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Businesses in the auto mechanics industry are those that diagnose, adjust, repair, and overhaul automotive vehicles. This includes car dealers, gasoline station owners, car repair shops, car detailing shops, and automotive parts, tires, and accessories stores.
This industry has a positive financial trajectory for the upcoming years. To sustain this newly expected growth, there is a need for automotive employers to attract quality and experienced professionals. The best way to do this is by offering a comprehensive benefits package, with medical, vision, and dental insurance, disability coverage, a life insurance plan, and paid vacation time off.
There are about 163,000 automotive companies across the nation, with 910,000 employees. Businesses in this industry are small, with an average of just 6 employees each. This is a predominantly male field, with only 9% of employees identifying as female, and the average age of each worker is 43 years old.
Only one-fourth 25% of car repair shops offer short-term disability insurance, and 19% provide long-term disability insurance. Comparatively, the national average is 42% and 34%.
32% of these businesses offer life insurance coverage. The national average is 56%.
The automotive industry falls short of the national average for many employee benefits offerings, including offering medical insurance, disability coverage, access to paid family leave, and retirement packages. If employers were to amp up their offerings, it would give quality employees more of an incentive to apply to join their teams. And when more top-notch employees come on board, the automotive industry will continue to thrive.
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