Formula Engineering Inc Salary

Formula Engineering Inc Salary

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As of August 2026, the average hourly salary for employees at Formula Engineering Inc in the United States is $47. This translates to an approximate annual wage of $97,991. Salaries at Formula Engineering Inc typically range from $41 to $53 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Formula Engineering Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Formula Engineering Inc. Based on our data, the highest paying job is the Chief Executive Officer, with an hourly wage of $365. The table below outlines the hourly wage ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Formula Engineering Inc

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

Is Formula Engineering Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Engineering 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
IK Retail Group $52
+10.9%
Reflects a supply-demand imbalance for the specific talent IK Retail Group targets.
Raven + Lily $47
-1.2%
Suggests Raven + Lily utilizes a highly similar base-plus-benefits compensation model.
ALPA COMP INTERNATIONAL Inc $49
+4.0%
Supported by ALPA COMP INTERNATIONAL Inc's high-margin contracts allowing higher overhead.
Vanilla Sky $57
+20.7%
Reflects structural premiums typical of Vanilla Sky's large-cap national operations.
Retail & Wholesale Industry $60
+25.8%
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 Formula Engineering Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Formula Engineering Inc

Considering a career at Formula Engineering 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 teamwork here is fantastic—everyone supports each other. Great company with a strong focus on employee development. I’ve grown a lot since joining this company. I’ve had a great experience and appreciate the opportunities here. Consistent schedule, reliable pay. The company maintains a professional work setting. The company has a great culture and values teamwork. The work is consistent, and t...
Commented in April 02, 2025
19
3
The company also supports continuous learning, which is invaluable. The retail discounts are generous, and the performance-based rewards keep me motivated. The company values employee feedback, which I appreciate. The work is engaging, and the team is talented.
Commented in March 15, 2025
33
1
Regular training sessions provided. The management team is approachable and encourages open communication. It’s a solid workplace for retail professionals. The office environment is modern and comfortable, enhancing daily productivity.
Commented in February 15, 2025
22
0
Management listens to feedback, and there are plenty of growth opportunities. It’s a reliable retail job. The company offers great growth opportunities, and the team culture is very collaborative.
Commented in February 04, 2025
23
0
Fast-paced but fun. The break policy is flexible, and the team is easy to work with. There’s room for advancement if you’re willing to work hard.
Commented in February 01, 2024
32
1

Formula Engineering Inc Overview

Website
www.formulahubs.com
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Retail & Wholesale
Headquarter Location
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About Formula Engineering Inc
Formula Engineering Inc is a company that operates in the Sporting Goods industry. It employs 51-100 people and has $10M-$25M of revenue. The company is headquartered in the United States.

What Benefits Does Formula Engineering Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formula Engineering 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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FAQs of Formula Engineering Inc

1. How much does a Formula Engineering Inc employee make?

Formula Engineering Inc pays its employees an average of $47 per hour. The average salary at Formula Engineering Inc range from $41 to $53 per hour. 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. Which similar company tend to pay more or less than Formula Engineering Inc?

The salary at Formula Engineering Inc is lesser than the similar company. The average annual salary at Formula Engineering Inc is $97,991, or an hourly wage of $47, in comparison to IK Retail Group which pays $108,665 per year or $52 per hour.

3. How much does a Chief Executive Officer typically earn at Formula Engineering Inc?

A Chief Executive Officer at Formula Engineering Inc typically earns an average hourly base salary of around $365, with a general range of $279 to $460.

4. Do employees with advanced degrees (Master's, PhD) earn more at Formula Engineering Inc?

In many roles at Formula Engineering Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. What kind of benefits does Formula Engineering Inc typically offer employees?

Formula Engineering Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Formula Engineering Inc" section on this page.

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