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.
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.
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.
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%.
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.
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