Lab Tool And Engineering Corporation Salary

As of August 2026, the average hourly salary for employees at Lab Tool And Engineering Corporation in the United States is $35. This translates to an approximate annual wage of $72,251. Salaries at Lab Tool And Engineering Corporation typically range from $31 to $39 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Lab Tool And Engineering Corporation Pay for Different Roles?

Explore detailed salary information for specific jobs at Lab Tool And Engineering Corporation. 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

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About Lab Tool And Engineering Corporation: Company Profile

Website
www.lab-tool.com
Founded In
1968
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Location
SPRING ARBOR
Revenue
<$5 Million
Phone Number
-
Social Media

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

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Lab Tool And Engineering Corporation's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Flexible scheduling options contribute to a healthy work-life balance. Great place to build a long-term, stable manufacturing career. Workers are trained, heard, and respected. The environment is friendly and performance-driven, which keeps you engaged and motivated every day. We support each other and often share a laugh, making the workday more enjoyable.
Career growth is possible but often dependent on tenure. Overall, the company values employee wellbeing, supports professional growth, and fosters a collaborative environment that encourages teamwork and innovation. Communication is average, with occasional lapses. A great place to build skills. It's refreshing to be part of a company that truly values its employees' contributions and invests in t...
Safety isn't just a priority here, it's a core value that guides every decision. Some groups collaborate well, others tend to work more independently with minimal communication. Managers listen and act on feedback. Management values employee input and actively supports training and professional growth initiatives.

Is Lab Tool And Engineering Corporation’s Pay Competitive? Salary Benchmarking Analysis

How does Lab Tool And Engineering Corporation'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
LSU AG CENTER $33
-3.7%
LSU AG CENTER likely leverages performance bonuses over the high base salary shown here.
ELKHART TOOL AND DIE INC $34
-2.1%
Indicates identical technical requirements and experience levels between the two firms.
GLASS HORIZONS $40
+15.4%
Adjusted for higher cost-of-living indices in GLASS HORIZONS's primary metro hubs.
FOUR-WAY TOOL AND DIE INC $36
+3.9%
Reflects a supply-demand imbalance for the specific talent FOUR-WAY TOOL AND DIE INC targets.
MFG Durable Industry $59
+68.5%
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.

What Is the Cost of Living Near Lansing?

Understanding the cost of living near Lansing is key to truly evaluating a salary offer or your current compensation at Lab Tool And Engineering Corporation.
Lansing's Cost of Living Index is approximately 83.1 (16.9% less expensive than US average; 8.0% less than MI average). State capital (Michigan State Univ. nearby), affordable housing. CATA bus. When planning your budget based on a salary from Lab Tool And Engineering Corporation, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of Lab Tool And Engineering Corporation salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (CATA monthly pass, free for MSU) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,010 - $3,200+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Lab Tool And Engineering Corporation

FAQ 1: What is the estimated average total compensation at Lab Tool And Engineering Corporation?
Salary.com estimates that the average total compensation package at Lab Tool And Engineering Corporation, which can include base salary, potential bonuses, and benefits, is around $35 per hour . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Lab Tool And Engineering Corporation pay compared to LSU AG CENTER?
The average annual salary at Lab Tool And Engineering Corporation is $72,251, or an hourly wage of $35, in comparison to LSU AG CENTER which pays $69,546 per year or $33 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Lab Tool And Engineering Corporation?
Salary progression from an entry-level to a senior role at Lab Tool And Engineering Corporation can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.
FAQ 4: How can I determine if a salary offer from Lab Tool And Engineering Corporation in Lansing is fair given the local cost of living?
To determine if a salary offer from Lab Tool And Engineering Corporation in Lansing is fair, first compare the gross salary to our data for similar roles at Lab Tool And Engineering Corporation and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Lansing" to understand its purchasing power.
FAQ 5: Are promotions at Lab Tool And Engineering Corporation usually accompanied by a significant salary increase?
Yes, promotions at Lab Tool And Engineering Corporation are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.