Hankscraft Inc Salary

Hankscraft Inc Salary

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As of August 2026, the average hourly salary for employees at Hankscraft Inc in the United States is $47. This translates to an approximate annual wage of $98,571. Salaries at Hankscraft Inc typically range from $42 to $54 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Hankscraft Inc

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Is Hankscraft Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Hankscraft 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
Gdi $49
+3.4%
Supported by Gdi's high-margin contracts allowing higher overhead.
Pitco $51
+8.4%
Reflects structural premiums typical of Pitco's large-cap national operations.
Crafco Inc $49
+3.9%
Adjusted for higher cost-of-living indices in Crafco Inc's primary metro hubs.
Kingsdown Inc $47
-0.1%
Indicates identical technical requirements and experience levels between the two firms.
MFG Durable Industry $59
+23.5%
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.

Companies Similar to Hankscraft Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Hankscraft Inc

Considering a career at Hankscraft 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 schedule is consistent and easy to plan around. Workloads can fluctuate significantly during busy periods. Training is decent but basic. Others may crave more engagement.
Commented in May 15, 2025
45
1
While the work is particularly exciting, it’s steady and dependable. The company also offers career advancement paths through certifications and internal promotions. I feel like a valued member of a successful and caring organization. Customer satisfaction is a top priority throughout production. The leadership is visionary and highly effective. Career growth opportunities exist but are competitiv...
Commented in February 15, 2025
14
3
Cross-training opportunities allow employees to develop diverse skills across different production areas. I’ve found this manufacturing company to be a fantastic place to work. Management genuinely cares about its employees, fostering a supportive and respectful environment. Overtime is occasionally necessary during high production demands.
Commented in February 09, 2024
14
3

Hankscraft Inc Overview

Website
www.hankscraft.com
Founded In
1920
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Address
300 Wengel Dr Reedsburg Wisconsin WI 53959
Revenue
$50 Million - $200 Million
Phone Number
+1 6085244341
Social Media
About Hankscraft Inc
Founded in 1920, Hankscraft designs, engineers, and manufactures a range of electronic and electromechanical products for customers worldwide. The company is located in Reedsburg, Wisconsin.

What Benefits Does Hankscraft Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Hankscraft 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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What Is the Cost of Living Near Madison?

Understanding the cost of living near Madison is key to truly evaluating a salary offer or your current compensation at Hankscraft Inc.
Madison's Cost of Living Index is approximately 100.8 (0.8% more expensive than US average; 6.3% more than WI average). State capital (Univ. of WI), desirable, housing costs near US avg. Metro Transit. When planning your budget based on a salary from Hankscraft Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,700+ A significant portion of Hankscraft Inc salary. Location choices impact this heavily.
Utilities (Basic) $120 - $210 Electricity, Heating, Cooling, Water etc.
Public Transportation $65 (Metro monthly pass, free for UW) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,575 - $3,945+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Hankscraft Inc

1. What is the typical salary range (low to high) for most roles at Hankscraft Inc?

The typical salary range for most roles at Hankscraft Inc is approximately from $42 to $54 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. How much does Hankscraft Inc pay compared to Gdi?

The average annual salary at Hankscraft Inc is $98,571, or an hourly wage of $47, in comparison to Gdi which pays $101,915 per year or $49 per hour.

3. Do salaries differ significantly between departments at Hankscraft Inc?

Yes, salaries often differ between departments at Hankscraft Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Hankscraft Inc?

Experience level is a significant factor in determining salary at Hankscraft Inc, 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.

5. How can I determine if a salary offer from Hankscraft Inc in Madison is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Hankscraft Inc?

Several key factors influence salary levels at Hankscraft Inc. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Hankscraft Inc likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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