Panek Precision Salary

Panek Precision Salary

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As of August 2026, the average hourly salary for employees at Panek Precision in the United States is $51. This translates to an approximate annual wage of $105,649. Salaries at Panek Precision typically range from $45 to $57 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Panek Precision

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

Is Panek Precision’s Pay Competitive? Salary Benchmarking Analysis

How does Panek Precision'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
Gold Cross Ambulance $46
-10.4%
Typical compensation structure for smaller regional agencies like Gold Cross Ambulance.
Atlantic Group $46
-10.2%
Normalized for lower cost-of-living zones where Atlantic Group primarily operates.
So.FteR SpA $45
-12.1%
So.FteR SpA likely leverages performance bonuses over the high base salary shown here.
Plastic Extrusion Technologies' Co $46
-10.4%
Reflects market rates for standard general contracting, differing from specialized roles.
MFG Durable Industry $59
+15.2%
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.

Companies Similar to Panek Precision and Their Hourly Pay Rates

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

Employee Reviews: Working at Panek Precision

Considering a career at Panek Precision? 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.
There are clear systems in place, and everyone knows their role. It’s a good starting point, not a long-term goal. It’s reassuring to work for a company whose leadership not only understands the complexities of large-scale production but also empowers its workforce. Shift schedules fluctuate, affecting personal time.
Commented in May 07, 2025
35
3
There's a clear chain of command, and everyone knows what’s expected. Employees are committed, but there's a lack of team-building or cross-training opportunities. Quality control ensures defect-free products consistently.
Commented in March 10, 2025
8
3
Advancement takes time and persistence. The company provides stable jobs and standard benefits, though some employees report inconsistent communication and collaboration. Their technicians' attention to detail is reflected in our 0. There’s a strong sense of unity and shared purpose among coworkers. Management is responsive, employees are skilled, and operations run smoothly. Shift schedules are i...
Commented in October 09, 2024
21
0
Environmentally friendly practices reduce waste effectively. Communication between departments has improved significantly. Strong workplace culture, efficient processes, and consistent leadership create a stable and productive environment. The benefits package, including retirement contributions and tuition reimbursement, demonstrates long-term investment in the workforce. There's potential for im...
Commented in June 24, 2024
28
3
Management leads by example, fostering an environment of respect and hard work. The culture here is based on respect, productivity, and teamwork. The environment is stable but may lack innovation and flexibility for some employees.
Commented in February 23, 2024
25
1

Panek Precision Overview

Website
www.panekprecision.com
Founded In
1945
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Address
455 Academy Dr Northbrook Illinois IL 60062
Revenue
$10 Million - $50 Million
Phone Number
+1 8472919755
Social Media
About Panek Precision
Founded in 1945 and Head Quartered Northbrook Illinois. Panek Precision Products Co. manufactures industrial machinery. The company offers precision machine, metal tube cutting, end forming, assembly services, and metal stamping. Panek Precision Products operates in the United States.

What Benefits Does Panek Precision Offer Beyond Salary?

A competitive compensation package is more than just a salary. Panek Precision 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Panek Precision.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Panek Precision, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Panek Precision salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Panek Precision

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

The typical salary range for most roles at Panek Precision is approximately from $45 to $57 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 Panek Precision pay compared to Gold Cross Ambulance?

The average annual salary at Panek Precision is $105,649, or an hourly wage of $51, in comparison to Gold Cross Ambulance which pays $94,658 per year or $46 per hour.

3. Do salaries differ significantly between departments at Panek Precision?

Yes, salaries often differ between departments at Panek Precision 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 Panek Precision?

Experience level is a significant factor in determining salary at Panek Precision, 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 Panek Precision in Chicago is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Panek Precision?

Several key factors influence salary levels at Panek Precision. 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: Panek Precision 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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