Praet Tool & Engineering Inc Salary

As of July 2026, the average annual salary for employees at Praet Tool & Engineering Inc in the United States is $89,806. This translates to an approximate hourly wage of $43. Salaries at Praet Tool & Engineering Inc typically range from $79,100 to $101,344 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Praet Tool & Engineering Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Praet Tool & Engineering Inc. Based on our data, the highest paying job is the President, with an annual salary of $695,175. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Praet Tool & Engineering Inc

Ready for your next career move? Explore current job openings at Praet Tool & Engineering Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Praet Tool & Engineering Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Praet Tool & Engineering 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
Crescent Sheet Metal Inc $92,559
+3.1%
Driven by niche technical certifications required for Crescent Sheet Metal Inc's specialized projects.
Automation Within Reach $84,574
-5.8%
Typical compensation structure for smaller regional agencies like Automation Within Reach.
Thermal Technology Group LLC $86,356
-3.8%
Normalized for lower cost-of-living zones where Thermal Technology Group LLC primarily operates.
Boost Manufacturing LLC $86,135
-4.1%
Reflects market rates for standard general contracting, differing from specialized roles.
MFG Durable Industry $121,746
+35.6%
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 Praet Tool & Engineering Inc

Considering a career at Praet Tool & Engineering 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.
I appreciate how leadership is invested in process efficiency and sustainability. The workplace environment encourages collaboration and respect among colleagues. The teamwork here is exceptional. Career growth opportunities are present. Production goals are challenging but fair, and there’s a real focus on hitting quality metrics.
Great team culture on the floor. Leadership communicates transparently about company performance and market challenges. It’s a decent place to work if you value predictability and stability over career growth or high engagement in your day-to-day tasks. Some departments work better than others, depending on leadership. Career advancement opportunities are present. Management actually listens to su...
Moreover, there's a strong culture of teamwork and mutual respect that makes coming to work a pleasant experience. The company actively encourages internal promotions and invests in skill development programs, including apprenticeships and technical training. They offer good health and wellness programs, showing a genuine concern for employee well-being beyond just workplace safety. Shift work can...

Praet Tool & Engineering Inc Overview

Website
www.praettool.com
Founded In
1983
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
51214 Industrial Dr Macomb Michigan MI 48042
Revenue
<$5 Million
Phone Number
+1 5866773800
Social Media
About Praet Tool & Engineering Inc
In 1983, what is now known as Praet Tool & Engineering, Inc. was formed. As a family-owned business, we provide turnkey, solution-based design, engineering, and manufacturing for an array of custom tooling and equipment. We provide these solutions based on superior quality and service. We are located in Macomb, Michigan, a suburban community on the outskirts of Detroit. We occupy a temperature-con

What Benefits Does Praet Tool & Engineering Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Praet Tool & Engineering 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 Sterling Heights?

Understanding the cost of living near Sterling Heights is key to truly evaluating a salary offer or your current compensation at Praet Tool & Engineering Inc.
Sterling Heights' Cost of Living Index is approximately 90.7 (9.3% less expensive than US average; 0.7% less than MI average). Large Detroit suburb (Macomb Co.), affordable housing. SMART bus. When planning your budget based on a salary from Praet Tool & Engineering 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 Praet Tool & Engineering Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART 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 $330 - $600+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,260 - $3,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Praet Tool & Engineering Inc

1. How much does Praet Tool & Engineering Inc in the United States pay?

Praet Tool & Engineering Inc pays its employees an average of $89,806 per year. The average salary at Praet Tool & Engineering Inc range from $79,100 to $101,344 per year. 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. Do Praet Tool & Engineering Inc employees get a higher salary than its peer company?

The salary at Praet Tool & Engineering Inc is lesser than its peer company. The average annual salary at Praet Tool & Engineering Inc is $89,806, or an hourly wage of $43, in comparison to Crescent Sheet Metal Inc which pays $92,559 per year or $44 per hour.

3. What are the highest paying jobs at Praet Tool & Engineering Inc?

The higher-paying job at Praet Tool & Engineering Inc, according to our data, include President (avg. $695,175 per year), Director, Sales (avg. $164,650 per year), and Manager, Purchasing (avg. $104,703 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Praet Tool & Engineering Inc?

Salary progression with years of experience at Praet Tool & Engineering Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Praet Tool & Engineering Inc vary by office location?

Yes, it's very likely that salaries at Praet Tool & Engineering Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Sterling Heights section provides more context.

6. Does Praet Tool & Engineering Inc offer good benefits?

Praet Tool & Engineering Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Praet Tool & Engineering Inc" section on this page.