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Platinum Tooling Technologies Inc Salary

Platinum Tooling Technologies Inc Salary

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As of September 2026, the average annual salary for employees at Platinum Tooling Technologies Inc in the United States is $91,905. This translates to an approximate hourly wage of $44. Salaries at Platinum Tooling Technologies Inc typically range from $80,951 to $103,709 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Platinum Tooling Technologies Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Platinum Tooling Technologies Inc. Based on our data, the highest paying job is the President, with an annual salary of $711,423. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Platinum Tooling Technologies Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Platinum Tooling Technologies 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
Continuums Ltd $88,065
-4.2%
Normalized for lower cost-of-living zones where Continuums Ltd primarily operates.
Ellis Computerized Machining $75,566
-17.8%
Ellis Computerized Machining likely leverages performance bonuses over the high base salary shown here.
Michael Blades & Associates Ltd $93,993
+2.3%
Indicates identical technical requirements and experience levels between the two firms.
Bermont Gage & Automation Inc $89,806
-2.3%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
MFG Durable Industry $121,746
+32.5%
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 Platinum Tooling Technologies Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Platinum Tooling Technologies Inc

Considering a career at Platinum Tooling Technologies 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.
The maintenance team is responsive, minimizing equipment downtime. Safety standards are clearly followed, and the facility is clean. While the work is particularly exciting, it’s steady and dependable. Employees are involved in decisions, and the workplace culture promotes learning and shared responsibility at every level. It’s a good starting point, not a long-term goal.
Commented in April 16, 2025
32
3
The production scheduling is well-planned, avoiding the stressful crunch periods common in manufacturing. Competitive pay and benefits, plus solid work-life balance. A well-run company where professionalism and teamwork drive performance every day. The leadership is visionary and highly effective. Managers are present and easy to talk to. There’s structure, but creativity and initiative aren’t emp...
Commented in January 11, 2025
46
3
Experienced supervisors guide production with precision. The culture emphasizes professionalism to adapt to change, occasionally causing frustration. What stands out is the structured training process and continued mentorship. Flexible scheduling options contribute to a healthy work-life balance.
Commented in February 16, 2024
10
2

Platinum Tooling Technologies Inc Overview

Website
www.platinumtooling.com
Founded In
2009
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
16 Piper Ln Prospect Heights Illinois IL 60070
Revenue
<$5 Million
Phone Number
+1 8477490633
Social Media
About Platinum Tooling Technologies Inc
Platinum Tooling president celebrates four generations and 100 years in metal cutting Platinum Tooling in Prospect Heights, Illinois, is set to reach an important milestone. In 2022, company President Preben Hansen and his family will celebrate 100 years working in metal cutting and four generations of Hansen men in the industry.

What Benefits Does Platinum Tooling Technologies Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Platinum Tooling Technologies 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Platinum Tooling Technologies Inc.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Platinum Tooling Technologies Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Platinum Tooling Technologies Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Platinum Tooling Technologies Inc

1. What is the estimated average total compensation at Platinum Tooling Technologies Inc?

Salary.com estimates that the average total compensation package at Platinum Tooling Technologies Inc, which can include base salary, potential bonuses, and benefits, is around $91,905 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Platinum Tooling Technologies Inc pay compared to Continuums Ltd?

The average annual salary at Platinum Tooling Technologies Inc is $91,905, or an hourly wage of $44, in comparison to Continuums Ltd which pays $88,065 per year or $42 per hour.

3. Do salaries differ significantly between departments at Platinum Tooling Technologies Inc?

Yes, salaries often differ between departments at Platinum Tooling Technologies 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. What's the typical salary progression for an employee moving from an entry-level to a senior role at Platinum Tooling Technologies Inc?

Salary progression from an entry-level to a senior role at Platinum Tooling Technologies Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Platinum Tooling Technologies Inc in Chicago is fair given the local cost of living?

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

6. Are promotions at Platinum Tooling Technologies Inc usually accompanied by a significant salary increase?

Yes, promotions at Platinum Tooling Technologies Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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