Hegman Machine Tool Inc Salary

Hegman Machine Tool Inc Salary

How much does the Hegman Machine Tool Inc Pay for employees?

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As of July 2026, the average annual salary for employees at Hegman Machine Tool Inc in the United States is $96,177. This translates to an approximate hourly wage of $46. Salaries at Hegman Machine Tool Inc typically range from $84,699 to $108,575 annually, reflecting the diverse roles and experience levels within the company. Hegman Machine Tool 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.
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Current Job Openings at Hegman Machine Tool Inc

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

Is Hegman Machine Tool Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Hegman Machine Tool 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)
Hegman Machine Tool Inc
MFG Durable
Supera Fulfillment
Yamuna Industries
Industry Comparison
Our data shows that, on average, compensation at Hegman Machine Tool Inc is below the average for the U.S. MFG Durable industry by approximately 21%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Hegman Machine Tool Inc average annual salary with several similar companies. Hegman Machine Tool Inc average salary of $96,177 is higher than Supera Fulfillment, which has an average salary of $93,962. It is higher than Yamuna Industries, with their average salary at $87,981. This places Hegman Machine Tool Inc in a competitive position among its peers.
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How Hegman Machine Tool Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Hegman Machine Tool Inc

Considering a career at Hegman Machine Tool 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.
The workplace culture is straightforward but may feel inflexible to some. Management fosters an open culture where ideas for process enhancements are welcomed and acted upon. Employees are involved in decisions, and the workplace culture promotes learning and shared responsibility at every level. The company also offers good training programs and encourages employees to develop new skills.
Commented in June 01, 2025
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Overall, it’s a dynamic, supportive, and rewarding work environment. There’s minimal innovation, but the company functions reliably. It’s a predictable job that works well for those seeking structure and reliability rather than advancement. Performance expectations are fair, but the pace can drag during seasons. I’ve worked here for years and still learn something new regularly. 25% rejection rate...
Commented in January 04, 2025
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The work environment is collaborative, with teams working closely to meet production goals efficiently. Training opportunities exist but can be inconsistent and generic. Problem-solving is encouraged and supported.
Commented in March 28, 2024
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Hegman Machine Tool Inc Overview

Website
www.hegmanmachine.com
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
MFG Durable
Headquarter Address
8718 Monticello Ln N Maple Grove Minnesota MN 55369
Revenue
<$5 Million
Phone Number
+1 7634245622
Social Media
About Hegman Machine Tool Inc
Hegman Machine Tool Inc is a company that operates in the Machinery industry. It employs 21-50 people and has $1M-$5M of revenue. The company is headquartered in Maple Grove, Minnesota.

What Benefits Does Hegman Machine Tool Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Hegman Machine Tool 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Hegman Machine Tool Inc.
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 Hegman Machine Tool Inc, 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 Hegman Machine Tool Inc 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 Hegman Machine Tool Inc

1. How much does a Hegman Machine Tool Inc employee make?

Hegman Machine Tool Inc pays its employees an average of $96,177 per year. The average salary at Hegman Machine Tool Inc range from $84,699 to $108,575 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. Which similar company tend to pay more or less than Hegman Machine Tool Inc?

The salary at Hegman Machine Tool Inc is higher than the similar company. The average annual salary at Hegman Machine Tool Inc is $96,177, or an hourly wage of $46, in comparison to Supera Fulfillment which pays $93,962 per year or $45 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at Hegman Machine Tool Inc?

In many roles at Hegman Machine Tool Inc, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near Minneapolis affect the perceived value of a Hegman Machine Tool Inc salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Hegman Machine Tool Inc based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does Hegman Machine Tool Inc typically offer employees?

Hegman Machine Tool Inc generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Hegman Machine Tool Inc" section on this page.

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