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Innovative Tools & Technologies Salary

Innovative Tools & Technologies Salary

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As of October 2026, the average hourly salary for employees at Innovative Tools & Technologies in the United States is $39. This translates to an approximate annual wage of $81,608. Salaries at Innovative Tools & Technologies typically range from $35 to $45 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Innovative Tools & Technologies Pay for Different Roles?

Explore detailed salary information for specific jobs at Innovative Tools & Technologies. Based on our data, the highest paying job is the Director of Finance and Accounting, with an hourly wage of $92. The table below outlines the hourly wage ranges for most popular roles within the company.

Sales Manager

$78 / hour

Salary Range: $68 - $90

Sales

Technical Performance Specialist - Tooling Tryout

$53 / hour

Salary Range: $49 - $57

Engineering

Tooling Tryout Technician

$45 / hour

Salary Range: $42 - $49

Engineering

Business Systems Analyst

$41 / hour

Salary Range: $38 - $46

Information Technology

Digital Marketing & Content Specialist

$55 / hour

Salary Range: $49 - $62

Digital Marketing

Director of Finance and Accounting

$92 / hour

Salary Range: $82 - $105

Management

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Innovative Tools & Technologies.
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About Innovative Tools & Technologies: Company Profile

Website
www.innovativetools.com
Founded In
1996
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
HUGO
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About INNOVATIVE TOOLS & TECHNOLOGIES
THE INNOVATIVE WAY - NOTHING LESS THAN THE BEST Innovative customers have learned that the company offers the best-designed, highest-quality products at the best price - all backed by the industry's best warranty. The benefits? Increased productivity, quality throughput, and profitability. Not to mention less clutter, and fewer lost parts and tempers. Innovative earns its business by making its cu

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Innovative Tools & Technologies's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
This place genuinely wants employees to succeed and encourages participation at every level of decision-making. Tools and resources are adequate and it is somehow cutting-edge. The career growth opportunities are outstanding. The communication channels are open, and employee feedback is genuinely encouraged and acted upon. Competitive compensation and flexible work schedules promote employee well-...
Commented in May 11, 2025
36
0
They combine a strong commitment to producing quality products with an equally strong commitment to their employees' well-being and development. This variety ensures that every one can find a niche and develop specialized skills. Consistent performance, high-quality standards, and excellent team coordination make this company stand out. From intricate component assembly to large-scale final produc...
Commented in February 08, 2025
40
0
Workinghas been an incredibly rewarding experience. The maintenance team is responsive, minimizing equipment downtime. Supportive management and a strong sense of teamwork make this a great place to grow.
Commented in November 11, 2024
31
3
Working in this manufacturing facility has exceeded my expectations. Workplace environment is professional but occasionally rigid. If you’re looking for predictability and minimal stress, this could be a good fit. Employees appreciate the flexible scheduling options and recognition programs that celebrate achievements.
Commented in August 15, 2024
12
2
Training covers the basics, but more technical instruction would help new hires adjust faster. The environment is professional and structured. Training is hands-on, and expectations are clear. The focus on lean manufacturing principles eliminates wasteful practices while improving working conditions.
Commented in February 21, 2024
50
3

How Innovative Tools & Technologies's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Innovative Tools & Technologies’s pay competitiveness. Click on a company for a deeper dive.

Is Innovative Tools & Technologies’s Pay Competitive? Salary Benchmarking Analysis

How does Innovative Tools & Technologies'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
INFINITY TOOL $35
-11.2%
INFINITY TOOL may offer non-monetary perks in lieu of competitive base salaries.
ICS CUTTING TOOLS $35
-10.5%
Reflects market rates for standard general contracting, differing from specialized roles.
ISM&M $36
-7.1%
Typical compensation structure for smaller regional agencies like ISM&M.
INLAND TOOL COMPANY $35
-10.7%
INLAND TOOL COMPANY operates with a leaner overhead structure, impacting base wage offers.
MFG Durable Industry $59
+49.2%
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.

What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Innovative Tools & Technologies.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Innovative Tools & Technologies, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Innovative Tools & Technologies salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Innovative Tools & Technologies

FAQ 1: What is the typical salary range (low to high) for most roles at Innovative Tools & Technologies?
The typical salary range for most roles at Innovative Tools & Technologies is approximately from $35 to $45 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.
FAQ 2: How much does Innovative Tools & Technologies pay compared to INFINITY TOOL?
The average annual salary at Innovative Tools & Technologies is $81,608, or an hourly wage of $39, in comparison to INFINITY TOOL which pays $72,472 per year or $35 per hour.
FAQ 3: How does experience level affect salary at Innovative Tools & Technologies?
Experience level is a significant factor in determining salary at Innovative Tools & Technologies, 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.
FAQ 4: How can I determine if a salary offer from Innovative Tools & Technologies in Minneapolis is fair given the local cost of living?
To determine if a salary offer from Innovative Tools & Technologies in Minneapolis is fair, first compare the gross salary to our data for similar roles at Innovative Tools & Technologies and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.
FAQ 5: What are the key factors that influence salary levels at Innovative Tools & Technologies?
Several key factors influence salary levels at Innovative Tools & Technologies. 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: Innovative Tools & Technologies 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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