Employee Benefits Summary for the Performing Arts, Spectator Sports, and Related Industries

Learn more about the types of benefits performing arts and sports companies offer across medical, short term disability, long term disability, life, vacation and leave and financial incentives.

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Did you know 73% of Performing Arts, Spectator Sports, and Related Industries companies offer medical insurance?

Complete Benefits Guide:

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

 

The performing arts, spectator sports, and related industry subsector is part of the larger arts, entertainment, and recreation sector. These businesses are defined as those who produce, organize, and promote live presentations of athletes, musicians, dancers, singers, and other entertainers. Some common examples are Broadway musicals, event centers such Madison Square Garden, and even cruise lines.

This industry is growing steadily year over year, but it boasts quite a competitive landscape. With this in mind, not only do employers have an uphill battle to find the best talent, the employees can be picky when they choose which job offer to accept. So to entice the top-tier performers, employers need to offer quality benefits, like health insurance for performance artists, to help them stand out among a sea of competition.

As these employees are typically skilled workers, competitive benefit packages can help to attract talented employees; lower turnover rates, and 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.

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The Performing Arts and Spectator Sports Industry Employment Summary

The performing arts and spectator sports industry is quite small. As of January 2021, there are 55,000 performing arts and spectator sports organizations nationwide, employing a little over half of a million employees. Each organization has about 9 employees, with 42% being female. On average, each employee is 39 years old.

Performing Arts, Spectator Sports, and Related Industries

73% Offer Medical Benefits

What percent of performing arts, spectator sports, and related companies offer medical insurance?

  • 73% of performing arts and spectator sports organizations offer medical insurance. The national average is 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, they provide an average monthly employer premium of $510 for individual coverage. The national average is $456.
41% Offer Short-Term Disability

What percent of performing arts, spectator sports, and related companies offer short and/or long-term disability insurance?

41% of performing arts and spectator sports organizations offer access to short-term disability plans, and 53% offer access to long-term disability plans. The national average is 42% and 34%, respectively.

64% Offer Life Insurance

What percent of performing arts, spectator sports, and related companies offer life insurance?

64% offer life insurance coverage. The national average is 56%.

24% Offer PaidFamily Leave

Do performing arts, spectator sports, and related companies provide access to paid family leave?

  • 24% of performing arts and spectator sports organizations provide access to paid family leave. Comparatively, the national average is 20%.
  • Unpaid family leave is offered 87% of the time, slightly below the national average of 88%.
  • Consolidated leave plans are used in 24% of businesses, compared to the national average of 44%.

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Summary

As a whole, the performing arts, spectator sports, and all other related industries fall in line with the national standard of providing comprehensive benefits packages to their employees. In particular, the performing arts and spectator sports organizations do a great job in providing more paid vacation days than the national standard. However, to make themselves seem more competitive and enticing to employees, they can increase their offerings for consolidated leave plans and retirement benefits.