Formula Systems Salary

Formula Systems Salary

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As of July 2026, the average hourly salary for employees at Formula Systems in the United States is $55. This translates to an approximate annual wage of $113,465. Salaries at Formula Systems typically range from $48 to $62 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Formula Systems

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

Is Formula Systems’s Pay Competitive? Salary Benchmarking Analysis

How does Formula Systems'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
DRPU Software Pvt Ltd $60
+10.4%
Data suggests DRPU Software Pvt Ltd's workforce skews heavily towards veteran, high-tenure roles.
Zensoft IO Inc $60
+9.3%
Adjusted for higher cost-of-living indices in Zensoft IO Inc's primary metro hubs.
YouNet SI Inc $55
+0.2%
Confirms YouNet SI Inc is a direct competitor vying for the exact same talent pool.
Deftsoft Inc $60
+10.6%
Driven by niche technical certifications required for Deftsoft Inc's specialized projects.
Software & Networking Industry $61
+11.8%
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 Systems and Their Hourly Pay Rates

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

Employee Reviews: Working at Formula Systems

Considering a career at Formula Systems? 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.
Overall, it’s a great place to build a long-term career with a team that feels like family. The company invests in employee development, offering regular training and promotions. The job is steady, and the company follows fair policies. I’ve grown professionally since joining and enjoy the positive atmosphere.
Commented in May 30, 2025
40
3
The company maintains a professional work setting. The benefits package is impressive, and the company truly cares about its employees. The work culture is inclusive, and leadership is transparent. The workplace is efficient, and tasks are well-distributed. Relaxed dress code and modern workspace. The day-to-day operations run smoothly, and expectations are clear. Overall, I’d highly recommend thi...
Commented in January 14, 2025
13
1
Company cares about staff. The employee discount is generous, and the team atmosphere is positive. Managers listen to feedback and act on it. Management is approachable, and there are plenty of growth opportunities.
Commented in January 31, 2024
9
3

Formula Systems Overview

Website
www.hokvenue.com
Founded In
Data pending, update soon.
Employees
100 - 200 employees
Industry
Software & Networking
Headquarter Address
24422 Avenida De La Carlota Laguna Hills California CA 92653
Revenue
$10 Million - $50 Million
Phone Number
+1 9492501718
Social Media
About Formula Systems
Formula Systems is a company that operates in the Information Technology and Services industry. It employs 101-250 people and has $25M-$50M of revenue. The company is headquartered in Laguna Hills, California.

What Benefits Does Formula Systems Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formula Systems 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 Irvine?

Understanding the cost of living near Irvine is key to truly evaluating a salary offer or your current compensation at Formula Systems.
Irvine's Cost of Living Index is approximately 186.9 (86.9% more expensive than US average; 33.7% more than CA average). Very affluent Orange County city, extremely high housing costs, excellent schools, and high quality of life drive up all expenses. When planning your budget based on a salary from Formula Systems, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,700 - $4,000+ A significant portion of Formula Systems salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation $69 (OCTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $480 - $720 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,329 - $6,699+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Formula Systems

1. How much does a Formula Systems employee make?

Formula Systems pays its employees an average of $55 per hour. The average salary at Formula Systems range from $48 to $62 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 Systems?

The salary at Formula Systems is lesser than the similar company. The average annual salary at Formula Systems is $113,465, or an hourly wage of $55, in comparison to DRPU Software Pvt Ltd which pays $125,257 per year or $60 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Formula Systems?

In many roles at Formula Systems, 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.

4. How does the cost of living near Irvine affect the perceived value of a Formula Systems salary?

Irvine's Cost of Living Index is approximately 186.9 (86.9% more expensive than US average; 33.7% more than CA average). This significantly impacts the purchasing power of a salary from Formula Systems based there. Our "Cost of Living Insights for Irvine" module details this impact, helping you assess the 'real feel' value of your compensation.

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

Formula Systems 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 Systems" section on this page.

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