Rainbow Components Ltd Salary

Rainbow Components Ltd Salary

How much does the Rainbow Components Ltd Pay for employees?

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As of July 2026, the average weekly salary for employees at Rainbow Components Ltd in the United States is $2,143. This translates to an approximate annual wage of $111,450. Salaries at Rainbow Components Ltd typically range from $1,888 to $2,420 weekly, reflecting the diverse roles and experience levels within the company. Rainbow Components Ltd’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.
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Current Job Openings at Rainbow Components Ltd

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Is Rainbow Components Ltd’s Pay Competitive? Salary Benchmarking Analysis

How does Rainbow Components Ltd’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)
Rainbow Components Ltd
MFG Nondurable
Woodstock Farms Manufacturing
Foppen Usa Inc
Industry Comparison
Our data shows that, on average, compensation at Rainbow Components Ltd is below the average for the U.S. MFG Nondurable industry by approximately 11%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Rainbow Components Ltd average annual salary with several similar companies. Rainbow Components Ltd average salary of $111,450 is higher than Woodstock Farms Manufacturing, which has an average salary of $110,986. It is lower than Foppen Usa Inc, with their average salary at $112,431. This places Rainbow Components Ltd in a mid-range position among its peers.
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How Rainbow Components Ltd's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Rainbow Components Ltd

Considering a career at Rainbow Components Ltd? 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 company also offers good training programs and encourages employees to develop new skills. Quality meets standards but rarely exceeds expectations. Working at this manufacturing firm means being part of a well-organized and efficient team. A truly positive workplace. Managers keep lines of communication open, and hard work doesn’t go unnoticed.
Commented in March 31, 2025
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Team collaboration solves challenges quickly and creatively. Everyone pulls together to meet production goals. Equipment is kept in top shape, and maintenance responds quickly when issues arise. Coworkers are friendly and always willing to help. Daily work is clearly defined, and you’re never left guessing. Timely deliveries support our tight schedules flawlessly.
Commented in July 05, 2024
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Promotion paths are available but competitive. Flexible work schedules help employees balance their personal and professional lives. There's little emphasis on creativity, and change is implemented unless pushed from the top down. The production goals are challenging but realistic, and we’re encouraged to take pride in quality.
Commented in March 13, 2024
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Rainbow Components Ltd Overview

Website
www.rainbowcomponents.com
Founded In
1989
Employees
50 - 100 employees
Industry
MFG Nondurable
Headquarter Address
2 Mercer St Lodi New Jersey NJ 07644
Revenue
$10 Million - $50 Million
Phone Number
+91 1812651221
Social Media
About Rainbow Components Ltd
We are an LWG member LWG894 & an ISO Certified 9001:2015,ISO 14001:2004 Limited company who have successfully made our mark in the international leather market with our consistent efforts. Based in India, we strive to deliver the trendiest and the best without compromising on the quality. We specialise in suede and foiled leather and have an enormous range of products which are kept up to date wit

What Benefits Does Rainbow Components Ltd Offer Beyond Salary?

A competitive compensation package is more than just a salary. Rainbow Components Ltd 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 Jersey City?

Understanding the cost of living near Jersey City is key to truly evaluating a salary offer or your current compensation at Rainbow Components Ltd.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). Across from Manhattan, very high housing costs, excellent transit (PATH, Light Rail, Ferry). When planning your budget based on a salary from Rainbow Components Ltd, 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 Rainbow Components Ltd salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $121 (PATH 30-day unlimited) / NJ Transit varies Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,041 - $6,401+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Rainbow Components Ltd

1. What is the average salary for employees at Rainbow Components Ltd?

The average annual total compensation for employees at Rainbow Components Ltd is approximately $111,450. However, this is an aggregate figure, actual salaries can range significantly, typically from $98,187 to $125,853, depending on factors like job role, experience, and location.

2. How much does Rainbow Components Ltd pay compared to Woodstock Farms Manufacturing?

The average annual salary at Rainbow Components Ltd is $111,450, or an hourly wage of $54, in comparison to Woodstock Farms Manufacturing which pays $110,986 per year or $53 per hour.

3. How does having a professional certification impact salary for relevant roles at Rainbow Components Ltd?

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 Rainbow Components Ltd for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Rainbow Components Ltd offer cost-of-living adjustments (COLA) for employees in high-cost areas like Jersey City?

While some companies offer formal COLA, many, including potentially Rainbow Components Ltd, 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.

5. What's the typical process for salary reviews and raises at Rainbow Components Ltd?

Most companies, likely including Rainbow Components Ltd, 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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