The Company Management Industry Employment Summary

There are about 56,000 company management businesses nationwide, employing more than 3.4 million individuals. Compared to other industries, businesses in company management are quite large, with an average of 61 employees each. There are almost an equal number of male and female employees in this field, and the average age of each worker is 42 years old.

Company Management Benefits Comparison

What percent of company management firms offer medical insurance?

• 73% of company management businesses offer medical insurance. This is above the national average of 69%.
• These firms provide an average monthly employer premium of $1,064 for family coverage. This is slightly below the national average of $1,121.
• Additionally, they provide an average monthly employer premium of $433 for individual coverage. Again, this is slightly below the national average of $456.

What percent of company management firms offer short and/or long-term disability insurance?

44% of company management businesses offer short-term disability insurance, and 43% provide long-term disability insurance. Comparatively, the national average is 42% and 34%, respectively.

What percent of company management firms offer life insurance?

58% of company management firms offer life insurance coverage. The national average is 56%.

Do company management firms provide access to paid family leave?

• 23% provide access to paid family leave, slightly above the national average is 20%.
• Unpaid family leave is offered 86% of the time, and the national average is 88%.
• Consolidated leave plans are used in 48% of companies, compared to the national average of 44%.

Summary

In summary, the company management industry’s benefits offering is in-line with other organizations across the country. To improve their standing, businesses in this industry can improve their average monthly premium health insurance costs for both individual and family plans, increase the number of paid vacation holidays, and amp up their retirement offerings. Doing so will lead to increased employee satisfaction and productivity, which results in decreased costs for the business as a whole.

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