Company management is a broad term and includes any business, organization, and/or firm that has controlled interest and can administer, oversee, and make decisions of that company. Management companies are those that perform the essential activities within any business and can be found in almost every industry. They tend to be grouped as a subsector to make it easy to notice change, growth, and any other trends that may be all-encompassing and thematic from business to business.The company management subsector is part of the robust professional and business services industry.
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.
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.
58% of company management firms offer life insurance coverage. The national average is 56%.
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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