The air, land, and water transportation industry is a part of the much larger transportation and warehousing sector. Focusing entirely on the transportation of goods and passengers, including for sightseeing and scenic purposes, this industry requires a variety of occupations to run smoothly; airline pilots, engineers, bus drivers, sailors, and truck drivers all play vital roles.

Shipping services for goods and cargo will always be in high demand. Drawing top candidates for any single position requires a comprehensive benefits package. This generally includes access to medical, dental, and vision insurance, disability coverage, a life insurance plan, paid time off, and retirement saving opportunities.

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The Air, Land, and Water Transportation Industry Employment Summary

There are about 165,000 air, land, and water transportation organizations nationwide, employing over 2.5 million professionals. On average, each business tends to be on the smaller side, with only 16 staff members. This is a male-dominated industry, with only 23% of employees identifying as female, and the median employee age is 45 years old.

The Air, Land, and Water Transportation Industry Insurance Benefits Comparison

What percentage of transportation employers offer medical insurance?

• 84% offer access to medical insurance. This is well above the national average of 69%.
• These businesses provide an average monthly employer premium of $1,219 for family coverage. This is in-line with the national average of $1,121.
• Additionally, they provide an average monthly employer premium of $487 for individual coverage. This is just above the national average of $458.

What percentage of transportation employers offer short and/or long-term disability insurance?

50% of these employers offer short-term disability coverage, and 29% offer long-term disability insurance. The national average is 42% and 34%, respectively.

What percentage of transportation employers offer life insurance?

73% offer access to a life insurance plan. Comparatively, the national average is 56%.

Do transportation employers provide access to paid family leave?

• 10% provide access to paid family leave. The national average is 20%.
• 94% provide access to unpaid family leave. The national average is 88%.
• 24% offer consolidated leave plans. The national average is 44%.

Summary

As a whole, the air, land, and water transportation industry stands in-line with the national standard of offering comprehensive employee benefits packages. However, there is some room for improvement, such as providing more long-term disability and paid family leave options to their employees. As soon as these changes are made, employers will realize how important all-inclusive employee benefits are for attracting and retaining top talent for years to come.

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The food manufacturing industry works to transform livestock and agricultural materials into processed food products. Establishments in this industry include those designated for grain milling, fruit and vegetable preserving, seafood product preparation, and dairy product manufacturing, as well as many others. The final food product is generally sold wholesale to marketplaces and retailers, but this industry also includes businesses that sell baked goods or candies made on site.

A variety of tradespeople make their living in the food manufacturing industry, bakers, meat packers, packing and filling machine operators, and food batch makers among them. Business owners need to supply quality insurance coverage to attract the best employees to keep this vital industry operating smoothly. A higher amount of physical labor can result in an increased number of workers comp claims and higher overall medical expenses, thus making quality short and long term disability plans important. Additionally, a higher percentage of males are in this industry, and this demographic tends to place importance on having access to employer sponsored healthcare and 401K match benefits.

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The Food Manufacturing Industry Employment Summary

As of January 2021, there were 37,000 food manufacturing plants across the country, employing over 1.76 million employees. Companies in this industry are mid-sized, with each one having an average of 48 employees. This is a male-dominated industry, with 38% of employees identifying as female, and the median employee age is 43 years old.

Food Manufacturing Industry Benefits Comparison

What percent of food manufacturers offer medical insurance?

• 91% offer their employees access to medical insurance. This is well above the national average of 69%.
• These employers provide an average monthly employer premium of $1,234 for family coverage. This is above the national average of $1,121.
• Additionally, these businesses provide an average monthly employer premium of $452 for individual coverage. This is also a bit below the national average of $458.

What percentage of food manufacturers offer short and/or long-term disability insurance?

65% of food manufacturers offer short-term disability insurance, and 49% provide a long-term disability option. The national average for these metrics is 42% and 34%, respectively.

What percent of food manufacturers offer life insurance?

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

Do food manufacturers provide access to paid family leave?

• 18% provide access to paid family leave, which is slightly below the national average of 20%.
• 92% provide access to unpaid family leave, which is above the national average of 88%.
• 33% offer consolidated leave plans, which is also slightly below the national average of 44%.

Summary

Generally speaking, the food manufacturing industry is above the national average for providing comprehensive employee benefits packages. There are a few opportunities for improvement, including offering more paid family leave and consolidated leave options, as well as improving retirement benefit offerings. Once these changes are made, employers will be able to see firsthand how they can easily attract and retain top talent to their teams.

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The Accounting Services industry is expected to experience steady growth over the next five years. Combine this with a spike in new businesses forming, and there will be more of a demand for traditional accounting services both at a private and corporate business level.

With this growing market in mind, it is of the utmost importance to invest in the right set of employee benefits to attract and retain the best accounting talent. Candidates are looking for the perfect mix of medical and disability insurance, paid time off, and a work-life balance to keep them inspired to wake up and come to work each morning.

Typically skilled workers, competitive benefit packages can help to attract talented employees; lower turnover rates, and 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 FSAs, HSAs and similar products are likely to be used.

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The Accounting Services Employment Summary

There are about 133,000 accounting services companies in the United States, employing over 1.14 million people. Each business tends to be on the smaller side, with about 9 employees per firm. The accounting industry is predominantly female, so to make yourself stand out in a sea of competition, it is more important than ever to invest in the right employee benefits. Doing so will entice applicants, save your company money, and promote employee retention.

Company Management Benefits Comparison

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What percent of accounting companies offer medical insurance?

• 87% of accounting companies offer medical benefits to their employees. This is higher than the national average of 69%.
• The average flat monthly employer premium for family coverage is $1,032.
• Additionally, the average flat monthly employer premium for single coverage is $433.

What percent of accounting companies offer short and/or long-term disability insurance?

60% of accounting companies offer access to both short-term disability and long-term disability plans. This percentage is well above the national averages.

What percent of accounting companies offer life insurance?

75% of accounting companies offer life insurance, which is again above the national average.

Do accounting companies provide access to paid family leave?

• 33% of accounting companies provide access to paid family leave compared to the national average of 20%.
• Unpaid family leave is offered at 90% of accounting companies, compared to the slightly lower national average of 88%.
• Consolidated leave plans are used in a full 63% of accounting companies, compared to the national average of 44%.

Summary

As a whole, the accounting services industry is well above the national average when it comes to providing their employees with good quality and sustainable benefits. But in order to stay at this impressive level, it is important for accounting companies to constantly invest and reevaluate their benefits packages. The goal is for a business owner to offer employee benefits in accounting package that really stands out, entices top-quality employees, and is used as a differentiator in this competitive space.

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The aerospace product and parts manufacturing industry is included within the transportation equipment and manufacturing subsector. The establishments in this industry focus primarily on the design, manufacture, and assembly of aerospace technology and vehicles. This requires coordination on an enormous scale to make sure that each step of the process is up to industry standards of safety, accuracy, and quality.

Production, installation, maintenance, and repair occupations make up more than a third of workers in this field, with architecture and engineering professions making up the next largest group. With employee expertise as varied as that required in this industry, employers need to design their insurance packages appropriately to cover each group’s specific needs. A higher amount of physical labor can result in an increased number of workers comp claims and higher overall medical expenses, thus making quality short and long term disability plans important. Additionally, a higher percentage of males are in this industry, and this demographic tends to place importance on having access to employer sponsored healthcare and 401K match benefits.

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The Aerospace Product and Parts Manufacturing Industry Employment Summary

There are about 2,000 aerospace product and parts manufacturing businesses across the country, employing over 392,000 employees. Companies in this industry are quite large, with each one only having an average of 233 employees. This is a male-dominated industry, with only 24% of employees identifying as female. The median employee age is 44 years old.

Aerospace Product and Parts Manufacturing Industry Benefits Comparison

What percent of aerospace product and parts manufacturing companies offer medical insurance?

• A full 91% of aerospace product and parts manufacturing companies 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 $1,234 for family coverage. This is above the national average of $1,121.
• Additionally, these businesses provide an average monthly employer premium of $452 for individual coverage. This is also a bit below the national average of $458.

What percentage of aerospace product and parts manufacturing companies offer short and/or long-term disability insurance?

60% offer both short-term and long-term disability insurance. The national average for these metrics is 42% and 34%, respectively.

What percent of aerospace product and parts manufacturing companies offer life insurance?

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

18%

Do aerospace product and parts manufacturing companies provide access to paid family leave?

• 18% provide access to paid family leave, which is slightly below the national average of 20%.
• 92% provide access to unpaid family leave, which is above the national average of 88%.
• 33% offer consolidated leave plans, which is slightly below the national average of 44%.

Summary

As a whole, the aerospace product and parts manufacturing industry stands above the national average when it comes to providing benefits packages that meet all their employee needs. There is an opportunity to improve access to paid family leave and consolidated leave plans, as well as retirement assistance. Once this happens, employers will be able to attract, retain, and incentivize top-talent to join their team, which sets this industry up for success in the future.

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The Administrative and Support Services industry is expected to grow a whopping 20% by 2022. This is due in part to the rapid globalization of businesses and the introduction of new product offerings and advanced technologies into the workforce. This shows that there will be more of a demand for traditional administrative and support services in businesses of all sizes, no matter their industry.

A growing market like this requires a comprehensive set of employee benefits to both attract and retain the best administrative talent. Any business owner will need to provide medical, dental, and vision insurance, with disability, life insurance, and paid time off to appeal to top candidates.

Typically skilled workers, competitive benefit packages can help to attract talented employees; lower turnover rates, and 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 Administrative and Support Services Employment Summary

There are more than 32,000 administrative and support service companies in the United States. Of this number, there are 811,249 employees, with an average of 25 employees per business. The administrative industry is predominantly female, and the median age of each employee is 42 years.

Administrative and Support Services Insurance Benefits Comparison

What percent of administrative and support services companies offer medical insurance?

• 50% of administrative companies offer medical benefits to their employees. This is well below the national average of 69%.
• The average flat monthly employer premium for family coverage is $955. The national average is $1,121.
• The average flat monthly employer premium for single coverage is $406, with the national average being $458.

What percent of administrative and support services companies offer short and/or long-term disability insurance?

21% of administrative companies offer access to short-term disability plans, well under the national average of 42%. Additionally, 14% provide long-term disability insurance, when the national average is 34%.

What percent of administrative and support services companies offer life insurance?

30% of administrative companies offer life insurance, which is again below the national average of 56%.

Do administrative and support services companies provide access to paid family leave?

• 8% of administrative services companies provide access to paid family leave compared to the national average of 20%.
• Unpaid family leave is offered at 79% of administrative services companies, compared to the national average of 88%.
• Consolidated leave plans are used in 36% of administrative services companies, compared to the national average of 44%.

Summary

The administrative and support services industry falls well below the national average when it comes to providing their employees with an up-to-date and comprehensive benefits package. Employee benefits are a huge factor in retaining valuable talent, so all administrative and accounting companies need to take some time to evaluate their offerings and invest in competitive insurance administrative services employees can count on.

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The building material, garden equipment, and supplies dealers industry focuses on the sale of new building material, garden equipment, and supplies from fixed physical locations. As a result of the display equipment required to handle these supplies (such as lumber), an expansive area -- either indoors or covered outdoors -- is required for accurate presentation.

Staff working in this industry are expected to have a complete understanding of the specific products being sold for the construction, repair, and maintenance of the home as well as its associated grounds. Businesses looking to onboard these experienced and knowledgeable employees will have to offer a comprehensive benefits package if they want to stand out as a differentiator from their competition. Generally speaking, this includes access to health, vision, and dental insurance, paid time off, retirement savings, and disability coverage.

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The Building Material, Garden Equipment, and Supplies Dealers Industry Employment Summary

There are about 75,000 building material and garden equipment facilities nationwide, employing over 1.3 million professionals. On average, each business is small, with 17 staff members each. This industry is almost evenly split between male and female employees, and the average employee age is 38 years old.

The Building Material, Garden Equipment, and Supplies Dealers Industry Insurance Benefits Comparison

What percentage of these employers offer medical insurance?

• 53% offer access to medical insurance. This is well under the national average of 69%.
• These businesses provide an average monthly employer premium of $948 for family coverage. This is 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 these employers offer short and/or long-term disability insurance?

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

What percentage of these employers offer life insurance?

42% offer access to a life insurance plan. Comparatively, the national average is 56%.

Do these employers provide access to paid family leave?

• 17% provide access to paid family leave. The national average is 20%.
• 90% provide access to unpaid family leave. The national average is 88%.
• 39% offer consolidated leave plans. The national average is 44%.

Summary

The building material, garden equipment, and supplies dealers industry stands well-below the national industry standard when providing comprehensive benefits packages to their employees. There are many opportunities for employers to increase their benefits offerings, including providing more retirement savings options, improving disability coverage, adding in more paid vacation days, and offering more inclusive access to paid family leave.

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