Industry Benefits Summary

Computer, Electronic, and Appliance Manufacturing Industry- Employee Benefits Summary

The computer, electronic, and appliance manufacturing industry is included in the goods-producing industries supersector. Its primary concern is manufacturing computers, communications equipment, and other similar electronic products. Working together to design, manufacture, and assemble these products is a wide-ranging field of computer hardware engineers, electrical engineers and technicians, and electronic equipment assemblers.

The rapid growth of this industry indicates that companies will need to hire new and talented employees to keep up with the demand and the pace of technological advancement. Employers advertising robust and comprehensive insurance coverage will attract the top minds in the field to work for their businesses.

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 Computer, Electronic & Appliance Manufacturing Industry Employment Summary

There are about 18,000 computer, electronic, and appliance manufacturing plants across the country, employing over 1.13 million employees. Companies in this industry are mid-sized, with each one having an average of 64 employees. This is a male-dominated industry, with 30% of employees identifying as female, and the median employee age is 44 years old.

Computer, Electronic & Appliance Manufacturing Industry Benefits Comparison

91%

What percent of computer, electronic, and appliance manufacturing plants 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.

65%

What percentage of computer, electronic, and appliance manufacturing plants offer short and/or long-term disability insurance?

65% of computer, electronic, and appliance manufacturing plants offer short-term disability insurance, and 49% provide a long-term disability option. The national average for these metrics is 42% and 34%, respectively.

81%

What percent of computer, electronic, and appliance manufacturing plants offer life insurance?

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

18%

Do computer, electronic, and appliance manufacturing plants 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

The computer, electronic, and appliance manufacturing industry stands above the national average for providing all-inclusive employee benefits packages. There are a few opportunities for improvement, including providing access to paid family leave and consolidated leave plans, as well as boosting their retirement benefits offerings. Once these employers improve their employee benefits packages, they will notice how their business can grow and thrive.

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