Schmid Tool Salary

Schmid Tool Salary

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As of July 2026, the average annual salary for employees at Schmid Tool in the United States is $98,824. This translates to an approximate hourly wage of $48. Salaries at Schmid Tool typically range from $86,989 to $111,599 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Schmid Tool

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

Is Schmid Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Schmid Tool'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
Quality Circuit Assembly Inc $119,941
+21.4%
Driven by niche technical certifications required for Quality Circuit Assembly Inc's specialized projects.
Sensys Networks Inc $114,340
+15.7%
Reflects a supply-demand imbalance for the specific talent Sensys Networks Inc targets.
Board of Trustees Northern California Cement $115,680
+17.1%
Data suggests Board of Trustees Northern California Cement's workforce skews heavily towards veteran, high-tenure roles.
Gulf Machine Shop Inc $84,658
-14.3%
Gulf Machine Shop Inc operates with a leaner overhead structure, impacting base wage offers.
MFG Durable Industry $121,746
+23.2%
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 Schmid Tool's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Schmid Tool

Considering a career at Schmid Tool? 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.
Everyone knows their role and executes it well. Entry-level roles offer decent stability but limited room to grow unless you push for advancement. Great company values and mission. Shift schedules are inconsistent, affecting work-life balance. Processes work but could benefit from periodic review and updates.
Commented in March 27, 2025
39
0
This manufacturing plant runs like a well-oiled machine. The collaborative spirit at truly remarkable. It’s a very inclusive environment where everyone is treated with respect. Leadership is transparent, and roles are clearly defined. Benefits are competitive, including health insurance and retirement plans. Benefits are standard, and leadership changes occasionally disrupt workflow. This openness...
Commented in February 06, 2025
31
0
This company has cultivated an excellent work culture where employees feel genuinely supported and appreciated. What makes this manufacturing company special is its employee-first approach. The work atmosphere is professional, though sometimes rigid.
Commented in January 05, 2024
18
3

Schmid Tool Overview

Website
www.schmidtool.com
Founded In
1943
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
930 N Villa Ave Villa Park Illinois IL 60181
Revenue
$10 Million - $50 Million
Phone Number
+1 6303331733
Social Media
About Schmid Tool
Schmid Tool and Engineering is a third generation, small, woman owned, family business. We have been in business since 1943 in the Chicago area. Having started as a tool and die shop, we have developed over time into a full service CNC contract machine shop. Our specialties have been in machining small castings. We handle many government contracts as the primary and secondary supplier. Our philoso

What Benefits Does Schmid Tool Offer Beyond Salary?

A competitive compensation package is more than just a salary. Schmid Tool 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 Schmid Tool.
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 Schmid Tool, 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 Schmid Tool 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 Schmid Tool

1. What is the average salary for employees at Schmid Tool?

The average annual total compensation for employees at Schmid Tool is approximately $98,824. However, this is an aggregate figure, actual salaries can range significantly, typically from $86,989 to $111,599, depending on factors like job role, experience, and location.

2. How much does Schmid Tool pay compared to Quality Circuit Assembly Inc?

The average annual salary at Schmid Tool is $98,824, or an hourly wage of $48, in comparison to Quality Circuit Assembly Inc which pays $119,941 per year or $58 per hour.

3. What is the lowest salary at Schmid Tool?

The lowest-paying job at Schmid Tool is a Manufacturing Engineering Tech with a salary of $81,423 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Schmid Tool?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Schmid Tool for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Schmid Tool offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?

While some companies offer formal COLA, many, including potentially Schmid Tool, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Schmid Tool?

Most companies, likely including Schmid Tool, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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