Forming Technologies Inc Salary

Forming Technologies Inc Salary

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As of August 2026, the average hourly salary for employees at Forming Technologies Inc in the United States is $43. This translates to an approximate annual wage of $88,962. Salaries at Forming Technologies Inc typically range from $38 to $48 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Forming Technologies Inc

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Is Forming Technologies Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Forming Technologies 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
GLOV Enterprises LLC $46
+7.6%
Adjusted for higher cost-of-living indices in GLOV Enterprises LLC's primary metro hubs.
Redall Industries Inc $46
+7.3%
Reflects a supply-demand imbalance for the specific talent Redall Industries Inc targets.
Olicom Inc $46
+7.6%
Data suggests Olicom Inc's workforce skews heavily towards veteran, high-tenure roles.
Highlands Diversified Services Inc $42
-1.7%
Suggests Highlands Diversified Services Inc utilizes a highly similar base-plus-benefits compensation model.
MFG Durable Industry $59
+36.9%
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 Forming Technologies Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Forming Technologies Inc

Considering a career at Forming Technologies 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.
Leadership communicates transparently about company performance and market challenges. Modern machinery and technology improve daily operations, and flexible shift options support a healthy work-life balance. That’s great for consistency, but there’s little room for individual creativity or experimentation. operations run efficiently without feeling impersonal.
Commented in May 31, 2025
49
2
Safety is paramount here, and it shows in everything we do. The range of production processes means constant opportunities to expand technical knowledge. From onboarding to regular workdays, the process is smooth and well-organized. Work schedules are predictable, with flexibility when needed. My coworkers are nice, and supervisors are mostly hands-off unless needed. They combine a strong commitme...
Commented in November 07, 2024
35
1
Everyone understands their role and works toward common goals effectively and professionally. Training is sufficient but could be more comprehensive. This variety ensures that every one can find a niche and develop specialized skills. From good benefits to recognizing hard work, you feel like a valued team member, not just a number. Even when things get busy, the atmosphere remains positive and su...
Commented in August 27, 2024
45
2
They skillfully manage a colossal operation maintaining clear strategic goals and a strong company culture. I like the routine and structure of the day. The dedication to producing high-quality products is evident at every stage, from R&D to the assembly line.
Commented in January 15, 2024
11
2

Forming Technologies Inc Overview

Website
www.forming.com
Founded In
1989
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
1885 E Laketon Ave Muskegon Michigan MI 49442
Revenue
$10 Million - $50 Million
Phone Number
+1 2317777030
Social Media
About Forming Technologies Inc
Founded in 1989, Forming Technologies (FTI®) is the worlds leading provider of software solutions for the design, feasibility, and costing of sheet metal components. Founded in 1989, Forming Technologies (FTI®) is the worlds leading provider of software solutions for the design, feasibility, and costing of sheet metal components. Founded in 1989, Forming Technologies (FTI®) is the worlds leading p

What Benefits Does Forming Technologies Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Forming Technologies 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 Forming Technologies Inc?
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What Is the Cost of Living Near Muskegon?

Understanding the cost of living near Muskegon is key to truly evaluating a salary offer or your current compensation at Forming Technologies Inc.
Muskegon's Cost of Living Index is approximately 80.5 (19.5% less expensive than US average; 11.8% less than MI average). Lake Michigan coastal city, affordable housing. MATS bus. When planning your budget based on a salary from Forming Technologies 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 Forming Technologies Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $35 (MATS monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $360 - $540 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,945 - $3,105+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Forming Technologies Inc

1. What is the average salary for employees at Forming Technologies Inc?

The average total compensation for employees at Forming Technologies Inc is approximately $43 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $38 to $48 per hour, depending on factors like job role, experience, and location.

2. How much does Forming Technologies Inc pay compared to GLOV Enterprises LLC?

The average annual salary at Forming Technologies Inc is $88,962, or an hourly wage of $43, in comparison to GLOV Enterprises LLC which pays $95,765 per year or $46 per hour.

3. What is the lowest salary at Forming Technologies Inc?

The lowest-paying job at Forming Technologies Inc is a Manager, Accounting with a salary of $48 per hour. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Forming Technologies Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Forming Technologies Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Forming Technologies Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Muskegon?

While some companies offer formal COLA, many, including potentially Forming Technologies Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Forming Technologies Inc?

Most companies, likely including Forming Technologies Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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