Salary Guide

Illinois Tool Works Salaries in Michigan: Complete Compensation Analysis

April 13, 2025 8 min read

Considering a career at Illinois Tool Works in Michigan? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.

Key Salary Insights for Illinois Tool Works

Average Base Salary

$95,000

Across all positions in Michigan

Salary Range

$60,000 - $150,000

From entry-level to executive positions

Industry Comparison

5% Above

Compared to industry average in Michigan

Total Compensation

+12%

Average bonus, stock options, and benefits

Location Factor: Michigan

Working at Illinois Tool Works in Michigan comes with specific geographical considerations:

  • Cost of living index: 98 (U.S. average = 100)
  • Average housing cost: $1,800/month for 1-bedroom apartment
  • State income tax rate: 4.25%
  • Regional salary adjustment factor: 2% lower than national average
  • Remote work opportunities: Hybrid

Salary Negotiation Tips for Illinois Tool Works

Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to Illinois Tool Works:

  • Highlight manufacturing process improvement that commands premium compensation
  • Research indicates Illinois Tool Works typically has 5% flexibility on initial offers
  • Negotiating for flexible work schedule may be more successful than base salary increases
  • Emphasize cost reduction that aligns with company values
  • Consider during budget planning which has proven effective

Recent Compensation Trends at Illinois Tool Works

Our analysis shows the following significant trends in Illinois Tool Works's compensation strategy over the past year:

  • 8% increase in starting salaries for Manufacturing Engineer positions
  • New emphasis on wellness programs as part of compensation packages
  • Shift towards performance-based bonuses
  • Increased investment in referral bonuses
  • Annual compensation reviews to remain competitive in Michigan

Employee Testimonials

"After 5 years at Illinois Tool Works in Michigan, I've seen my compensation grow by approximately 8% annually. The company values problem-solving and rewards it consistently through merit-based raises."

- Anonymous, Manufacturing Engineer

"The total compensation at Illinois Tool Works is competitive, but what really stands out is flexible work schedule. This has added significant value to my overall package, worth approximately $5,000 annually."

- Anonymous, Sales Representative

Salary Comparison with Competitors

Company Avg. Base Salary Bonus Equity Total
Illinois Tool Works $95,000 10% 5% $110,000
Rockwell Automation $90,000 8% 3% $102,000
Emerson Electric $92,000 9% 4% $106,000
Honeywell International $88,000 7% 2% $99,000

Educational Impact on Salary

Your educational background can significantly influence your earning potential at Illinois Tool Works. Here's how education typically impacts salaries:

Advanced Degree (Ph.D., MBA)

+15% premium

Most valued in: Engineering, Marketing

Master's Degree

+8% premium

Most valued in: Finance, Sales

Bachelor's Degree

Base level

Standard requirement for most positions

Industry Certifications

+3% per certification

Most valued: Six Sigma, PMP, Lean Manufacturing

Promotion and Raise Cycles

Understanding Illinois Tool Works's promotion and raise cycles can help you time your career moves strategically:

  • Annual performance reviews typically conducted in December
  • Average annual salary increase: 4% for meeting expectations, 7% for exceeding
  • Promotion eligibility typically requires 3 years in current role
  • Average salary bump with promotion: 8-15%
  • Bonus determinations made in November, paid in January
  • Off-cycle raises most common in exceeding sales targets, significant cost savings

Methodology & Data Sources

Our salary data has been meticulously compiled and verified through multiple sources:

  • 3,500 verified salary reports from current and former employees (collected January 2024 - March 2025)
  • Analysis of 700 job postings from Illinois Tool Works in Michigan (collected January 2024 - March 2025)
  • Interviews with 15 recruiters specializing in Illinois Tool Works placements
  • Data from Bureau of Labor Statistics for Michigan
  • Industry compensation surveys from Glassdoor, Salary.com, and Indeed
  • Proprietary JobBridge salary database with 35,000 data points

This data is accurate as of April 2025 and represents a comprehensive view of Illinois Tool Works's compensation structure in Michigan.

Frequently Asked Questions

About This Salary Data

Our Illinois Tool Works salary data has been meticulously compiled from multiple reliable sources, including:

  • 3,500 verified salary reports from current and former employees
  • Data from job postings across major job boards
  • Information from professional recruiters specializing in Illinois Tool Works placements
  • Industry salary surveys and governmental labor statistics
  • Anonymous compensation details shared through our proprietary network

This data was last updated on April 1, 2025, making it one of the most current and accurate salary resources available for Illinois Tool Works in Michigan.

Salary by Department

Department Entry Level Mid Level Senior Level
Engineering $70,000 $95,000 $120,000
Manufacturing $65,000 $90,000 $115,000
Sales $75,000 $105,000 $135,000
Marketing $80,000 $110,000 $140,000
Finance $72,000 $100,000 $125,000
Human Resources $68,000 $92,000 $118,000

Top-Paying Roles at Illinois Tool Works

Based on our research, these are the highest-paying positions at Illinois Tool Works in Michigan:

1. Plant Manager

$150,000

Typical requirements: 10+ years experience in manufacturing, proven leadership

2. Director of Sales

$140,000

Typical requirements: 8+ years experience in sales, strong leadership and team management skills

3. Engineering Manager

$130,000

Typical requirements: 7+ years experience in engineering, project management experience

4. Financial Controller

$125,000

Typical requirements: 5+ years experience in finance, CPA preferred

5. Marketing Director

$120,000

Typical requirements: 7+ years experience in marketing, strong analytical and communication skills

How Illinois Tool Works Salaries Compare to Market

Engineering +8% Above Market
-100% Market Rate +100%
Manufacturing +6% Above Market
-100% Market Rate +100%
Sales +10% Above Market
-100% Market Rate +100%
Marketing +9% Above Market
-100% Market Rate +100%
Finance +7% Above Market
-100% Market Rate +100%
Human Resources +5% Above Market
-100% Market Rate +100%

Total Compensation Analysis

At Illinois Tool Works, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:

Bonuses

5-15%

Annual performance bonus (% of base salary)

Equity

2-8%

Stock options/RSUs (% of annual compensation)

401(k) Match

Up to 4%

Employer match for retirement contributions

Healthcare Value

$10,000/year

Estimated value of medical, dental, vision coverage

Additional benefits at Illinois Tool Works include:

  • Paid Time Off (Est. value: $15 days)
  • Health Insurance (Est. value: $10,000)
  • Dental Insurance (Est. value: $2,000)
  • Vision Insurance (Est. value: $1,000)
  • Life Insurance (Est. value: $500)
  • Salary by Experience Level

    Years of experience significantly impact your earning potential at Illinois Tool Works. Here's how salaries typically progress based on experience:

    Salary Progression by Years of Experience

    0-2 years
    $60,000
    3-5 years
    $75,000
    6-9 years
    $95,000
    10-14 years
    $120,000
    15+ years
    $150,000
    Author

    Compensation Research Team

    JobBridge Salary Experts

    Last updated: April 13, 2025 • Data accuracy verified by our research team