Pennakem LLC Salary

Pennakem LLC Salary

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As of August 2026, the average hourly salary for employees at Pennakem LLC in the United States is $46. This translates to an approximate annual wage of $96,504. Salaries at Pennakem LLC typically range from $41 to $52 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Pennakem LLC

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Is Pennakem LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Pennakem LLC'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
NeoLife International Ltd $61
+32.5%
Supported by NeoLife International Ltd's high-margin contracts allowing higher overhead.
MIT Chemical Engineering $55
+19.6%
Driven by niche technical certifications required for MIT Chemical Engineering's specialized projects.
Sensient Industrial Colors $49
+6.7%
Reflects structural premiums typical of Sensient Industrial Colors's large-cap national operations.
Certis USA LLC $52
+12.8%
Data suggests Certis USA LLC's workforce skews heavily towards veteran, high-tenure roles.
Chemicals Industry $63
+35.4%
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 Pennakem LLC and Their Hourly Pay Rates

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

Employee Reviews: Working at Pennakem LLC

Considering a career at Pennakem LLC? 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 employee break areas could use some refurbishment. Strong safety standards and training. The compensation package is attractive, including bonuses and stock options for eligible roles. Compensation packages are competitive within the industry, including performance bonuses and comprehensive health benefits. Good benefits, positive team dynamics.
Commented in April 12, 2025
18
1
The company maintains stable relationships with its chemical raw material suppliers and distribution networks. The company follows standard chemical industry regulations, and the environment is low-drama. The company operates efficiently with clear processes in place. The company's commitment to employee growth is evident through regular training programs and skill development workshops. Leadershi...
Commented in July 02, 2024
14
0
The benefits program is robust, including excellent healthcare options. The compensation package is robust, including profit-sharing that aligns employee success with company performance. Career development opportunities are available.
Commented in March 27, 2024
30
2

Pennakem LLC Overview

Website
www.pennakem.com
Founded In
1999
Employees
100 - 200 employees
Industry
Chemicals
Headquarter Address
3324 Chelsea Ave Memphis Tennessee TN 38108
Revenue
$10 Million - $50 Million
Phone Number
+1 9013204000
Social Media
About Pennakem LLC
Pennakem, an affiliate of the Belgian Minafin Group, is an innovative specialty chemical company with over 60 years of biobased chemicals development and manufacturing experience. Pennakem is the largest worldwide supplier of specialty furfural-derived biobased products, with demonstrated value in pharmaceutical, agricultural, and rubber additive processes and environmentally friendly solvent appl

What Benefits Does Pennakem LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Pennakem LLC 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 Memphis?

Understanding the cost of living near Memphis is key to truly evaluating a salary offer or your current compensation at Pennakem LLC.
Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). Blues/BBQ, FedEx hub, very affordable housing. MATA bus/trolley. When planning your budget based on a salary from Pennakem LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Pennakem LLC salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MATA monthly pass) 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,410+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Pennakem LLC

1. How much does a Pennakem LLC employee make?

Pennakem LLC pays its employees an average of $46 per hour. The average salary at Pennakem LLC range from $41 to $52 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. Which similar company tend to pay more or less than Pennakem LLC?

The salary at Pennakem LLC is lesser than the similar company. The average annual salary at Pennakem LLC is $96,504, or an hourly wage of $46, in comparison to NeoLife International Ltd which pays $127,831 per year or $61 per hour.

3. How much does a Managing Director typically earn at Pennakem LLC?

A Managing Director at Pennakem LLC typically earns an average hourly base salary of around $359, with a general range of $275 to $452.

4. Do employees with advanced degrees (Master's, PhD) earn more at Pennakem LLC?

In many roles at Pennakem LLC, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Memphis affect the perceived value of a Pennakem LLC salary?

Memphis' Cost of Living Index is approximately 79.8 (20.2% less expensive than US average; 11.5% less than TN average). This significantly impacts the purchasing power of a salary from Pennakem LLC based there. Our "Cost of Living Insights for Memphis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Pennakem LLC typically offer employees?

Pennakem LLC generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Pennakem LLC" section on this page.

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