Toolmaker Salary at Magnecomp Corp BETA

How much does a Magnecomp Corp Toolmaker make?

As of April 2025, the average annual salary for a Toolmaker at Magnecomp Corp is $65,359, which translates to approximately $31 per hour. Salaries for Toolmaker at Magnecomp Corp typically range from $58,388 to $71,040, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Magnecomp Corp Overview

Website:
magnecomp.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
MFG Durable

Magnecomp Precision Technology Public Company Limited (MPT) a subsidiary of TDK is a premier precision suspension assembly manufacturer serving a global customer base in the data storage and electronics industries. MPT was created through the 2005 merger between the Data Storage Division of Magnecomp International Limited and KR Precision Public Company Limited. With manufacturing plants located both in Thailand and China and a Technology center located in California USA, MPT is strategically positioned close to its customers' design and manufacturing centers.MPT offers leading innovations in suspension assembly solutions from design through to rapid prototyping followed by high volume production. The Company has a set of subsidiary companies specializing in precision stamping, chemical etchings, additive circuits, tooling and die supporting its core business.

See similar companies related to Magnecomp Corp

What Skills Does a person Need at Magnecomp Corp?

At Magnecomp Corp, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. CNC: Numerical control is the automated control of machining tools by means of a computer. A CNC machine processes a piece of material to meet specifications by following coded programmed instructions
  2. Welding: Welding is a fabrication or sculptural process that joins materials, usually metals or thermoplastics, by using high heat to melt the parts together and allowing them to cool causing fusion. Welding is distinct from lower temperature metal-joining techniques such as brazing and soldering, which do not melt the base metal. In addition to melting the base metal, a filler material is typically added to the joint to form a pool of molten material (the weld pool) that cools to form a joint that, based on weld configuration (butt, full penetration, fillet, etc.), can be stronger than the base material (parent metal). Pressure may also be used in conjunction with heat, or by itself, to produce a weld. Welding also requires a form of shield to protect the filler metals or melted metals from being contaminated or oxidized. Many different energy sources can be used for welding, including a gas flame (chemical), an electric arc (electrical), a laser, an electron beam, friction, and ultrasound. While often an industrial process, welding may be performed in many different environments, including in open air, under water, and in outer space. Welding is a hazardous undertaking and precautions are required to avoid burns, electric shock, vision damage, inhalation of poisonous gases and fumes, and exposure to intense ultraviolet radiation.
  3. Troubleshooting: Troubleshooting is a form of problem solving, often applied to repair failed products or processes on a machine or a system. It is a logical, systematic search for the source of a problem in order to solve it, and make the product or process operational again. Troubleshooting is needed to identify the symptoms. Determining the most likely cause is a process of elimination—eliminating potential causes of a problem. Finally, troubleshooting requires confirmation that the solution restores the product or process to its working state. In general, troubleshooting is the identification or diagnosis of "trouble" in the management flow of a system caused by a failure of some kind. The problem is initially described as symptoms of malfunction, and troubleshooting is the process of determining and remedying the causes of these symptoms. A system can be described in terms of its expected, desired or intended behavior (usually, for artificial systems, its purpose). Events or inputs to the system are expected to generate specific results or outputs. (For example, selecting the "print" option from various computer applications is intended to result in a hardcopy emerging from some specific device). Any unexpected or undesirable behavior is a symptom. Troubleshooting is the process of isolating the specific cause or causes of the symptom. Frequently the symptom is a failure of the product or process to produce any results. (Nothing was printed, for example). Corrective action can then be taken to prevent further failures of a similar kind.
  4. Communicates Effectively: Effective communication is the process of exchanging ideas, thoughts, opinions, knowledge, and data so that the message is received and understood with clarity and purpose.
  5. preventative maintenance: Developing and implementing maintenance strategies to increase equipment life expectancy and avoid unplanned downtime.

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Check more jobs information at Magnecomp Corp

Job Title Average Magnecomp Corp Salary Hourly Rate
2 Industrial Engineer $85,249 $41
3 IT Senior Engineer $108,219 $52
4 Metrology Engineer $81,619 $39
5 Senior Manager, Engineering $172,832 $83
6 Supplier Quality Engineer $69,557 $33
7 Sustaining Engineer $84,152 $40
8 Tool Design Engineer $102,539 $49
9 Corporate Finance Analyst $61,687 $30
10 Customer Quality Engineer $68,943 $33
11 Human Resources Assistant $49,535 $24
12 Manager $104,577 $50
13 Manager, Process Engineering $165,818 $80

Hourly Pay at Magnecomp Corp

The average hourly pay at Magnecomp Corp for a Toolmaker is $31 per hour. The location, department, and job description all have an impact on the typical compensation for Magnecomp Corp positions. The pay range and total remuneration for the job title are shown in the table below. Magnecomp Corp may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $65,359 look to you?

FAQ about Salary and Jobs at Magnecomp Corp

1. How much does Magnecomp Corp pay per hour?
The average hourly pay is $31. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Magnecomp Corp?
According to the data, the highest approximate salary is about $71,040 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Magnecomp Corp?
According to the data, the lowest estimated salary is about $58,388 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.