Employee Benefits Summary for the Air, Land, and Water Transportation Industry

Learn more about the types of benefits air, land, and water transportation companies offer across medical, short term disability, long term disability, life, vacation and leave and financial incentives.

Did you know about 84% of Air, Land, and Water Transportation Companies offer medical insurance?

Complete Benefits Guide:

  • Medical
  • Disability
  • Life
  • Sick & Vacation
  • Retirement

 

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

As of January 2021, there were 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

84% Offer Medical Benefits

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.
50% Offer Short-Term Long-Term Disability

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.

73% Offer Life Insurance

What percentage of transportation employers offer life insurance?

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

10% Offer PaidFamily Leave

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%.

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In my 25 years of benefit experience, I have never seen information like this

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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.