Faretec Inc Salary

Faretec Inc Salary

How much does the Faretec Inc Pay for employees?

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As of July 2026, the average annual salary for employees at Faretec Inc in the United States is $90,892. This translates to an approximate hourly wage of $44. Salaries at Faretec Inc typically range from $80,071 to $102,648 annually, reflecting the diverse roles and experience levels within the company. Faretec Inc’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Faretec Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Faretec Inc. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Faretec Inc

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

Is Faretec Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Faretec Inc’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
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30k
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Average Salary ($/year)
Faretec Inc
Biotechnology
Juneau Biosciences LLC
Volk Protective Products
Industry Comparison
Our data shows that, on average, compensation at Faretec Inc is below the average for the U.S. Biotechnology industry by approximately 30%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Faretec Inc average annual salary with several similar companies. Faretec Inc average salary of $90,892 is higher than Juneau Biosciences LLC, which has an average salary of $89,521. It is lower than Volk Protective Products, with their average salary at $92,991. This places Faretec Inc in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Faretec Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Faretec Inc

Considering a career at Faretec 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.
Leadership maintains a professional tone, with limited interaction. It’s rewarding to contribute to projects that make a real difference in people’s lives globally. Employee wellness programs and flexible policies make work-life balance achievable. The culture supports deep focus, yet celebrates teamwork and shared progress. Highly collaborative and scientifically rigorous.
Commented in April 28, 2025
46
3
I appreciate the open and inclusive culture this company fosters. The company actively encourages continuous learning and skill enhancement, demonstrating a real investment in employee growth and career progression within the dynamic biotechnology sector, ensuring we stay competitive. It’s a workplace best suited for individuals seeking job stability, industry experience, and a respectful culture ...
Commented in April 06, 2025
24
0
Benefits are generous, including wellness stipends and employee assistance programs. My colleagues are brilliant and supportive. Work-life balance respected despite research demands. Management encourages continuous learning and provides funding for skill development.
Commented in January 16, 2025
27
3

Faretec Inc Overview

Website
www.faretec.com
Founded In
1991
Employees
<25 employees
Industry
Biotechnology
Headquarter Address
1610 W Jackson St Painesville Ohio OH 44077
Revenue
<$5 Million
Phone Number
+1 4403509510
Social Media
About Faretec Inc
FareTec, Inc. is a Medical device manufacturer, founded in 1991. Our facility is located in Painesville OH, 20 miles East of Cleveland. We specialize in devices for pre-hospital care both in the civilian and military markets, domestically and abroad. For years, the company's primary focus has been on splints and various immobilization devices. The QD-4, Hare style leg traction splint, has been an

What Benefits Does Faretec Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Faretec 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 Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Faretec Inc.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Faretec Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Faretec Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Faretec Inc

1. How much does Faretec Inc in the United States pay?

Faretec Inc pays its employees an average of $90,892 per year. The average salary at Faretec Inc range from $80,071 to $102,648 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. Do Faretec Inc employees get a higher salary than its peer company?

The salary at Faretec Inc is higher than its peer company. The average annual salary at Faretec Inc is $90,892, or an hourly wage of $44, in comparison to Juneau Biosciences LLC which pays $89,521 per year or $43 per hour.

3. How much does salary increase with years of experience at Faretec Inc?

Salary progression with years of experience at Faretec Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at Faretec Inc vary by office location?

Yes, it's very likely that salaries at Faretec Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Cleveland section provides more context.

5. Does Faretec Inc offer good benefits?

Faretec Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Faretec Inc" section on this page.

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