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Innovative Components Inc Salary

Innovative Components Inc Salary

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As of September 2026, the average hourly salary for employees at Innovative Components Inc in the United States is $46. This translates to an approximate annual wage of $94,879. Salaries at Innovative Components Inc typically range from $40 to $51 hourly, reflecting the diverse roles and experience levels within the company.
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Is Innovative Components Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovative Components 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
Liberty Elevator Experts LLC $47
+3.1%
Influenced by prevailing union wage agreements specific to Liberty Elevator Experts LLC's sector.
nuHaus $46
+0.2%
Confirms nuHaus is a direct competitor vying for the exact same talent pool.
Rayner Covering Systems Inc $46
+1.9%
Indicates identical technical requirements and experience levels between the two firms.
Kamco Plastics Inc $46
+0.3%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
MFG Durable Industry $59
+28.3%
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 Innovative Components Inc and Their Hourly Pay Rates

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

Employee Reviews: Working at Innovative Components Inc

Considering a career at Innovative Components 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.
Flexible scheduling options help maintain work-life balance. Our ideas have made a real difference in production flow and safety protocols. Recognition programs celebrate employee achievements regularly. Managers are present and easy to talk to. Fast-paced but well-managed environment.
Commented in May 05, 2025
9
3
Training opportunities are available, and the team collaborates effectively. Managers treat employees with professionalism and respect. This company offers a refreshing work atmosphere for the manufacturing industry. Competitive pay and benefits contribute to employee satisfaction.
Commented in April 03, 2025
17
0
Overtime is sometimes required during busy periods. Managers keep lines of communication open, and hard work doesn’t go unnoticed. Management truly listens to worker feedback - many of our process improvement suggestions get implemented. The culture here is based on respect, productivity, and teamwork. Work environment is stable but may feel routine and unexciting to some. As part of a we're produ...
Commented in December 14, 2024
13
3
The work is challenging but rewarding, and there's a strong sense of accomplishment in seeing our products come to life. Some repetitive tasks may feel monotonous over time. Training is available but somewhat limited.
Commented in February 23, 2024
13
0

Innovative Components Inc Overview

Website
www.innovative-components.com
Founded In
1992
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
1050 National Pkwy Schaumburg Illinois IL 60173
Revenue
$5 Million - $10 Million
Phone Number
+1 8478859050
Social Media
About Innovative Components Inc
For more than 23 years, Innovative Components, Inc. has pioneered the creative use of "Green" materials and technologies in its manufacturing processes. Innovative Components of Schaumburg, IL and its sister company Componentes Innovadores in Cartago, Costa Rica comprise one of the largest manufacturers of plastic knobs, handles, quick release pins and latches in the world. The company has perfect

What Benefits Does Innovative Components Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovative Components 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 Schaumburg?

Understanding the cost of living near Schaumburg is key to truly evaluating a salary offer or your current compensation at Innovative Components Inc.
Schaumburg's Cost of Living Index is approximately 108.2 (8.2% more expensive than US average; 15.4% more than IL average). NW Chicago suburb, major commercial/retail hub (Woodfield Mall), housing costs above US avg. Pace bus. When planning your budget based on a salary from Innovative Components Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of Innovative Components Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace bus (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,740 - $4,250+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Innovative Components Inc

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

The typical salary range for most roles at Innovative Components Inc is approximately from $40 to $51 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 Innovative Components Inc pay compared to Liberty Elevator Experts LLC?

The average annual salary at Innovative Components Inc is $94,879, or an hourly wage of $46, in comparison to Liberty Elevator Experts LLC which pays $97,780 per year or $47 per hour.

3. Do salaries differ significantly between departments at Innovative Components Inc?

Yes, salaries often differ between departments at Innovative Components 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 Innovative Components Inc?

Experience level is a significant factor in determining salary at Innovative Components 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 Innovative Components Inc in Schaumburg is fair given the local cost of living?

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

6. Why might an individual's actual salary at Innovative Components Inc differ from the ranges shown here?

An individual's actual salary at Innovative Components Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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