Schmid Tool Salary

Schmid Tool Salary

How much does the Schmid Tool Pay for employees?

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As of August 2026, the average hourly salary for employees at Schmid Tool in the United States is $48. This translates to an approximate annual wage of $98,824. Salaries at Schmid Tool typically range from $42 to $54 hourly, reflecting the diverse roles and experience levels within the company. Schmid Tool’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 Schmid Tool Pay for Different Roles?

Explore detailed salary information for specific jobs at Schmid Tool. 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 Schmid Tool

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

Is Schmid Tool’s Pay Competitive? Salary Benchmarking Analysis

How does Schmid Tool’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)
Schmid Tool
MFG Durable
Quality Circuit Assembly Inc
Sensys Networks Inc
Industry Comparison
Our data shows that, on average, compensation at Schmid Tool is below the average for the U.S. MFG Durable industry by approximately 19%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Schmid Tool average annual salary with several similar companies. Schmid Tool average salary of $98,824 is lower than Quality Circuit Assembly Inc, which has an average salary of $119,941. It is lower than Sensys Networks Inc, with their average salary at $114,340. This places Schmid Tool 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.

Companies Similar to Schmid Tool and Their Hourly Pay Rates

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

Employee Reviews: Working at Schmid Tool

Considering a career at Schmid Tool? 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.
Everyone knows their role and executes it well. Entry-level roles offer decent stability but limited room to grow unless you push for advancement. Great company values and mission. Shift schedules are inconsistent, affecting work-life balance. Processes work but could benefit from periodic review and updates.
Commented in March 27, 2025
39
0
This manufacturing plant runs like a well-oiled machine. The collaborative spirit at truly remarkable. It’s a very inclusive environment where everyone is treated with respect. Leadership is transparent, and roles are clearly defined. Benefits are competitive, including health insurance and retirement plans. Benefits are standard, and leadership changes occasionally disrupt workflow. This openness...
Commented in February 06, 2025
31
0
This company has cultivated an excellent work culture where employees feel genuinely supported and appreciated. What makes this manufacturing company special is its employee-first approach. The work atmosphere is professional, though sometimes rigid.
Commented in January 05, 2024
18
3

Schmid Tool Overview

Website
www.schmidtool.com
Founded In
1943
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
930 N Villa Ave Villa Park Illinois IL 60181
Revenue
$10 Million - $50 Million
Phone Number
+1 6303331733
Social Media
About Schmid Tool
Schmid Tool and Engineering is a third generation, small, woman owned, family business. We have been in business since 1943 in the Chicago area. Having started as a tool and die shop, we have developed over time into a full service CNC contract machine shop. Our specialties have been in machining small castings. We handle many government contracts as the primary and secondary supplier. Our philoso

What Benefits Does Schmid Tool Offer Beyond Salary?

A competitive compensation package is more than just a salary. Schmid Tool 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 Schmid Tool.
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 Schmid Tool, 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 Schmid Tool 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 Schmid Tool

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

The typical salary range for most roles at Schmid Tool is approximately from $42 to $54 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 Schmid Tool pay compared to Quality Circuit Assembly Inc?

The average annual salary at Schmid Tool is $98,824, or an hourly wage of $48, in comparison to Quality Circuit Assembly Inc which pays $119,941 per year or $58 per hour.

3. Do salaries differ significantly between departments at Schmid Tool?

Yes, salaries often differ between departments at Schmid Tool 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 Schmid Tool?

Experience level is a significant factor in determining salary at Schmid Tool, 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 Schmid Tool in Chicago is fair given the local cost of living?

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

6. What factors influence salary increases at Schmid Tool?

Salary increases at Schmid Tool 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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