Lortec Power Systems Inc Salary
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Current Job Openings at Lortec Power Systems Inc
Is Lortec Power Systems Inc’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Orca Industries Inc | $86,620 |
-4.1%
|
Orca Industries Inc likely leverages performance bonuses over the high base salary shown here. |
| Mil-Spec Packaging of GA Inc | $83,582 |
-7.5%
|
Mil-Spec Packaging of GA Inc operates with a leaner overhead structure, impacting base wage offers. |
| Xerotech Ltd | $98,550 |
+9.1%
|
Data suggests Xerotech Ltd's workforce skews heavily towards veteran, high-tenure roles. |
| Corrugated Sheets Ltd | $89,890 |
-0.5%
|
Suggests Corrugated Sheets Ltd utilizes a highly similar base-plus-benefits compensation model. |
| MFG Durable Industry | $121,746 |
+34.8%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Lortec Power Systems Inc's Salaries Compare to Similar Companies?
Orca Industries Inc
$86,620 / year
Salary Range: $76,250 - $97,795
Baton Rouge, LA
Mil-Spec Packaging of GA Inc
$83,582 / year
Salary Range: $73,620 - $94,320
Macon, GA
Xerotech Ltd
$98,550 / year
Salary Range: $86,797 - $111,196
Claregalway, CA
Corrugated Sheets Ltd
$89,890 / year
Salary Range: $79,173 - $101,429
Northeast Emergency Apparatus LLC
$85,207 / year
Salary Range: $75,049 - $96,149
Auburn, ME
Bifrangi UK Ltd - Forging Plant
$94,637 / year
Salary Range: $83,333 - $106,831
Lincoln, NH
Curtis Engine & Equipment Company Inc
$96,018 / year
Salary Range: $84,534 - $108,440
Halethorpe, MD
AFS Central Ohio
$92,770 / year
Salary Range: $81,675 - $104,746
Columbus, OH
Solis Netherlands
$91,968 / year
Salary Range: $80,969 - $103,843
Leimuiden, OH
Employee Reviews: Working at Lortec Power Systems Inc
Lortec Power Systems Inc Overview
What Benefits Does Lortec Power Systems Inc Offer Beyond Salary?
Get an estimated calculation of how much you should be earning and insight into your career options.
What Is the Cost of Living Near Elyria?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $700 - $1,050+ | A significant portion of Lortec Power Systems Inc salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $250 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | Limited local transit | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $360 - $530 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $280 - $550+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $340 - $630+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $1,860 - $3,010+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Lortec Power Systems Inc
1. How much does a Lortec Power Systems Inc employee make?
Lortec Power Systems Inc pays its employees an average of $90,333 per year. The average salary at Lortec Power Systems Inc range from $79,530 to $102,002 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 Lortec Power Systems Inc?
The salary at Lortec Power Systems Inc is higher than the similar company. The average annual salary at Lortec Power Systems Inc is $90,333, or an hourly wage of $43, in comparison to Orca Industries Inc which pays $86,620 per year or $42 per hour.
3. Do employees with advanced degrees (Master's, PhD) earn more at Lortec Power Systems Inc?
In many roles at Lortec Power Systems 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.
4. How does the cost of living near Elyria affect the perceived value of a Lortec Power Systems Inc salary?
Elyria's Cost of Living Index is approximately 78.3 (21.7% less expensive than US average; 13.8% less than OH average). This significantly impacts the purchasing power of a salary from Lortec Power Systems Inc based there. Our "Cost of Living Insights for Elyria" module details this impact, helping you assess the 'real feel' value of your compensation.
5. What kind of benefits does Lortec Power Systems Inc typically offer employees?
Lortec Power Systems 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 Lortec Power Systems Inc" section on this page.
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