The Educational Services industry is made up of organizations that offer instruction and training in a vast array of subjects. The primary establishments include privately or publicly owned and operated schools, colleges, universities, and training centers. Essential to its function is the Educational Support Services sector, a subset that focuses on providing services that support these educational processes and systems; and this can include education consultants, guidance counseling services, exchange student programs, and testing evaluation services.

Considering the importance such an industry plays in a country with an estimated 56.4 million students in Pre-K through High School alone, it’s vital that its employees have access to comprehensive healthcare plans that cater to their needs. Usually, this includes access to medical, dental, and vision insurance, disability coverage, life insurance options, a retirement savings plan, and plenty of paid time off.

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The Educational Support Services Industry Employment Summary

There are about 61,000 educational support service companies nationwide, employing 535,000 workers. Companies in this industry are on the smaller side, with each one having an average of 9 employees. This is a female-dominated industry, with only 30% of employees identifying as male, and the median employee age is 44 years old.

Educational Support Services Industry Benefits Comparison

What percent of educational support services offer medical insurance?

• 73% of educational support organizations offer their employees access to medical insurance. This is slightly above the national average of 69%.
• These businesses provide an average monthly employer premium of $1,189 for family coverage. This is above the national average of $1,121.
• Additionally, these businesses provide an average monthly employer premium of $510 for individual coverage. Again, this is above the national average of $458.

What percentage of educational support organizations offer short and/or long-term disability insurance?

41% of educational support organizations offer short-term disability insurance, and 53% provide a long-term disability option. The national average for these metrics is 42% and 34%, respectively.

What percent of educational support organizations offer life insurance?

81% offer access to life insurance coverage. This is well above the national average of 56%.

Do educational support organizations provide access to paid family leave?

• 27% provide access to paid family leave, which is above the national average of 20%.
• 87% provide access to unpaid family leave, which is slightly below the national average of 88%.
• 24% offer consolidated leave plans, which is also quite below the national average of 44%.

Summary

The educational support services industry stands in-line with other industries nationwide when it comes to providing benefits packages that meet their employee’s needs. There are a few improvements to make in order to meet the national standard, such as providing more access to disability coverage, paid family leave, and more retirement benefits options. Once these changes have been made, employers will surely start to notice how offering a comprehensive benefits package will work to attract top-quality talent to their team while cutting costs and boosting productivity as a whole.

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The financial securities and commodities industry is a well-established and increasingly lucrative industry that falls under the umbrella of the finance and insurance sector. Companies provide brokerage between buyers and sellers, create markets for securities and commodities, give investment advice, manage assets, and offer trust, fiduciary, and custody services for their diverse array of clients.

Opportunities to work in this industry range from positions as brokerage clerks and financial analysts to occupations such as financial manager, personal finance advisor, or securities, commodities, or financial service sales agent. In this competitive environment, employers need to offer top-tier, comprehensive health insurance benefits to attract the best talent in the field.

As these employees are educated and skilled workers, competitive benefit packages can help to attract talented employees and lower turnover rates. Additionally, benefits can help to lower major healthcare utilization and therefore could see lower than average rates on a PM/PM basis. Some examples of this include student loan repayment, flexible work schedules are attractive and more creative mechanisms like FSA's, HSA's and similar products are likely to be used.

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The Financial Securities and Commodities Industry Employment Summary

There are about 104,000 financial security and commodities firms across the country, employing 908,000 employees. Companies in this industry are on the smaller side, as each one only has an average of 9 employees. Over half - 52% - of all employees in this industry identify as female, with the median employee age being 43.

Financial Securities and Commodities Industry Benefits Comparison

What percentage of financial security and commodity firms offer medical insurance?

• A full 93% of financial security and commodity firms offer their employees access to medical insurance. This is well above the national average of 69%.
• These businesses provide an average monthly employer premium of $1,212 for family coverage. This is above the national average of $1,121.
• Additionally, these businesses provide an average monthly employer premium of $455 for individual coverage. This is in line with the national average of $458.

What percentage of financial security and commodity firms offer short and/or long-term disability insurance?

77% of financial security and commodity firms offer both short-term and long-term disability insurance. The national average for these metrics is 42% and 34%, respectively.

What percent of financial security and commodity firms offer life insurance?

89% of financial security and commodity firms offer life insurance coverage. This is well above the national average of 56%.

Do financial security and commodity firms provide access to paid family leave?

• 40% provide access to paid family leave, which is above the national average of 20%.
• Unpaid family leave is offered by 97% of employers, which is above the national average of 88%.
• 55% offer consolidated leave plans, which is above the national average of 44%.

Summary

Overall, the financial securities and commodities industry is well above the national average when it comes to providing comprehensive employee benefits. Continuing on this path of providing benefits packages that meet their employee’s needs will work in many employers’ favor when it comes to attracting and retaining top-quality candidates.

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Dry cleaning and laundry businesses are those who operate and/or tend larger, commercial washing facilities. These professionals clean both industrial and household items, including but not limited to cloth, suede, furs, leathers, draperies, linens, and carpets. This sector can be a bit broad, and some examples of businesses include traveler accommodations, professional dry cleaning services, nursing care facilities, and general medical and surgical hospitals.

The dry cleaning and laundry industry is set to grow exponentially throughout the next few years. As a method to achieve sustainable growth, employers will need to attract dedicated and experienced professionals. One of the best methods to doing this is to offer a benefits package that meets all their employee's needs. A comprehensive benefits plan contains access to medical, vision, and dental insurance, disability coverage, a life insurance policy, and ample days of paid time off.

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The Dry Cleaning and Laundry Industry Employment Summary

There are about 34,000 dry cleaning and laundry businesses in the United States. There are 289,000 employees in this female-dominated industry, with an average of 9 employees per organization. The median age of each worker is 42 years old.

Dry Cleaning and Laundry Industry Benefits Comparison

What percent of dry cleaning and laundry companies offer medical insurance?

• A little under half - 49% - of dry cleaning and laundry companies offer their employees access to medical insurance. This is well under the national average of 69%.
• These businesses provide an average monthly employer premium of $1,043 for family coverage. This is slightly below the national average of $1,121.
• They also provide an average monthly employer premium of $502 for individual coverage. This is slightly over the national average of $456.

What percent of dry cleaning and laundry companies offer short and/or long-term disability insurance?

25% of dry cleaning and laundry companies offer short-term disability insurance, and 19% provide long-term disability insurance. The national average for these metrics is 42% and 34%, respectively.

What percent of dry cleaning and laundry companies offer life insurance?

Almost a third, 32% of these businesses offer life insurance coverage. The national average is 56%.

Do dry cleaning and laundry companies provide access to paid family leave?

• 14% provide access to paid family leave, which is under the national average of 20%.
• Unpaid family leave is offered 87% of the time, which is just under the national average of 88%.
• Consolidated leave plans are used in 44% of businesses, in line with the national average.

Summary

As a general industry benefits comparison, the dry cleaning and laundry industry falls short when it comes to providing employee benefits. Based on the national average for other industries, dry cleaning and laundry businesses have the potential to ramp up their benefits packages as a way to differentiate themselves from their competitors. When business owners do this, top-quality employees will have more of an incentive to join their teams, and work hard to sustain upcoming industry growth.

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The Electronics and Appliance Stores industry is unique in that it often requires locations that provide special provisions for floor displays, such as the inclusion of a certain electrical capacity to allow for the demonstration of products.

Knowledgeable staff are fundamental to the electronics and appliance stores industry. Selling complex electronic products to the average customer, or installing and repairing appliances in the home, requires a level of intelligence and experience that can be hard to find. In order to ensure they’re getting the best candidates available, businesses must offer extensive employee benefits packages.

Higher employee turnover rates and percentage of part time workers in electronics and appliance stores can make benefit offerings and administration somewhat more difficult than the average industry. The average employee demographic can range significantly from a high school senior to a retired senior citizen, each with different motivations for working. Disability plans are important as there can be a physical component to the role, from moving heavy items to stocking shelves. To create a custom benefit package, every employer needs to know their specific group of employees.

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The Electronics and Appliance Stores Industry Employment Summary

There are about 30,000 electronics and appliance stores nationwide, employing over 321,000 professionals. On average, each store is small, with only 11 staff members. This industry is split almost evenly between male and female employees, and the median employee age is 38 years old.

The Electronics and Appliance Stores Industry Insurance Benefits Comparison

What percent of electronics and appliance store employers offer medical insurance?

• 53% of electronics and appliance store companies offer medical benefits to their employees. This is much lower than the national average of 69%.
• These businesses provide an average monthly employer premium of $948 for family coverage. This is also below the national average of $1,121.
• Additionally, they provide an average monthly employer premium of $424 for individual coverage. This is below the national average of $458.

What percentage of electronics and appliance store employers offer short and/or long-term disability insurance?

35% of employers offer short-term disability insurance, and 12% provide a long-term disability option. The national average is 42% and 34%, respectively.

What percent of electronics and appliance store employers offer life insurance?

42% of electronics and appliance store companies offer life insurance, which is again below the national average of 56%.

Do electronics and appliance store employers provide access to paid family leave?

• 17% of electronics and appliance store companies provide access to paid family leave compared to the national average of 20%.
• Unpaid family leave is offered at 90% of electronics and appliance store companies, compared to the slightly lower national average of 88%.
• Consolidated leave plans are used in 39% of electronics and appliance store companies, compared to the national average of 44%.

Summary

All in all, the electronics and appliance stores industry has a lot of improvements to make when it comes to providing comprehensive employee benefits packages to their teams. There are many opportunities for employers to better their electronics and appliance store employee benefits offerings, such as providing access to medical insurance, increasing the number of paid vacation days, and giving more retirement savings options. Once these changes are made, employers will notice that offering a strong benefits package is key to enticing and retaining top-notch and experienced employees to their team for years to come.

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Electronic installers and repairers work with a variety of electrical equipment and look to find solutions to a wide variety of problems. They are trained professionals that use advanced testing machinery to determine problems and it is the technician's job to come up with a repairing action plan.

Many electronic installers and repairers work in a factory setting, and their job requires heavy lifting and the risk of electrocution. Because of these high job demands, there can be a lot of employee turnover in this industry. One of the best methods to prevent this is for employers to offer a benefits package that meets all their employee's needs. An all-inclusive benefits package usually contains access to medical, vision, and dental insurance, short-term and long-term disability coverage, a life insurance policy, and ample days of paid time off.

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The Electronic Repair and Installation Industry Employment Summary

There are about 13,000 electronic installer and repair companies in the United States, employing 100,000 employees. Businesses in this industry are rather small, with each organization only having an average of 8 employees. This is a male-dominated industry, with only 18% of employees identifying as female, and the median employee age is 43 years old.

Electronic Repair Shops Industry Benefits Comparison

What percent of electronic repair shops offer medical insurance?

• 49% of electronic repair shops offer their employees access to medical insurance. This is well under the national average of 69%.
• These businesses provide an average monthly employer premium of $1,043 for family coverage. This is slightly below the national average of $1,121.
• They also provide an average monthly employer premium of $502 for individual coverage. This is slightly over the national average of $456.

What percent of electronic repair shops offer short and/or long-term disability insurance?

25% of electronic repair shops offer short-term disability insurance, and 19% provide long-term disability insurance. The national average for these metrics is 42% and 34%, respectively.

What percent of electronic repair shops offer life insurance?

Almost a third, 32% of these businesses offer life insurance coverage. The national average is 56%.

Do electronic repair shops provide access to paid family leave?

• 14% provide access to paid family leave, which is under the national average of 20%.
• Unpaid family leave is offered 87% of the time, which is just under the national average of 88%.
• Consolidated leave plans are used in 44% of businesses, in line with the national average.

Summary

As a general industry benefits comparison, the electronic repair and installation industry falls just in-line with the national industry standard of providing comprehensive employee benefits. There is a large opportunity for this industry to ramp up its benefits offerings, and when business owners do so, they will attract high-quality and experienced professionals to their teams. Due to the high risks associated with this job, providing employee benefits is a must.

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Company management is a broad term and includes any business, organization, and/or firm that has controlled interest and can administer, oversee, and make decisions of that company. Management companies are those that perform the essential activities within any business and can be found in almost every industry. They tend to be grouped as a subsector to make it easy to notice change, growth, and any other trends that may be all-encompassing and thematic from business to business.The company management subsector is part of the robust professional and business services industry.

The Company Management Industry Employment Summary

There are about 56,000 company management businesses nationwide, employing more than 3.4 million individuals. Compared to other industries, businesses in company management are quite large, with an average of 61 employees each. There are almost an equal number of male and female employees in this field, and the average age of each worker is 42 years old.

Company Management Benefits Comparison

What percent of company management firms offer medical insurance?

• 73% of company management businesses offer medical insurance. This is above the national average of 69%.
• These firms provide an average monthly employer premium of $1,064 for family coverage. This is slightly below the national average of $1,121.
• Additionally, they provide an average monthly employer premium of $433 for individual coverage. Again, this is slightly below the national average of $456.

What percent of company management firms offer short and/or long-term disability insurance?

44% of company management businesses offer short-term disability insurance, and 43% provide long-term disability insurance. Comparatively, the national average is 42% and 34%, respectively.

What percent of company management firms offer life insurance?

58% of company management firms offer life insurance coverage. The national average is 56%.

Do company management firms provide access to paid family leave?

• 23% provide access to paid family leave, slightly above the national average is 20%.
• Unpaid family leave is offered 86% of the time, and the national average is 88%.
• Consolidated leave plans are used in 48% of companies, compared to the national average of 44%.

Summary

In summary, the company management industry’s benefits offering is in-line with other organizations across the country. To improve their standing, businesses in this industry can improve their average monthly premium health insurance costs for both individual and family plans, increase the number of paid vacation holidays, and amp up their retirement offerings. Doing so will lead to increased employee satisfaction and productivity, which results in decreased costs for the business as a whole.

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