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The computer, electronic, and appliance manufacturing industry is included in the goods-producing industries supersector. Its primary concern is manufacturing computers, communications equipment, and other similar electronic products. Working together to design, manufacture, and assemble these products is a wide-ranging field of computer hardware engineers, electrical engineers and technicians, and electronic equipment assemblers.
The rapid growth of this industry indicates that companies will need to hire new and talented employees to keep up with the demand and the pace of technological advancement. Employers advertising robust and comprehensive insurance coverage will attract the top minds in the field to work for their businesses.
A higher amount of physical labor can result in an increased number of workers comp claims and higher overall medical expenses, thus making quality short and long term disability plans important. Additionally, a higher percentage of males are in this industry, and this demographic tends to place importance on having access to employer sponsored healthcare and 401K match benefits.
There are about 18,000 computer, electronic, and appliance manufacturing plants across the country, employing over 1.13 million employees. Companies in this industry are mid-sized, with each one having an average of 64 employees. This is a male-dominated industry, with 30% of employees identifying as female, and the median employee age is 44 years old.
65% of computer, electronic, and appliance manufacturing plants offer short-term disability insurance, and 49% provide a long-term disability option. The national average for these metrics is 42% and 34%, respectively.
81% offer access to life insurance coverage. This is well above the national average of 56%.
The computer, electronic, and appliance manufacturing industry stands above the national average for providing all-inclusive employee benefits packages. There are a few opportunities for improvement, including providing access to paid family leave and consolidated leave plans, as well as boosting their retirement benefits offerings. Once these employers improve their employee benefits packages, they will notice how their business can grow and thrive.
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