Industry Benefits Summary

Architect and Design Services Industry- Employee Benefits Summary

The architect and design services industry is an especially varied one. There are multiple different architectural specialties, from residential, commercial, and eco-friendly, to landscape designers and urban planners. An architect and designer's goal is to provide the initial building concept development, preparation of construction documents, and construction administration. They'll be able to take a look at your building's goals and easily conceptualize the look, the structure, and schematic interior design.

With the real estate market booming nationwide, there is a need for experienced architects to dedicate their time and creativity to one employer. To attract and retain top talent, it is of the utmost importance for employers to offer benefit packages to their employees. This means providing comprehensive health, dental, and vision coverage, both life and disability insurance, as well as paid time off.

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.

How do your benefits compare to other Architect and Design Services companies?
Download Your Custom Benefits Report Now

The Architect and Design Services Industry Employment Summary

There are about 147,000 architect and design firms nationwide, employing over 1.6 million individuals. Each firm tends to be on the smaller side, with an average of 11 employees each. This is a predominantly male industry, with the median age being just under 42 years old.

Architect & Design Services Insurance Benefits Comparison

87%

What percent of architect firms offer medical insurance?

  • Architect firms are well above the national average in providing health insurance coverage to their employees. A full 87% of businesses offer access to medical care when the national average is 69%.
  • Architect firms provide an average monthly employer premium of $1,032 for family coverage. This is above the national average of $1,121.
  • Additionally, this industry provides an average monthly employer premium of $433 for individual coverage. The national average is $456.

42%

What percent of architect and design firms offer short and/or long-term disability insurance?

60% of all architect and design firms offer access to both short-term and long-term disability plans. The national average is 42% and 34%, respectively.

75%

What percent of architect and design firms offer life insurance?

A full 75% of architect and design firms offer life insurance coverage. The national average is 56%.

33%

Do architect and design firms provide access to paid family leave?

  • 33% of architect and design firms provide access to paid family leave, the national average is 20%.
  • Unpaid family leave is offered 90% of the time, again, slightly above the national average of 88%.
  • Consolidated leave plans are used in 63% of organizations, compared to the national average of 44%.

Summary

Architect and design firms are doing quite well with providing their employees a comprehensive set of quality employee benefits. They are right in line with the national averages compared to other industries, and they must keep this up in order to retain quality employees.

Next Up

How Does Your 401k Offering Stack Up To Other Employers?
Given their prominent position that 401ks hold in the context of modern workforce management, a closer look at some of the surrounding issues can help ensure that your organization’s offerings remain viable relative to the other employers with which you are competing for talent.
The CFO Role: Less Accounting & More Strategy - Including People Strategy
A look at the state of finance departments across US companies over the last few years reveals an interesting mix of stability and change.
The Market Employment Summary for February 2024
Each month, Mployer Advisor breaks down the Bureau of Labor Statistics’ most recent State Employment and Unemployment Summary to highlight some employment trends across various markets. This is an overview of February’s report.