Ostrem Tool Co Salary

Ostrem Tool Co Salary

How much does the Ostrem Tool Co Pay for employees?

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As of August 2026, the average hourly salary for employees at Ostrem Tool Co in the United States is $43. This translates to an approximate annual wage of $89,742. Salaries at Ostrem Tool Co typically range from $38 to $49 hourly, reflecting the diverse roles and experience levels within the company. Ostrem Tool Co’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 Ostrem Tool Co Pay for Different Roles?

Explore detailed salary information for specific jobs at Ostrem Tool Co. 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 Ostrem Tool Co

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

Is Ostrem Tool Co’s Pay Competitive? Salary Benchmarking Analysis

How does Ostrem Tool Co’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
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Ostrem Tool Co
MFG Durable
Pi Tape Texas LLC
Solid Surface Craftsman Inc
Industry Comparison
Our data shows that, on average, compensation at Ostrem Tool Co is below the average for the U.S. MFG Durable industry by approximately 26%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Ostrem Tool Co average annual salary with several similar companies. Ostrem Tool Co average salary of $89,742 is higher than Pi Tape Texas LLC, which has an average salary of $86,483. It is lower than Solid Surface Craftsman Inc, with their average salary at $96,082. This places Ostrem Tool Co in a mid-range 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 Ostrem Tool Co and Their Hourly Pay Rates

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

Employee Reviews: Working at Ostrem Tool Co

Considering a career at Ostrem Tool Co? 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 relatively it means you get to know everyone, fostering a strong sense of camaraderie. Working at this manufacturing plant has been an incredibly rewarding experience. The team-oriented culture fosters strong collaboration and respect among coworkers. At this manufacturing facility, teamwork and safety are top priorities. Work-life balance is respected through predictable scheduling and reason...
Commented in April 07, 2025
45
0
Excellent quality standards across production. Managers are often on the floor, talking to employees and understanding the day-to-day operations. The footprint provides stability while maintaining a culture where individuals matter. The culture encourages continuous improvement, and new ideas are welcomed. Training is strong, safety is a priority, and leadership promotes accountability. Morale rem...
Commented in March 27, 2025
12
3
Facilities are designed with worker comfort in mind, including good ventilation and noise control measures. Leadership is visible but doesn’t always follow through quickly on suggestions or feedback. Training exists but can be uneven across departments. There’s no major issue, but no clear standouts either in terms of innovation or engagement.
Commented in January 09, 2025
23
0
Communication is average, with occasional lapses. Safety is paramount here, and it shows in everything we do. The environment is quiet and focused. Career progression exists but is influenced by seniority. Clear communication streamlines operations effectively.
Commented in September 27, 2024
16
1
Communication from leadership is polite but often limited to essential updates. Production is steady but occasionally impacted by minor delays. This company values its people and it shows. I feel like my work matters here.
Commented in March 16, 2024
44
0

Ostrem Tool Co Overview

Website
www.ostremtool.com
Founded In
1989
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Address
205 Inman Rd Lyman South Carolina SC 29365
Revenue
$10 Million - $50 Million
Phone Number
+1 8648797451
Social Media
About Ostrem Tool Co
Ostrem Tool Company is a leading manufacturer of round shank solid carbide cutting tools manufactured to the highest quality for the metalworking, automotive, and aerospace industries. At Ostrem, our reputation is our most valuable asset. In the real world of high-tech machining and space-age alloys, it is important to partner with a "Quality" carbide tool manufacturer. Our new 36,000 square foot

What Benefits Does Ostrem Tool Co Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ostrem Tool Co 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 Columbia?

Understanding the cost of living near Columbia is key to truly evaluating a salary offer or your current compensation at Ostrem Tool Co.
Columbia's Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 6.1% less than SC average). State capital (Univ. of SC, Fort Jackson), affordable housing. COMET bus. When planning your budget based on a salary from Ostrem Tool Co, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Ostrem Tool Co salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (COMET monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,280 - $3,620+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ostrem Tool Co

1. What is the average salary for employees at Ostrem Tool Co?

The average total compensation for employees at Ostrem Tool Co is approximately $43 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $38 to $49 per hour, depending on factors like job role, experience, and location.

2. How much does Ostrem Tool Co pay compared to Pi Tape Texas LLC?

The average annual salary at Ostrem Tool Co is $89,742, or an hourly wage of $43, in comparison to Pi Tape Texas LLC which pays $86,483 per year or $42 per hour.

3. What is the lowest salary at Ostrem Tool Co?

The lowest-paying job at Ostrem Tool Co is an Inside Sales and Customer Service with a salary of $44,968 per hour. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Ostrem Tool Co?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Ostrem Tool Co for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Ostrem Tool Co offer cost-of-living adjustments (COLA) for employees in high-cost areas like Columbia?

While some companies offer formal COLA, many, including potentially Ostrem Tool Co, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Ostrem Tool Co?

Most companies, likely including Ostrem Tool Co, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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