Innovative Laser Technologies Inc Salary

How much does the Innovative Laser Technologies Inc Pay for employees?

As of July 2026, the average annual salary for employees at Innovative Laser Technologies Inc in the United States is $99,668. This translates to an approximate hourly wage of $48. Salaries at Innovative Laser Technologies Inc typically range from $87,741 to $112,562 annually, reflecting the diverse roles and experience levels within the company. Innovative Laser 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 Innovative Laser Technologies Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Innovative Laser 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 Innovative Laser Technologies Inc

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

Is Innovative Laser Technologies Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Innovative Laser 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)
Innovative Laser Technologies Inc
MFG Durable
Croix Industries LLC
Action Coupling & Equipment Inc
Industry Comparison
Our data shows that, on average, compensation at Innovative Laser Technologies Inc is below the average for the U.S. MFG Durable industry by approximately 18%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Innovative Laser Technologies Inc average annual salary with several similar companies. Innovative Laser Technologies Inc average salary of $99,668 is higher than Croix Industries LLC, which has an average salary of $98,771. It is higher than Action Coupling & Equipment Inc, with their average salary at $89,342. This places Innovative Laser Technologies Inc in a competitive position among its peers.
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Employee Reviews: Working at Innovative Laser Technologies Inc

Considering a career at Innovative Laser 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.
However, the environment feels a bit disconnected at times. I value the positive and motivating atmosphere that this company has fostered. Management encourages professional growth and offers frequent training programs. Strong workforce, the company maintains a robust culture of operational excellence and continuous improvement. Recognition programs celebrate hard work regularly. The employee reco...
Workload can fluctuate, causing occasional stress during peak seasons. Shift schedules vary and may cause fatigue. We meet production goals thanks to well-maintained equipment, competent leadership, and focused teamwork. The pace can be repetitive depending on your station. What stands out is the structured training process and continued mentorship.
The company maintains reasonable benefits and stable work but offers limited growth opportunities. 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 committed, but there's a lack of team-building or cross-training opportunities. The equipment is modern, and safety ...
Recognition programs motivate and reward hard work consistently. A very positive environment for learning and contributing to meaningful work. The work environment is positive and collaborative, with regular recognition of employee contributions.

Innovative Laser Technologies Inc Overview

Website
www.innovativelaserdesign.com
Founded In
2014
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
5110 Main St NE Minneapolis Minnesota MN 55421
Revenue
$10 Million - $50 Million
Phone Number
+1 7635747374
Social Media
About Innovative Laser Technologies Inc
Founded in 1998, Innovative Laser Technologies is a designer and fabricator of custom laser workstations used to produce high-value, mission-critical components for numerous industries, including medical device, defense, energy and aerospace. The company is based in Minneapolis, Minnesota.

What Benefits Does Innovative Laser Technologies Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Innovative Laser 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Innovative Laser Technologies 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 Innovative Laser Technologies 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 Innovative Laser Technologies 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 Innovative Laser Technologies Inc

1. How much does Innovative Laser Technologies Inc in the United States pay?

Innovative Laser Technologies Inc pays its employees an average of $99,668 per year. The average salary at Innovative Laser Technologies Inc range from $87,741 to $112,562 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. Do Innovative Laser Technologies Inc employees get a higher salary than its peer company?

The salary at Innovative Laser Technologies Inc is higher than its peer company. The average annual salary at Innovative Laser Technologies Inc is $99,668, or an hourly wage of $48, in comparison to Croix Industries LLC which pays $98,771 per year or $47 per hour.

3. What are the highest paying jobs at Innovative Laser Technologies Inc?

The higher-paying job at Innovative Laser Technologies Inc, according to our data, include Chief Financial Officer (avg. $402,236 per year), Principal Electrical Engineer (avg. $152,653 per year), and Project Manager (avg. $105,669 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Innovative Laser Technologies Inc?

Salary progression with years of experience at Innovative Laser Technologies Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Innovative Laser Technologies Inc vary by office location?

Yes, it's very likely that salaries at Innovative Laser Technologies Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Minneapolis section provides more context.

6. Does Innovative Laser Technologies Inc offer good benefits?

Innovative Laser Technologies Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Innovative Laser Technologies Inc" section on this page.