Formic Technologies Inc Salary

How much does the Formic Technologies Inc Pay for employees?

As of July 2026, the average annual salary for employees at Formic Technologies Inc in the United States is $97,917. This translates to an approximate hourly wage of $47. Salaries at Formic Technologies Inc typically range from $86,201 to $110,562 annually, reflecting the diverse roles and experience levels within the company. Formic Technologies 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 Formic Technologies Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Formic Technologies 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.
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Current Job Openings at Formic Technologies Inc

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

Is Formic Technologies Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Formic Technologies 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
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Average Salary ($/year)
Formic Technologies Inc
MFG Durable
SiGNa Chemistry Inc
Mast Technology Inc
Industry Comparison
Our data shows that, on average, compensation at Formic Technologies Inc is below the average for the U.S. MFG Durable industry by approximately 20%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Formic Technologies Inc average annual salary with several similar companies. Formic Technologies Inc average salary of $97,917 is lower than SiGNa Chemistry Inc, which has an average salary of $111,524. It is higher than Mast Technology Inc, with their average salary at $87,475. This places Formic Technologies 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.

Employee Reviews: Working at Formic Technologies Inc

Considering a career at Formic Technologies 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.
Shift work schedules can be demanding and affect work-life balance. Training is effective, and advancement is possible for those who show initiative. Teamwork is highly encouraged here. The role provides consistent pay and predictable hours. The company provides solid job stability and encourages employee input.
This organization offers employees a stable and well-structured manufacturing environment focused on safety and quality. A good entry point for manufacturing work, though long-term advancement may be limited. Equipment is reliable, but software updates are rare. Opportunities for advancement and strong leadership make work enjoyable. There's a strong sense of pride in production quality, and emplo...
Clear communication from leadership fosters trust and transparency. The company's evident, consistent, and ongoing commitment to ensuring employee satisfaction within all our creative departments is truly wonderful and highly appreciated. Employees are provided with the tools and training needed to succeed. Cross-training opportunities allow employees to develop diverse skills across different pro...

Formic Technologies Inc Overview

Website
www.formic.co
Founded In
2020
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
445 W Erie St Chicago Illinois IL 60654
Revenue
$5 Million - $10 Million
Phone Number
+1 8444367642
Social Media
About Formic Technologies Inc
Founded in September of 2020, Formic is a one-stop-shop for automation. The Chicago-based "Robotics-as-a-Service" company delivers customized robots at a low hourly rate with no money upfront and guaranteed uptime. Its full service includes everything from planning, deployment, to maintenance, all in an easy, no-risk fashion.

What Benefits Does Formic Technologies Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Formic Technologies 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Formic Technologies Inc.
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 Formic Technologies Inc, 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 Formic Technologies Inc 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 Formic Technologies Inc

1. What is the average salary for employees at Formic Technologies Inc?

The average annual total compensation for employees at Formic Technologies Inc is approximately $97,917. However, this is an aggregate figure, actual salaries can range significantly, typically from $86,201 to $110,562, depending on factors like job role, experience, and location.

2. How much does Formic Technologies Inc pay compared to SiGNa Chemistry Inc?

The average annual salary at Formic Technologies Inc is $97,917, or an hourly wage of $47, in comparison to SiGNa Chemistry Inc which pays $111,524 per year or $54 per hour.

3. What is the lowest salary at Formic Technologies Inc?

The lowest-paying job at Formic Technologies Inc is a HR Generalist with a salary of $68,596 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 Formic Technologies Inc?

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 Formic Technologies Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

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

While some companies offer formal COLA, many, including potentially Formic Technologies Inc, 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 Formic Technologies Inc?

Most companies, likely including Formic Technologies Inc, 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.