Olympic Tool & Machine Corp Salary

As of July 2026, the average annual salary for employees at Olympic Tool & Machine Corp in the United States is $97,527. This translates to an approximate hourly wage of $47. Salaries at Olympic Tool & Machine Corp typically range from $85,881 to $110,111 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Olympic Tool & Machine Corp

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Is Olympic Tool & Machine Corp’s Pay Competitive? Salary Benchmarking Analysis

How does Olympic Tool & Machine Corp'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
V I Engineering Inc $95,006
-2.6%
Confirms V I Engineering Inc is a direct competitor vying for the exact same talent pool.
Royal Pallets $88,519
-9.2%
Royal Pallets may offer non-monetary perks in lieu of competitive base salaries.
Excalibur Mineral Corp $86,346
-11.5%
Normalized for lower cost-of-living zones where Excalibur Mineral Corp primarily operates.
Springs Road Healthcare $99,995
+2.5%
Suggests Springs Road Healthcare utilizes a highly similar base-plus-benefits compensation model.
MFG Durable Industry $121,746
+24.8%
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.

Employee Reviews: Working at Olympic Tool & Machine Corp

Considering a career at Olympic Tool & Machine Corp? 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.
I've found the leadership team to be approachable and fair. There’s job security, but few chances to shape your role or workflow. Most importantly, there's genuine pride throughout the organization in the quality products we produce. If you're self-sufficient and like routine, it works well. across various functions – from engineering and production to logistics and quality control – there are num...
The leadership is engaged and forward-thinking, always investing in better tech and processes to stay ahead in the market. What I appreciate most is the respect given to frontline workers—we’re trusted to make decisions and solve problems. Pay and benefits are industry average. It’s a great workplace for those seeking a supportive and collaborative manufacturing career. I’ve developed valuable tec...
Processes are tightly controlled, which helps productivity but limits flexibility. Excellent internal communication. Competitive pay and benefits motivate employees. Skilled craftsmanship results in high-quality finished goods. Equipment is mostly up-to-date but occasional delays in upgrades.

Olympic Tool & Machine Corp Overview

Website
www.olymtool.com
Founded In
1960
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
2100 Bridgewater Rd Aston Pennsylvania PA 19014
Revenue
$10 Million - $50 Million
Phone Number
+1 6104941600
Social Media
About Olympic Tool & Machine Corp
Olympic tool is a modern MACHINE SHOP equipped to meet the machining needs of even the most demanding industries. Our services include: MACHINING OPERATIONS FINISHED PARTS FINISHED ASSEMBLIES FLIGHT SAFETY, CRITICAL PARTS & ASSEMBLIES Lathe Pin Transmission Pin Group

What Benefits Does Olympic Tool & Machine Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. Olympic Tool & Machine Corp 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 Philadelphia?

Understanding the cost of living near Philadelphia is key to truly evaluating a salary offer or your current compensation at Olympic Tool & Machine Corp.
Philadelphia's Cost of Living Index is approximately 101.2 (1.2% more expensive than US average; 4.2% more than PA average). Major historic city, housing varies by neighborhood but can be high in Center City. SEPTA. When planning your budget based on a salary from Olympic Tool & Machine Corp, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,200+ A significant portion of Olympic Tool & Machine Corp salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $96 (SEPTA TransPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $730+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,866 - $4,566+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Olympic Tool & Machine Corp

1. What is the average salary for employees at Olympic Tool & Machine Corp?

The average annual total compensation for employees at Olympic Tool & Machine Corp is approximately $97,527. However, this is an aggregate figure, actual salaries can range significantly, typically from $85,881 to $110,111, depending on factors like job role, experience, and location.

2. How much does Olympic Tool & Machine Corp pay compared to V I Engineering Inc?

The average annual salary at Olympic Tool & Machine Corp is $97,527, or an hourly wage of $47, in comparison to V I Engineering Inc which pays $95,006 per year or $46 per hour.

3. What is the lowest salary at Olympic Tool & Machine Corp?

The lowest-paying job at Olympic Tool & Machine Corp is a Shipper with a salary of $37,662 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 Olympic Tool & Machine Corp?

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 Olympic Tool & Machine Corp for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Olympic Tool & Machine Corp offer cost-of-living adjustments (COLA) for employees in high-cost areas like Philadelphia?

While some companies offer formal COLA, many, including potentially Olympic Tool & Machine Corp, 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 Olympic Tool & Machine Corp?

Most companies, likely including Olympic Tool & Machine Corp, 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.