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Lock Drives Inc Salary

Lock Drives Inc Salary

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As of September 2026, the average annual salary for employees at Lock Drives Inc in the United States is $90,945. This translates to an approximate hourly wage of $44. Salaries at Lock Drives Inc typically range from $80,080 to $102,685 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Lock Drives Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Lock Drives Inc. Based on our data, the highest paying job is the Managing Director, with an annual salary of $703,993. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Lock Drives Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Lock Drives 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
Circle Gear & Machine Company Inc $99,352
+9.2%
Driven by niche technical certifications required for Circle Gear & Machine Company Inc's specialized projects.
Timron Precision Gear Inc $92,822
+2.1%
Indicates identical technical requirements and experience levels between the two firms.
Sypris Technologies Inc $87,696
-3.6%
Sypris Technologies Inc operates with a leaner overhead structure, impacting base wage offers.
Jenaer Antriebstechnik GmbH $82,042
-9.8%
Jenaer Antriebstechnik GmbH likely leverages performance bonuses over the high base salary shown here.
MFG Durable Industry $121,746
+33.9%
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.

How Lock Drives Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Lock Drives Inc

Considering a career at Lock Drives 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.
Supervisors communicate well and help solve problems quickly. Strong teamwork fosters efficient and high-quality production. What sets this company apart is its people-first approach. People take pride in doing things right the first time. Workflow is organized, but efficiency varies by team.
Commented in March 09, 2025
29
3
Safety protocols are prioritized and well enforced. They are transparent in their communications and always make time to listen to employees. Management listens to feedback. I feel like my skills are respected and used meaningfully. Working at this manufacturing plant has been an incredibly rewarding experience. This manufacturing firm stands out for its commitment to operational excellence.
Commented in June 07, 2024
28
3
Communication is average; could be more transparent. The emphasis on safety and process improvement shows they care about doing things right. At this company, employees experience a supportive workplace with a clear focus on safety and quality standards. The work-life balance is surprisingly good for a manufacturing environment.
Commented in February 01, 2024
22
1

Lock Drives Inc Overview

Website
www.lockdrives.com
Founded In
1844
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
11198 Downs Rd Pineville North Carolina NC 28134
Revenue
$10 Million - $50 Million
Phone Number
+1 7045881844
Social Media
About Lock Drives Inc
Lock Drives Inc. was founded February 7th, 2008 as 100% daughter company of Lock Antriebstechnik GmbH out of Germany. Before this, Lock has operated with a support center called "Lock Drives USA" starting 2000 onwards. Lock Drives is handling the sale and service of Lock Products in the US and Canada. Sales support, technical consulting and application engineering are provided as well as stock man

What Benefits Does Lock Drives Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lock Drives 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 Charlotte?

Understanding the cost of living near Charlotte is key to truly evaluating a salary offer or your current compensation at Lock Drives Inc.
Charlotte's Cost of Living Index is approximately 98.9 (1.1% less expensive than US average; 3.0% more than NC average). Major financial hub, growing, housing near US avg. CATS bus/Light Rail. When planning your budget based on a salary from Lock Drives Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Lock Drives Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $88 (CATS monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,698 - $4,148+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lock Drives Inc

1. How much does a Lock Drives Inc employee make?

Lock Drives Inc pays its employees an average of $90,945 per year. The average salary at Lock Drives Inc range from $80,080 to $102,685 per year. 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 Lock Drives Inc?

The salary at Lock Drives Inc is lesser than the similar company. The average annual salary at Lock Drives Inc is $90,945, or an hourly wage of $44, in comparison to Circle Gear & Machine Company Inc which pays $99,352 per year or $48 per hour.

3. How much does a Managing Director typically earn at Lock Drives Inc?

A Managing Director at Lock Drives Inc typically earns an average annual base salary of around $703,993, with a general range of $539,340 to $885,931.

4. Do employees with advanced degrees (Master's, PhD) earn more at Lock Drives Inc?

In many roles at Lock Drives Inc, 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 Charlotte affect the perceived value of a Lock Drives Inc salary?

Charlotte's Cost of Living Index is approximately 98.9 (1.1% less expensive than US average; 3.0% more than NC average). This significantly impacts the purchasing power of a salary from Lock Drives Inc based there. Our "Cost of Living Insights for Charlotte" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Lock Drives Inc typically offer employees?

Lock Drives Inc 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 Lock Drives Inc" section on this page.

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