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RENCO Encoders Inc Salary

RENCO Encoders Inc Salary

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As of August 2026, the average annual salary for employees at RENCO Encoders Inc in the United States is $98,634. This translates to an approximate hourly wage of $47. Salaries at RENCO Encoders Inc typically range from $86,834 to $111,391 annually, reflecting the diverse roles and experience levels within the company.
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Is RENCO Encoders Inc’s Pay Competitive? Salary Benchmarking Analysis

How does RENCO Encoders 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
The Hollaender Manufacturing Co $92,696
-6.0%
The Hollaender Manufacturing Co likely leverages performance bonuses over the high base salary shown here.
Sri Guru Raghavendra Enterprises $93,740
-5.0%
Normalized for lower cost-of-living zones where Sri Guru Raghavendra Enterprises primarily operates.
Suprema Inc $93,128
-5.6%
Suprema Inc operates with a leaner overhead structure, impacting base wage offers.
Mastercut Tool Corp $87,021
-11.8%
Mastercut Tool Corp focuses strategically on recruiting and training entry-level apprentices.
MFG Durable Industry $121,746
+23.4%
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 RENCO Encoders Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at RENCO Encoders Inc

Considering a career at RENCO Encoders 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.
Communication is clear but sometimes inconsistent. Management is fair and genuinely interested in our well-being, making it a rewarding place to build a career. Some groups collaborate well, others tend to work more independently with minimal communication. There's minimal innovation or excitement.
Commented in March 14, 2025
25
2
Management listens to feedback. The organization values innovation and continuous process improvement, encouraging employees to contribute ideas. There is no limited interaction across departments, and collaboration is emphasized. A positive environment to grow professionally. I like the structured routine. As part of a we're producing essential goods that are used worldwide, impacting countless l...
Commented in February 13, 2025
29
3
Equipment is modern and frequently updated. Equipment is kept in top shape, and maintenance responds quickly when issues arise. Managers are fair, listen well, and promote internally when possible. The company offers reasonable benefits and job stability but can be bureaucratic in decision-making.
Commented in March 23, 2024
34
2

RENCO Encoders Inc Overview

Website
www.renco.com
Founded In
1968
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
333 E State Pkwy Schaumburg Illinois IL 60173
Revenue
$10 Million - $50 Million
Phone Number
+1 8474901191
Social Media
About RENCO Encoders Inc
RENCO Encoders Inc. designs and manufactures high-quality rotary optical encoders for a wide variety of applications. RENCO's primary markets include motor manufacturers, factory automation equipment manufacturers, office automation equipment manufacturers, and medical equipment manufacturers. RENCO is always striving to produce technically excellent products that meet or exceed the needs of their

What Benefits Does RENCO Encoders Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. RENCO Encoders 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 Schaumburg?

Understanding the cost of living near Schaumburg is key to truly evaluating a salary offer or your current compensation at RENCO Encoders Inc.
Schaumburg's Cost of Living Index is approximately 108.2 (8.2% more expensive than US average; 15.4% more than IL average). NW Chicago suburb, major commercial/retail hub (Woodfield Mall), housing costs above US avg. Pace bus. When planning your budget based on a salary from RENCO Encoders Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,000+ A significant portion of RENCO Encoders Inc salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation Pace bus (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $610 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $710+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,740 - $4,250+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of RENCO Encoders Inc

1. How much does a RENCO Encoders Inc employee make?

RENCO Encoders Inc pays its employees an average of $98,634 per year. The average salary at RENCO Encoders Inc range from $86,834 to $111,391 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. Which similar company tend to pay more or less than RENCO Encoders Inc?

The salary at RENCO Encoders Inc is higher than the similar company. The average annual salary at RENCO Encoders Inc is $98,634, or an hourly wage of $47, in comparison to The Hollaender Manufacturing Co which pays $92,696 per year or $45 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at RENCO Encoders Inc?

In many roles at RENCO Encoders 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.

4. How does the cost of living near Schaumburg affect the perceived value of a RENCO Encoders Inc salary?

Schaumburg's Cost of Living Index is approximately 108.2 (8.2% more expensive than US average; 15.4% more than IL average). This significantly impacts the purchasing power of a salary from RENCO Encoders Inc based there. Our "Cost of Living Insights for Schaumburg" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does RENCO Encoders Inc typically offer employees?

RENCO Encoders 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 RENCO Encoders Inc" section on this page.

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