
JAMF Software LLC $60
+2.8%
Suggests JAMF Software LLC utilizes a highly similar base-plus-benefits compensation model.
UForce $60
+2.4%
Indicates identical technical requirements and experience levels between the two firms.
Arctic Wolf Networks Inc $59
0.0%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Medalyst Corp $58
-0.5%
Confirms Medalyst Corp is a direct competitor vying for the exact same talent pool.
Software & Networking Industry $61
+3.8%
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.

Companies Similar to FastenTech Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at FastenTech Inc

Considering a career at FastenTech 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.
The benefits are strong, and coworkers are helpful. I’ve enjoyed my time here—the company values employee input, and there’s a strong sense of teamwork. The benefits are on par with competitors. I’ve had a great experience working here. The company culture is inclusive, and there are regular team-building activities.
Commented in May 30, 2025
47
0
While not extraordinary, it’s a steady job in the retail sector. The pay is good, and advancement opportunities are available for those who seek them. Competitive pay, strong benefits, and a culture of recognition. The team is supportive, and management recognizes hard work. The company operates efficiently in the wholesale and retail space, with well-defined processes. Felt welcomed immediately. ...
Commented in November 12, 2024
30
3
The company also values diversity and inclusion, making it a welcoming workplace. The retail environment is structured, and supervisors are approachable. Compensation is fair, and there are clear pathways for advancement.
Commented in February 09, 2024
10
1

FastenTech Inc Overview

Website
www.fastentech.com
Founded In
2000
Employees
1,000 - 3,000 employees
Industry
Software & Networking
Headquarter Address
8500 Normandale Lake Blvd Minneapolis Minnesota MN 55437
Revenue
$200 Million - $500 Million
Phone Number
+1 9529212090
Social Media
About FastenTech Inc
FastenTech, Inc., headquartered in Minneapolis, Minnesota, is a leading manufacturer and marketer of highly engineered specialty components that support critical applications in a broad range of end-markets, including the power generation, industrial, military, construction, medium- heavy duty truck, recreational and automotive/ light truck markets.

What Benefits Does FastenTech Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. FastenTech 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)
Work at FastenTech Inc?
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at FastenTech Inc.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from FastenTech Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of FastenTech Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of FastenTech Inc

1. What is the estimated average total compensation at FastenTech Inc?

Salary.com estimates that the average total compensation package at FastenTech Inc, which can include base salary, potential bonuses, and benefits, is around $59 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does FastenTech Inc pay compared to JAMF Software LLC?

The average annual salary at FastenTech Inc is $122,220, or an hourly wage of $59, in comparison to JAMF Software LLC which pays $125,616 per year or $60 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at FastenTech Inc?

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

4. How can I determine if a salary offer from FastenTech Inc in Minneapolis is fair given the local cost of living?

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

5. Are promotions at FastenTech Inc usually accompanied by a significant salary increase?

Yes, promotions at FastenTech Inc 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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