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Velvetech Salary

Velvetech Salary

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As of October 2026, the average annual salary for employees at Velvetech in the United States is $101,072. This translates to an approximate hourly wage of $49. Salaries at Velvetech typically range from $89,177 to $113,955 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Velvetech Pay for Different Roles?

Explore detailed salary information for specific jobs at Velvetech. Based on our data, the highest paying job is the Technology Sales Executive, with an annual salary of $194,874. The table below outlines the annual salary ranges for most popular roles within the company.

Human Resources Specialist

$65,876 / year

Salary Range: $59,339 - $72,982

Human Resources

Shared Technical Service Tier I (NOC Technician I)

$75,832 / year

Salary Range: $59,863 - $99,652

Information Technology

Technology Service Coordinator

$92,764 / year

Salary Range: $78,293 - $106,861

Patient Relations

Project Coordinator, Minneapolis

$83,191 / year

Salary Range: $73,077 - $96,023

Project Planning

Business Technology Advisor

$97,171 / year

Salary Range: $85,648 - $112,022

Technical Sales

Technology Sales Executive

$194,874 / year

Salary Range: $168,175 - $223,685

Sales

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Velvetech.
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About Velvetech: Company Profile

Website
www.velvetech.com
Founded In
2004
Employees
50 - 100 employees
Industry
Software & Networking
Headquarter Location
NORTHBROOK
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About VELVETECH
Velvetech is a provider of custom ERP, CRM and IoT software development and implementation services.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Velvetech's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Communication from upper management is clear and consistent. The company has a fantastic culture and values employee input. The company follows fair policies, and the team is cooperative. Steady job with reasonable expectations.
Commented in March 08, 2025
43
1
It’s a great place for those who want stability and growth in wholesale/retail. Learned a lot in a short time. The work culture is inclusive, and teamwork is emphasized. Definitely a positive workplace.
Commented in August 02, 2024
21
0
It’s a decent place to grow if you’re looking for steady employment in retail. Coworkers are collaborative, and there’s a strong emphasis on teamwork. The work is meaningful, and the team is collaborative. Great workplace with a focus on employee development. The culture is energetic and supportive. It’s a dependable retail job. The location is convenient, and the facilities are well-maintained.
Commented in June 14, 2024
10
0
Communication is clear, and the workload is reasonable. The role a predictable routine. Overall, it’s a great place to build a career if you’re motivated and enjoy a dynamic environment. The office spaces (and stores) are well-maintained, creating a pleasant atmosphere.
Commented in March 20, 2024
15
0

How Velvetech's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Velvetech’s pay competitiveness. Click on a company for a deeper dive.

Is Velvetech’s Pay Competitive? Salary Benchmarking Analysis

How does Velvetech'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
VANRISH $93,943
-7.1%
Normalized for lower cost-of-living zones where VANRISH primarily operates.
VANGUARD APPRAISALS $91,463
-9.5%
VANGUARD APPRAISALS may offer non-monetary perks in lieu of competitive base salaries.
VERB TECHNOLOGY COMPANY, INC. $106,542
+5.4%
Influenced by prevailing union wage agreements specific to VERB TECHNOLOGY COMPANY, INC.'s sector.
VANTIQ $116,501
+15.3%
Driven by niche technical certifications required for VANTIQ's specialized projects.
Software & Networking Industry $126,859
+25.5%
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.

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 Velvetech.
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 Velvetech, 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 Velvetech 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.

Most Common Questions About Velvetech

FAQ 1: What is the typical salary range (low to high) for most roles at Velvetech?
The typical annual salary range for most roles at Velvetech is approximately from $89,177 to $113,955. 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.
FAQ 2: How much does Velvetech pay compared to VANRISH?
The average annual salary at Velvetech is $101,072, or an hourly wage of $49, in comparison to VANRISH which pays $93,943 per year or $45 per hour.
FAQ 3: How does experience level affect salary at Velvetech?
Experience level is a significant factor in determining salary at Velvetech, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.
FAQ 4: How can I determine if a salary offer from Velvetech in Chicago is fair given the local cost of living?
To determine if a salary offer from Velvetech in Chicago is fair, first compare the gross salary to our data for similar roles at Velvetech and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.
FAQ 5: What factors influence salary increases at Velvetech?
Salary increases at Velvetech are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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