When it comes to location, the highest average paycheck ($156K per year) can be spotted in Chicago, Ill.; Hartford, Conn. (approximately $90K), the company's headquarter city of Farmington, Conn. ($78K), and Bloomfield, Conn. (about $74K) are the next top-paying cities. Approaching the lower end of the pay scale (at around $54K) is Sacramento, Calif. The highest pay by state can be found in Illinois, where salaries average out at $156K annually.
Operations Managers are the best paid with the average salary hovering at around $140K per year; Senior Mechanical Engineers, Mechanical Engineers, and Software Engineers also rank near the top of the list, pulling in approximately $84K, $75K, and $74K, respectively. Among the lower-paid positions at Otis Elevator Company are Account Managers — the median salary for this role approaches $57K.
Years of Experience
Workers who have been with the company for more than one year but less than five can make about $62K annually on average. The largest slice of the Otis Elevator Company workforce (33 percent) has been working for five to nine years and earns, on average, $74K per year.
Certifications and Degrees
Monetary compensation comes to about $90K annually for Project Management Professionals, far surpassing the earnings of non-credentialed workers. Acquiring certification to be a OSHA 30 hour Certificate Holder Holder is rewarded with median pay of $70K per year. The best paid folks at Otis Elevator Company have a Bachelor's Degree, earning approximately $73K annually.
Employees who count Business Development among their skills enjoy higher pay; the median for this group is around $121K per year. Project Management is a popular skill among Otis Elevator Company workers, with approximately one in four of those surveyed reporting using it on the job. Three more common skills are Account Management, Microsoft Office, and Account Sales.
Benefits and Perks
To plan for old age, a large number of employees maintain savings accounts through the company's 401(k) plan. Otis Elevator Company provides health insurance to nearly all survey participants, and a fair number of survey participants do receive dental coverage. The company also dishes out perks such as life insurance, tuition reimbursement, a company cell phone, a casual working environment, and company car / automobile.