Platinum Tools Salary

Platinum Tools Salary

How Much Does Platinum Tools Pay for employees?

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As of May 2026, the average annual salary for employees at Platinum Tools in the United States is $82,320. This translates to an approximate hourly wage of $40. Salaries at Platinum Tools typically range from $72,394 to $93,414 annually, reflecting the diverse roles and experience levels within the company. Platinum Tools’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 Platinum Tools Pay for Different Roles?

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.

Sales Manager

$162,882 / year

Salary Range: $141,562 - $186,912

Sales

Technical Performance Specialist - Tooling Tryout

$109,843 / year

Salary Range: $101,182 - $119,364

Engineering

Tooling Tryout Technician

$94,252 / year

Salary Range: $87,084 - $102,477

Engineering

Technical Support Representative

$49,122 / year

Salary Range: $43,897 - $55,402

Technical Support

Director of Finance and Accounting

$191,976 / year

Salary Range: $169,559 - $217,672

Management

Business Systems Analyst

$86,076 / year

Salary Range: $78,076 - $95,333

Information Technology

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.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Platinum Tools.
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About Platinum Tools: Company Profile

Website
www.platinumtools.com
Founded In
1997
Employees
50 - 100 employees
Industry
MFG Durable
Headquarter Location
CAMARILLO
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About PLATINUM TOOLS
Platinum Tools is a manufacturer and supplier of electrical and control products such as connectors, crimpers, testers, cutters and strippers.

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Platinum Tools's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Scheduling is fair, and production timelines are met. The company culture is professional but may feel rigid and hierarchical, limiting employee autonomy. Most rewarding is seeing how our high-quality products make a difference in customers' lives every day. Fair supervisors and clear expectations.
Commented in April 14, 2025
9
2
The company supports ongoing training and skill development, ensuring long-term success for both employees and clients. Production schedules are realistic, and the team works together with purpose. I enjoy the structure here. There’s a lot of pride in the products we create. Clean environment, efficient workflows, and respectful coworkers. Compensation is generous, including production bonuses and...
Commented in March 17, 2025
43
0
Modern equipment and up-to-date technology create a productive and innovative work environment. Supervisors provide clear guidance and support. You feel appreciated for your efforts. Comprehensive training enhances team skills and knowledge. Overtime is sometimes required during busy periods.
Commented in July 22, 2024
47
1
Management is fair and provides the necessary resources and support to get the job done effectively and safely. The environment works, but it’s not highly dynamic. The company provides ongoing training and opportunities for lateral moves, so you’re always learning. They provide modern equipment and prioritize a safe working environment above all else.
Commented in May 20, 2024
24
0
Workers feel valued and supported, and quality control standards remain top-notch. Benefits are average, and while there’s room to grow, it’s not especially fast. In a traditional industry, they actively embrace automation, smart factory solutions, and sustainable manufacturing practices. Coworkers are respectful but mostly keep to themselves.
Commented in February 10, 2024
42
3

How Platinum Tools's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Platinum Tools’s pay competitiveness. Click on a company for a deeper dive.

Is Platinum Tools’s Pay Competitive? Salary Benchmarking Analysis

How does Platinum Tools’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Platinum Tools
MFG Durable
PROTECTOWIRE
PRODUCTIVE VIDEO
Industry Comparison
Our data shows that, on average, compensation at Platinum Tools is below the average for the U.S. MFG Durable industry by approximately 32%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Platinum Tools average annual salary with several similar companies. Platinum Tools average salary of $82,320 is lower than PROTECTOWIRE, which has an average salary of $84,062. It is lower than PRODUCTIVE VIDEO, with their average salary at $84,958. This places Platinum Tools 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.

What Is the Cost of Living Near Los Angeles?

Understanding the cost of living near Los Angeles is key to truly evaluating a salary offer or your current compensation at Platinum Tools.
Los Angeles' Cost of Living Index is approximately 173.3 (73.3% more expensive than US average; 23.9% more than CA average). Driven by extremely expensive housing, high transportation costs, and above-average goods/services. When planning your budget based on a salary from Platinum Tools, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,500 - $3,800+ A significant portion of Platinum Tools salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $100 (Metro TAP card varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,050 - $6,450+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Platinum Tools

FAQ 1: What is the average salary for employees at Platinum Tools?
The average annual total compensation for employees at Platinum Tools is approximately $82,320. However, this is an aggregate figure, actual salaries can range significantly, typically from $72,394 to $93,414, depending on factors like job role, experience, and location.
FAQ 2: How much does Platinum Tools pay compared to PROTECTOWIRE?
The average annual salary at Platinum Tools is $82,320, or an hourly wage of $40, in comparison to PROTECTOWIRE which pays $84,062 per year or $40 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at Platinum Tools?
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 Platinum Tools for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does Platinum Tools offer cost-of-living adjustments (COLA) for employees in high-cost areas like Los Angeles?
While some companies offer formal COLA, many, including potentially Platinum Tools, 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.
FAQ 5: What's the typical process for salary reviews and raises at Platinum Tools?
Most companies, likely including Platinum Tools, 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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