Employee Benefits Summary for the Educational Support Services Industry

Learn more about the types of benefits educational support services companies offer across medical, short term disability, long term disability, life, vacation and leave and financial incentives.

educational-support-services-employee-benefits

Did you know about 73% of Educational Support Services companies offer medical insurance?

Complete Benefits Guide:

  • Medical
  • Disability
  • Life
  • Sick & Vacation
  • Retirement

 

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 report

The Educational Support Services Industry Employment Summary

As of January 2021, there were 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% Offer Medical Benefits

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% Offer Short-Term Disability

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% Offer Life Insurance

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% Offer PaidFamily Leave

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%.

Download a complete Educational Support Services Industry Benefits Compendium for your size and geography

Over 125 micro-targeted, action able insights.



 

In my 25 years of benefit experience, I have never seen information like this

– Cassie H, Benefit Manager

Download Your Custom Benefits Report Now

 

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.