Industry Benefits Summary

Furniture and Home Furnishings Stores Industry- Employee Benefits Summary

The furniture and home furnishings stores subsector involves the sale of new furniture and home furnishings from a fixed location. Since most people like to see and feel their furniture before they buy it, this often means that showrooms and warehouses are required for the presentation of products.

The best employees will have a background in or deep understanding of interior design and customer service so they can assist shoppers in a wide variety of ways. To beat out their competition and attract top talent, employers will have to offer comprehensive furniture store employee benefits packages.

Higher employee turnover rates and percentage of part time workers in furniture and home furnishing stores can make benefit offerings and administration somewhat more difficult than the average industry. The average employee demographic can range significantly from a high school senior to a retired senior citizen, each with different motivations for working. Disability plans are important as there can be a physical component to the role, from moving heavy items to stocking shelves. To create a custom benefit package, every employer needs to know their specific group of employees.

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The Furniture and Home Furnishing Stores Industry Employment Summary

There are about 51,000 furniture and home furnishings stores nationwide, employing 461,000 professionals. On average, each store is on the smaller side, with only 9 staff members. This industry is split almost evenly between male and female employees, and the median employee age is 38 years old.

The Furniture and Home Furnishing Stores Industry Insurance Benefits Comparison

53%

What percent of furniture and home furnishing store employers offer medical insurance?

  • 53% of furniture and home furnishing store companies offer medical benefits to their employees. This is much lower than the national average of 69%.
  • These businesses provide an average monthly employer premium of $948 for family coverage. This is also below the national average of $1,121.
  • Additionally, they provide an average monthly employer premium of $424 for individual coverage. This is below the national average of $458.

35%

What percentage of furniture and home furnishing store employers offer short and/or long-term disability insurance?

35% of employers offer short-term disability insurance, and 12% provide a long-term disability option. The national average is 42% and 34%, respectively.

75%

What percent of furniture and home furnishing store employers offer life insurance?

42% of furniture and home furnishing store companies offer life insurance, which is again below the national average of 56%.

17%

Do furniture and home furnishing store employers provide access to paid family leave?

  • 17% of furniture and home furnishing store companies provide access to paid family leave compared to the national average of 20%.
  • Unpaid family leave is offered at 90% of furniture and home furnishing store companies, compared to the slightly lower national average of 88%.
  • Consolidated leave plans are used in 39% of furniture and home furnishing store companies, compared to the national average of 44%.

Summary

As a whole, the furniture and home furnishings stores industry needs to make some improvements to reach the national standard of providing all-inclusive benefits packages to their employees. There are a lot of opportunities for these employers to amp up their furniture store employee benefits, such as offering more access to insurance plans, increasing the number of paid vacation days given, and providing ample retirement savings options.

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