The financial securities and commodities industry is a well-established and increasingly lucrative industry that falls under the umbrella of the finance and insurance sector. Companies provide brokerage between buyers and sellers, create markets for securities and commodities, give investment advice, manage assets, and offer trust, fiduciary, and custody services for their diverse array of clients.
Opportunities to work in this industry range from positions as brokerage clerks and financial analysts to occupations such as financial manager, personal finance advisor, or securities, commodities, or financial service sales agent. In this competitive environment, employers need to offer top-tier, comprehensive health insurance benefits to attract the best talent in the field.
As these employees are educated and skilled workers, competitive benefit packages can help to attract talented employees and lower turnover rates. Additionally, benefits can help to lower major healthcare utilization and therefore could see lower than average rates on a PM/PM basis. Some examples of this include student loan repayment, flexible work schedules are attractive and more creative mechanisms like FSA's, HSA's and similar products are likely to be used.
There are about 104,000 financial security and commodities firms across the country, employing 908,000 employees. Companies in this industry are on the smaller side, as each one only has an average of 9 employees. Over half - 52% - of all employees in this industry identify as female, with the median employee age being 43.
77% of financial security and commodity firms offer both short-term and long-term disability insurance. The national average for these metrics is 42% and 34%, respectively.
89% of financial security and commodity firms offer life insurance coverage. This is well above the national average of 56%.
Overall, the financial securities and commodities industry is well above the national average when it comes to providing comprehensive employee benefits. Continuing on this path of providing benefits packages that meet their employee’s needs will work in many employers’ favor when it comes to attracting and retaining top-quality candidates.
.webp)
.svg){kind=small}
.svg){kind=small}
.svg){kind=small}
