Magnetek Inc Salary

Magnetek Inc Salary

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As of May 2026, the average annual salary for employees at Magnetek Inc in the United States is $102,875. This translates to an approximate hourly wage of $49. Salaries at Magnetek Inc typically range from $90,517 to $116,244 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Magnetek Inc

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Is Magnetek Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Magnetek 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
Seneca Sawmill Co $99,816
-3.0%
Confirms Seneca Sawmill Co is a direct competitor vying for the exact same talent pool.
Hanwha Aerospace Co Ltd $113,866
+10.7%
Influenced by prevailing union wage agreements specific to Hanwha Aerospace Co Ltd's sector.
World Class Industries Inc $96,240
-6.4%
World Class Industries Inc operates with a leaner overhead structure, impacting base wage offers.
Mason Controls $117,125
+13.9%
Data suggests Mason Controls's workforce skews heavily towards veteran, high-tenure roles.
MFG Durable Industry $121,746
+18.3%
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 Magnetek Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Magnetek Inc

Considering a career at Magnetek 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.
Benefits are standard, offering health insurance and retirement plans but lacking extras. Your experience here will largely depend on your immediate supervisor. A stable, rewarding job with growth options. Leadership provides direction, but daily updates can be lacking.
Commented in February 21, 2025
35
0
It’s easy to raise concerns or ask questions without fear, which really builds trust and confidence. Recognition programs celebrate successes, boosting morale. The workplace is clean, and safety is a priority.
Commented in January 22, 2025
22
2
Some roles feel more supported than others. A professional, forward-thinking environment that prioritizes quality, safety, and timely delivery across all departments. Flexible scheduling options contribute to a healthy work-life balance. Safety is paramount here, and it shows in everything we do. Management recognizes hard work, and training is thorough. there's a real sense of community. The comp...
Commented in November 17, 2024
35
3
Cross-training opportunities allow employees to develop diverse skills across different production areas. Training is effective, and advancement is possible for those who show initiative. Employees here appreciate the company’s commitment to continuous improvement and innovation in manufacturing processes. Quality control ensures defect-free products consistently.
Commented in May 09, 2024
11
1
Processes work but could benefit from periodic review and updates. The company’s recognition programs make employees feel appreciated and motivated to contribute their best. Clear chain of command. There’s a clear hierarchy and chain of command. I appreciate the company's focus on continuous improvement, not just in our products but in our processes and work environment.
Commented in January 06, 2024
45
2

Magnetek Inc Overview

Website
www.magnetek.com
Founded In
1992
Employees
200 - 500 employees
Industry
MFG Durable
Headquarter Address
n49 w13650 Campbell Dr Menomonee Falls Wisconsin WI 53051
Revenue
$50 Million - $200 Million
Phone Number
+1 8002361705
Social Media
About Magnetek Inc
Magnetek is a provider of Energy Engineered digital power and motion control systems used in overhead material handling, elevator, and mining applications. Magnetek is headquartered in Menomonee Falls, in the Greater Milwaukee area.

What Benefits Does Magnetek Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Magnetek 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 Milwaukee?

Understanding the cost of living near Milwaukee is key to truly evaluating a salary offer or your current compensation at Magnetek Inc.
Milwaukee's Cost of Living Index is approximately 85.9 (14.1% less expensive than US average; 9.4% less than WI average). Largest WI city, Lake Michigan, affordable housing. MCTS bus, The Hop streetcar (free). When planning your budget based on a salary from Magnetek Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of Magnetek Inc salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $72 (MCTS monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,292 - $3,582+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Magnetek Inc

1. What is the average salary for employees at Magnetek Inc?

The average annual total compensation for employees at Magnetek Inc is approximately $102,875. However, this is an aggregate figure, actual salaries can range significantly, typically from $90,517 to $116,244, depending on factors like job role, experience, and location.

2. How much does Magnetek Inc pay compared to Seneca Sawmill Co?

The average annual salary at Magnetek Inc is $102,875, or an hourly wage of $49, in comparison to Seneca Sawmill Co which pays $99,816 per year or $48 per hour.

3. What is the lowest salary at Magnetek Inc?

The lowest-paying job at Magnetek Inc is a Product Tester with a salary of $56,504 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Magnetek Inc?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Magnetek Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Magnetek Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Milwaukee?

While some companies offer formal COLA, many, including potentially Magnetek Inc, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Magnetek Inc?

Most companies, likely including Magnetek Inc, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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