Ferrotec Salary

Ferrotec Salary

How much does the Ferrotec Pay for employees?

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As of August 2026, the average hourly salary for employees at Ferrotec in the United States is $59. This translates to an approximate annual wage of $121,777. Salaries at Ferrotec typically range from $52 to $66 hourly, reflecting the diverse roles and experience levels within the company. Ferrotec’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 Ferrotec

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Is Ferrotec’s Pay Competitive? Salary Benchmarking Analysis

How does Ferrotec’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Ferrotec
MFG Durable
Silicon Magic Corp
Erisman Co. Inc
Industry Comparison
Our data shows that, on average, compensation at Ferrotec is above the average for the U.S. MFG Durable industry . This positioning suggests their pay is competitive within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Ferrotec average annual salary with several similar companies. Ferrotec average salary of $121,777 is higher than Silicon Magic Corp, which has an average salary of $120,215. It is higher than Erisman Co. Inc, with their average salary at $93,940. This places Ferrotec in a competitive position among its peers.
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Companies Similar to Ferrotec and Their Hourly Pay Rates

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

Employee Reviews: Working at Ferrotec

Considering a career at Ferrotec? 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.
They also genuinely care about employee input, often implementing suggestions from the shop floor. The benefits package includes health insurance, retirement plans, and wellness initiatives. Management provides regular updates, though feedback is usually surface-level. Training is decent but basic.
Commented in May 29, 2025
48
3
It's a place where you feel respected and your contributions are genuinely appreciated by both peers and supervisors. It’s a decent place for steady but unremarkable work. The facilities are clean, well-organized and equipped with advanced automation.
Commented in January 14, 2025
36
3
The operations are efficient, and innovation is welcomed at all levels. Communication from management is formal but sometimes lacks transparency. Benefits are robust, including health insurance, paid time off, and retirement plans. It's a strong, dependable environment for anyone interested in stable, hands-on manufacturing work with growth opportunities. Leadership communicates clearly about comp...
Commented in September 11, 2024
37
3
New ideas are welcomed by leadership. Most employees perform well, but turnover in some roles disrupts consistency. Communication between teams is transparent, schedules are realistic, and leadership adapts quickly. They clearly invest in maintaining a good workspace, which reflects their respect for the employees and the work we do.
Commented in April 01, 2024
12
3

Ferrotec Overview

Website
www.ferrotec-global.com
Founded In
Data pending, update soon.
Employees
100 - 200 employees
Industry
MFG Durable
Headquarter Address
3945 Freedom Cir Santa Clara California CA 95054
Revenue
$10 Million - $50 Million
Phone Number
+1 4082357618
Social Media
About Ferrotec
Ferrotec is a company that operates in the Computer Hardware industry. It employs 101-250 people and has $10M-$25M of revenue. The company is headquartered in Santa Clara, California.

What Benefits Does Ferrotec Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ferrotec 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 Santa Clara?

Understanding the cost of living near Santa Clara is key to truly evaluating a salary offer or your current compensation at Ferrotec.
Santa Clara's Cost of Living Index is approximately 225.3 (125.3% more expensive than US average; 61.2% more than CA average). Heart of Silicon Valley, astronomical housing costs driven by tech industry, extremely high overall expenses. When planning your budget based on a salary from Ferrotec, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,900 - $4,600+ A significant portion of Ferrotec salary. Location choices impact this heavily.
Utilities (Basic) $180 - $300 Electricity, Heating, Cooling, Water etc.
Public Transportation $80 (VTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $520 - $820 Can be higher with more dining out or specialty stores.
Personal & Leisure $600 - $1,200+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,700 - $7,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ferrotec

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

The typical salary range for most roles at Ferrotec is approximately from $52 to $66 per hour. 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 Ferrotec pay compared to Silicon Magic Corp?

The average annual salary at Ferrotec is $121,777, or an hourly wage of $59, in comparison to Silicon Magic Corp which pays $120,215 per year or $58 per hour.

3. How does experience level affect salary at Ferrotec?

Experience level is a significant factor in determining salary at Ferrotec, 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.

4. How can I determine if a salary offer from Ferrotec in Santa Clara is fair given the local cost of living?

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

5. What factors influence salary increases at Ferrotec?

Salary increases at Ferrotec 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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