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Novatek Inc Salary

Novatek Inc Salary

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As of September 2026, the average annual salary for employees at Novatek Inc in the United States is $80,217. This translates to an approximate hourly wage of $39. Salaries at Novatek Inc typically range from $70,660 to $90,515 annually, reflecting the diverse roles and experience levels within the company.
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Is Novatek Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Novatek 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
MVP Master Vapor Pumps $94,521
+17.8%
Reflects a supply-demand imbalance for the specific talent MVP Master Vapor Pumps targets.
Mikalor $91,314
+13.8%
Influenced by prevailing union wage agreements specific to Mikalor's sector.
Insilico $94,710
+18.1%
Reflects structural premiums typical of Insilico's large-cap national operations.
CHIPRIGHT Ltd $94,109
+17.3%
Data suggests CHIPRIGHT Ltd's workforce skews heavily towards veteran, high-tenure roles.
MFG Durable Industry $121,746
+51.8%
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 Novatek Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Novatek Inc

Considering a career at Novatek 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.
It’s a great workplace for those seeking a supportive and collaborative manufacturing career. For those who appreciate routine and low interpersonal demand, this place will suit you fine. Flexible work schedules and shift options allow employees to balance their personal and professional lives effectively. It's rare to find a manufacturer that treats its workforce so well.
Commented in March 26, 2025
48
1
Good place to gain experience, though not particularly innovative or fast-moving in terms of process improvements. I like the routine and structure of the day. Shift flexibility is appreciated. Experienced supervisors guide production with precision. Good benefits and retirement options. The company meets basic manufacturing standards.
Commented in January 13, 2025
48
2
Leadership communicates company goals clearly and celebrates team achievements. One of the best places I’ve worked in manufacturing. There’s great structure here, and our output speaks for itself. It’s easy to raise concerns or ask questions without fear, which really builds trust and confidence.
Commented in January 07, 2024
38
0

Novatek Inc Overview

Website
www.novatek.com
Founded In
2015
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
2185 S Tracy Hall Pkwy Provo Utah UT 84606
Revenue
$5 Million - $10 Million
Phone Number
+1 8013760131
Social Media
About Novatek Inc
Novatek Inc is a company that operates in the Computer Hardware industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Provo, Utah.

What Benefits Does Novatek Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Novatek 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 Provo?

Understanding the cost of living near Provo is key to truly evaluating a salary offer or your current compensation at Novatek Inc.
Provo's Cost of Living Index is approximately 97.8 (2.2% less expensive than US average; 3.6% less than UT average). Home to BYU, 'Silicon Slopes' area, housing near US avg. UTA bus/FrontRunner. When planning your budget based on a salary from Novatek Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Novatek Inc salary. Location choices impact this heavily.
Utilities (Basic) $100 - $180 Electricity, Heating, Cooling, Water etc.
Public Transportation $85 (UTA 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 $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,295 - $3,585+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Novatek Inc

1. What is the typical salary range (low to high) for most roles at Novatek Inc?

The typical annual salary range for most roles at Novatek Inc is approximately from $70,660 to $90,515. 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. How much does Novatek Inc pay compared to MVP Master Vapor Pumps?

The average annual salary at Novatek Inc is $80,217, or an hourly wage of $39, in comparison to MVP Master Vapor Pumps which pays $94,521 per year or $45 per hour.

3. Do salaries differ significantly between departments at Novatek Inc?

Yes, salaries often differ between departments at Novatek Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Novatek Inc?

Experience level is a significant factor in determining salary at Novatek Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Novatek Inc in Provo is fair given the local cost of living?

To determine if a salary offer from Novatek Inc in Provo is fair, first compare the gross salary to our data for similar roles at Novatek Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Provo" to understand its purchasing power.

6. What are the key factors that influence salary levels at Novatek Inc?

Several key factors influence salary levels at Novatek Inc. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Novatek Inc likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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