The consumer goods wholesalers industry deals with the sale of consumer merchandise, such as clothing, food, or jewelry, to other businesses. Wholesaling specifically refers to an intermediate step in the distribution process; wholesalers purchase large quantities of products directly from distributors, benefiting from increased buying power and various discounts.
Understanding the ins and outs of the supply chain is vital in the wholesale trade sector. Employees must be experienced in the field or major, costly mistakes can be made. Many top candidates will be drawn toward positions that offer extensive consumer wholesaler employee benefits packages. As an example, a higher amount of physical labor can result in an increased number of workers comp claims and higher overall medical expenses, making quality short and long term disability plans incredibly important. Additionally, a higher percentage of males in the industry place importance on access to employer sponsored healthcare and a 401K match.
There are about 237,000 consumer goods wholesaler facilities nationwide, employing over 3.7 million professionals. On average, each business is on the smaller side, with 16 staff members. This is a male-dominated industry, with only 30% of employees identifying as female, and the median employee age is 45 years old.
53% of consumer wholesaler employers offer short-term disability coverage, and 41% offer long-term disability insurance. The national average is 42% and 34%, respectively.
72% offer access to a life insurance plan. Comparatively, the national average is 56%.
Altogether, the consumer goods wholesalers industry is in-line with the national standard when providing comprehensive employee benefits packages. There are some improvements employers can make, such as offering more monthly employer premiums for individual and family medical coverage and provide more family leave options to better meet their employee’s needs.
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