Parsec Labs Salary

Parsec Labs Salary

How much does the Parsec Labs Pay for employees?

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As of August 2026, the average hourly salary for employees at Parsec Labs in the United States is $49. This translates to an approximate annual wage of $102,896. Salaries at Parsec Labs typically range from $44 to $56 hourly, reflecting the diverse roles and experience levels within the company. Parsec Labs’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 Parsec Labs Pay for Different Roles?

Explore detailed salary information for specific jobs at Parsec Labs. 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.
How accurate does the salary look to you?

Current Job Openings at Parsec Labs

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

Is Parsec Labs’s Pay Competitive? Salary Benchmarking Analysis

How does Parsec Labs’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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150k
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30k
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Average Salary ($/year)
Parsec Labs
Software & Networking
Mccoy Global Links
involve.ai Inc
Industry Comparison
Our data shows that, on average, compensation at Parsec Labs is below the average for the U.S. Software & Networking 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 Parsec Labs average annual salary with several similar companies. Parsec Labs average salary of $102,896 is lower than Mccoy Global Links, which has an average salary of $118,032. It is lower than involve.ai Inc, with their average salary at $106,208. This places Parsec Labs 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 Parsec Labs and Their Hourly Pay Rates

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

Employee Reviews: Working at Parsec Labs

Considering a career at Parsec Labs? 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 team is energetic, and collaboration is strong across departments. The employee discount is a nice perk, and the health benefits are comprehensive. Benefits like health insurance and flexible scheduling add value. It’s a reliable retail job. I’ve been with this company for several years and have seen significant growth in both the business and my career.
Commented in March 01, 2025
30
3
There are occasional team-building events, which add a nice touch. Great workplace with a strong focus on teamwork. It’s a dependable retail job. The company invests in its employees, offering training and growth opportunities. Hard work is rewarded, and there are frequent team appreciation events. The company offers a good mix of challenges and rewards.
Commented in December 18, 2024
9
0
I highly recommend this company to anyone in retail. The work-life balance is good, and there are opportunities for growth. The workload is manageable, and the team is always willing to help. The compensation is fair, and there are frequent incentives for high performance.
Commented in July 19, 2024
29
3
Employee benefits, including health coverage and paid time off, are above average. The team feels like a second family. Colleagues are friendly and always willing to help, making teamwork seamless.
Commented in July 07, 2024
35
3
The retail operations follow a logical workflow. The workplace is modern, and the company stays updated with industry trends. The company also organizes team-building events, which foster a positive workplace culture. I enjoy the dynamic and rewarding work environment.
Commented in January 17, 2024
24
3

Parsec Labs Overview

Website
www.parseclabs.com
Founded In
2013
Employees
25 - 50 employees
Industry
Software & Networking
Headquarter Address
7101 Northland Cir N Brooklyn Park Minnesota MN 55428
Revenue
$5 Million - $10 Million
Phone Number
+1 6122861500
Social Media
About Parsec Labs
Parsec Labs, LLC. is a technology provider for subscription-based network storage solutions. They develop universal data replication and migration solutions to allow data portability across all platforms. Parsec Labs was founded in 2013 and is headquartered in Minneapolis, Minnesota.

What Benefits Does Parsec Labs Offer Beyond Salary?

A competitive compensation package is more than just a salary. Parsec Labs 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 Parsec Labs.
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 Parsec Labs, 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 Parsec Labs 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 Parsec Labs

1. How much does a Parsec Labs employee make?

Parsec Labs pays its employees an average of $49 per hour. The average salary at Parsec Labs range from $44 to $56 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. Which similar company tend to pay more or less than Parsec Labs?

The salary at Parsec Labs is lesser than the similar company. The average annual salary at Parsec Labs is $102,896, or an hourly wage of $49, in comparison to Mccoy Global Links which pays $118,032 per year or $57 per hour.

3. How much does a Chief Executive Officer typically earn at Parsec Labs?

A Chief Executive Officer at Parsec Labs typically earns an average hourly base salary of around $796,503, with a general range of $610,499 to $1,001,867.

4. Do employees with advanced degrees (Master's, PhD) earn more at Parsec Labs?

In many roles at Parsec Labs, 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.

5. How does the cost of living near Minneapolis affect the perceived value of a Parsec Labs 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 Parsec Labs based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Parsec Labs typically offer employees?

Parsec Labs 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 Parsec Labs" section on this page.

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