Genfor Precision Components Salary

Genfor Precision Components Salary

How much does the Genfor Precision Components Pay for employees?

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As of July 2026, the average weekly salary for employees at Genfor Precision Components in the United States is $1,812. This translates to an approximate annual wage of $94,246. Salaries at Genfor Precision Components typically range from $1,596 to $2,045 weekly, reflecting the diverse roles and experience levels within the company. Genfor Precision Components’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 Genfor Precision Components Pay for Different Roles?

Explore detailed salary information for specific jobs at Genfor Precision Components. 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 Genfor Precision Components

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

Is Genfor Precision Components’s Pay Competitive? Salary Benchmarking Analysis

How does Genfor Precision Components’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
60k
30k
0
Average Salary ($/year)
Genfor Precision Components
MFG Durable
Acorn Custom Cabinets
Innovative Computer Engineering
Industry Comparison
Our data shows that, on average, compensation at Genfor Precision Components is below the average for the U.S. MFG Durable industry by approximately 23%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Genfor Precision Components average annual salary with several similar companies. Genfor Precision Components average salary of $94,246 is lower than Acorn Custom Cabinets, which has an average salary of $95,185. It is lower than Innovative Computer Engineering, with their average salary at $97,284. This places Genfor Precision Components in a developing 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 Genfor Precision Components's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Genfor Precision Components

Considering a career at Genfor Precision Components? 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.
Upper management makes regular rounds and values visibility. This investment in employee development shows they care about our competence and confidence in performing our roles effectively. It’s a place where effort is appreciated and results matter. Our production targets are met consistently, and the workplace feels organized, focused, and well-managed. Everyone knows their role and executes it ...
Commented in March 16, 2025
29
1
Career growth opportunities exist but are competitive. Clear processes and helpful training materials. You’re encouraged to grow your skillset through additional training. I’ve had a great experience working with people who take pride in their work.
Commented in February 28, 2025
18
0
Enjoy working with high-tech machinery. Promotions occur but are infrequent. The company also offers career advancement paths through certifications and internal promotions.
Commented in March 08, 2024
25
3

Genfor Precision Components Overview

Website
www.gen4components.com
Founded In
2009
Employees
<25 employees
Industry
MFG Durable
Headquarter Address
7870 Park Dr Chanhassen Minnesota MN 55317
Revenue
<$5 Million
Phone Number
+1 9529296888
Social Media
About Genfor Precision Components
Genfor Precision Components is a full service CNC machine shop located in Chanhassen, MN. We offer a wide variety of manufacturing services including CNC Turning, Swiss Machining, CNC Milling and Abrasive Machining. We specialize in moderate to high volume turned products, and are committed to manufacturing to net shape in a single operation. With our experience in the manufacturing industry, we b

What Benefits Does Genfor Precision Components Offer Beyond Salary?

A competitive compensation package is more than just a salary. Genfor Precision Components 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Genfor Precision Components.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Genfor Precision Components, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Genfor Precision Components salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Genfor Precision Components

1. What is the typical salary range (low to high) for most roles at Genfor Precision Components?

The typical annual salary range for most roles at Genfor Precision Components is approximately from $83,012 to $106,343. 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. How much does Genfor Precision Components pay compared to Acorn Custom Cabinets?

The average annual salary at Genfor Precision Components is $94,246, or an hourly wage of $45, in comparison to Acorn Custom Cabinets which pays $95,185 per year or $46 per hour.

3. Do salaries differ significantly between departments at Genfor Precision Components?

Yes, salaries often differ between departments at Genfor Precision Components due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Genfor Precision Components?

Experience level is a significant factor in determining salary at Genfor Precision Components, 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.

5. How can I determine if a salary offer from Genfor Precision Components in Minneapolis is fair given the local cost of living?

To determine if a salary offer from Genfor Precision Components in Minneapolis is fair, first compare the gross salary to our data for similar roles at Genfor Precision Components and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.

6. What are the key factors that influence salary levels at Genfor Precision Components?

Several key factors influence salary levels at Genfor Precision Components. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Genfor Precision Components likely benchmarks its salaries against other companies in the MFG Durable sector. You can explore how these factors play out in our detailed salary data.

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