Precision Tools Service Inc Salary

Precision Tools Service Inc Salary

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As of August 2026, the average annual salary for employees at Precision Tools Service Inc in the United States is $92,822. This translates to an approximate hourly wage of $45. Salaries at Precision Tools Service Inc typically range from $81,574 to $105,099 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Precision Tools Service Inc

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

Is Precision Tools Service Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Precision Tools Service 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
Best Chuck Inc $117,705
+26.8%
Data suggests Best Chuck Inc's workforce skews heavily towards veteran, high-tenure roles.
EJKnight Scrap Material Co Inc - Inc $85,565
-7.8%
EJKnight Scrap Material Co Inc - Inc may offer non-monetary perks in lieu of competitive base salaries.
Keyes Toyota $111,777
+20.4%
Adjusted for higher cost-of-living indices in Keyes Toyota's primary metro hubs.
Meadowland Farmers Coop $88,593
-4.6%
Reflects market rates for standard general contracting, differing from specialized roles.
Retail & Wholesale Industry $123,318
+32.9%
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 Precision Tools Service Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Precision Tools Service Inc

Considering a career at Precision Tools Service 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 enjoy working here because of the people and the positive culture. Flexible scheduling options make balancing work and personal life easier. The training programs are excellent, and advancement opportunities are clear. While there aren’t many flashy perks, the job provides stability and a predictable schedule. It’s a dependable employer for those in wholesale and retail.
Commented in April 03, 2025
14
2
I’ve been able to grow professionally while feeling supported. This company truly invests in its employees. The Retail side is busy but rewarding, and the company offers good perks. The benefits package is solid, and the work culture is positive. Training is provided, and supervisors are available for questions.
Commented in March 30, 2025
24
0
Managers are open to feedback, and teamwork is strong. The company also offers tuition reimbursement, which is a huge plus. Team collaboration is strong, and there are plenty of opportunities for career advancement.
Commented in March 01, 2025
43
1
Overall, I’d highly recommend this company to anyone looking for stability and growth in Retail & Wholesale. Management keeps employees informed about company updates. Hours fit my schedule well. The company provides excellent support for career development. The management team is transparent about company goals, which helps with alignment. The pay is on par with industry standards. Enjoy the dail...
Commented in August 31, 2024
18
0
I’ve had opportunities to grow and feel valued for my contributions. The company provides a stable work environment with clear expectations. The company offers great work-life balance and solid benefits.
Commented in January 03, 2024
40
0

Precision Tools Service Inc Overview

Website
www.ptservice.com
Founded In
1988
Employees
100 - 200 employees
Industry
Retail & Wholesale
Headquarter Address
2426 Norcross Dr Columbus Indiana IN 47201
Revenue
$10 Million - $50 Million
Phone Number
+1 8123421234
Social Media
About Precision Tools Service Inc
Founded in 1988 and headquartered in Columbus, Indiana, Precision Tools Service offers machine and power tools, measuring equipment, drills, taps, holders, cutters, abrasives, bearings, conduction, conveyors, and more.

What Benefits Does Precision Tools Service Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Precision Tools Service 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 Indianapolis?

Understanding the cost of living near Indianapolis is key to truly evaluating a salary offer or your current compensation at Precision Tools Service Inc.
Indianapolis' Cost of Living Index is approximately 83.5 (16.5% less expensive than US average; 7.8% less than IN average). State capital, affordable housing, growing downtown. IndyGo bus. When planning your budget based on a salary from Precision Tools Service 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 Precision Tools Service Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (IndyGo monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,240 - $3,510+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Precision Tools Service Inc

1. What is the estimated average total compensation at Precision Tools Service Inc?

Salary.com estimates that the average total compensation package at Precision Tools Service Inc, which can include base salary, potential bonuses, and benefits, is around $92,822 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Precision Tools Service Inc pay compared to Best Chuck Inc?

The average annual salary at Precision Tools Service Inc is $92,822, or an hourly wage of $45, in comparison to Best Chuck Inc which pays $117,705 per year or $57 per hour.

3. Do salaries differ significantly between departments at Precision Tools Service Inc?

Yes, salaries often differ between departments at Precision Tools Service 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 Precision Tools Service Inc?

Salary progression from an entry-level to a senior role at Precision Tools Service 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 Precision Tools Service Inc in Indianapolis is fair given the local cost of living?

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

6. Are promotions at Precision Tools Service Inc usually accompanied by a significant salary increase?

Yes, promotions at Precision Tools Service 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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