Industry Benefits Summary

Educational Support Services Industry- Employee Benefits Summary

The Educational Services industry is made up of organizations that offer instruction and training in a vast array of subjects. The primary establishments include privately or publicly owned and operated schools, colleges, universities, and training centers. Essential to its function is the Educational Support Services sector, a subset that focuses on providing services that support these educational processes and systems; and this can include education consultants, guidance counseling services, exchange student programs, and testing evaluation services.

Considering the importance such an industry plays in a country with an estimated 56.4 million students in Pre-K through High School alone, it’s vital that its employees have access to comprehensive healthcare plans that cater to their needs. Usually, this includes access to medical, dental, and vision insurance, disability coverage, life insurance options, a retirement savings plan, and plenty of paid time off.

How do your benefits compare to other Educational Support Services companies?
Download Your Custom Benefits Report Now

The Educational Support Services Industry Employment Summary

There are about 61,000 educational support service companies nationwide, employing 535,000 workers. Companies in this industry are on the smaller side, with each one having an average of 9 employees. This is a female-dominated industry, with only 30% of employees identifying as male, and the median employee age is 44 years old.

Educational Support Services Industry Benefits Comparison

73%

What percent of educational support services offer medical insurance?

  • 73% of educational support organizations offer their employees access to medical insurance. This is slightly above the national average of 69%.
  • These businesses provide an average monthly employer premium of $1,189 for family coverage. This is above the national average of $1,121.
  • Additionally, these businesses provide an average monthly employer premium of $510 for individual coverage. Again, this is above the national average of $458.

41%

What percentage of educational support organizations offer short and/or long-term disability insurance?

41% of educational support organizations offer short-term disability insurance, and 53% provide a long-term disability option. The national average for these metrics is 42% and 34%, respectively.

81%

What percent of educational support organizations offer life insurance?

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

27%

Do educational support organizations provide access to paid family leave?

  • 27% provide access to paid family leave, which is above the national average of 20%.
  • 87% provide access to unpaid family leave, which is slightly below the national average of 88%.
  • 24% offer consolidated leave plans, which is also quite below the national average of 44%.

Summary

The educational support services industry stands in-line with other industries nationwide when it comes to providing benefits packages that meet their employee’s needs. There are a few improvements to make in order to meet the national standard, such as providing more access to disability coverage, paid family leave, and more retirement benefits options. Once these changes have been made, employers will surely start to notice how offering a comprehensive benefits package will work to attract top-quality talent to their team while cutting costs and boosting productivity as a whole.

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.