Precision Tool Technologies, Inc. Salary

Precision Tool Technologies, Inc. pays its employees an average of $83,496 per year. The average salary at Precision Tool Technologies, Inc. range from $73,589 to $94,401 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.

The salary at Precision Tool Technologies, Inc. is lesser than the similar company. The average annual salary at Precision Tool Technologies, Inc. is $83,496, or an hourly wage of $40, in comparison to PHILLIPS SAFETY PRODUCTS, INC. which pays $98,339 per year or $47 per hour.

In many roles at Precision Tool Technologies, Inc., particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Precision Tool Technologies, Inc. based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

Precision Tool Technologies, Inc. generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Precision Tool Technologies, Inc." section on this page.