Industry Benefits Summary

Electronic Repair Shops Industry- Employee Benefits Summary

Electronic installers and repairers work with a variety of electrical equipment and look to find solutions to a wide variety of problems. They are trained professionals that use advanced testing machinery to determine problems and it is the technician's job to come up with a repairing action plan.

Many electronic installers and repairers work in a factory setting, and their job requires heavy lifting and the risk of electrocution. Because of these high job demands, there can be a lot of employee turnover in this industry. One of the best methods to prevent this is for employers to offer a benefits package that meets all their employee's needs. An all-inclusive benefits package usually contains access to medical, vision, and dental insurance, short-term and long-term disability coverage, a life insurance policy, and ample days of paid time off.

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The Electronic Repair and Installation Industry Employment Summary

There are about 13,000 electronic installer and repair companies in the United States, employing 100,000 employees. Businesses in this industry are rather small, with each organization only having an average of 8 employees. This is a male-dominated industry, with only 18% of employees identifying as female, and the median employee age is 43 years old.

Electronic Repair Shops Industry Benefits Comparison

49%

What percent of electronic repair shops offer medical insurance?

  • 49% of electronic repair shops offer their employees access to medical insurance. This is well under the national average of 69%.
  • These businesses provide an average monthly employer premium of $1,043 for family coverage. This is slightly below the national average of $1,121.
  • They also provide an average monthly employer premium of $502 for individual coverage. This is slightly over the national average of $456.

25%

What percent of electronic repair shops offer short and/or long-term disability insurance?

25% of electronic repair shops offer short-term disability insurance, and 19% provide long-term disability insurance. The national average for these metrics is 42% and 34%, respectively.

32%

What percent of electronic repair shops offer life insurance?

Almost a third, 32% of these businesses offer life insurance coverage. The national average is 56%.

14%

Do electronic repair shops provide access to paid family leave?

  • 14% provide access to paid family leave, which is under the national average of 20%.
  • Unpaid family leave is offered 87% of the time, which is just under the national average of 88%.
  • Consolidated leave plans are used in 44% of businesses, in line with the national average.

Summary

As a general industry benefits comparison, the electronic repair and installation industry falls just in-line with the national industry standard of providing comprehensive employee benefits. There is a large opportunity for this industry to ramp up its benefits offerings, and when business owners do so, they will attract high-quality and experienced professionals to their teams. Due to the high risks associated with this job, providing employee benefits is a must.

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