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The food and beverage stores subsector focuses on the sale of food and beverage merchandise in fixed physical locations, such as grocery stores or beer, wine, and liquor stores. Because this industry deals with perishable items, certain machinery (freezers, refrigerators, etc.) are required to display food and beverage goods.
To maintain the required sanitary and storage conditions, all food and beverage store employees must be trained in the processing of food products. By offering great employee benefits, employers will be able to narrow down the herd of applicants to only a few of these extremely qualified professionals.
Higher employee turnover rates and percentage of part time workers in food and beverage stores can make benefit offerings and administration somewhat more difficult than the average industry. The average employee demographic can range significantly from a high school senior to a retired senior citizen, each with different motivations for working. Disability plans are important as there can be a physical component to the role, from moving heavy items to stocking shelves. To create a custom benefit package, every employer needs to know their specific group of employees.
There are about 150,000 food and beverage stores nationwide, employing over 3 million professionals. On average, each store is on the smaller side, with only 21 staff members. This industry is split almost evenly between male and female employees, and the median employee age is 38 years old.
35% of employers offer short-term disability insurance, and 12% provide a long-term disability option. The national average is 42% and 34%, respectively.
42% of food and beverage store companies offer life insurance, which is again below the national average of 56%.
All in all, the food and beverage stores industry has some improvements to make if employers want to reach the national standard of providing their workers inclusive employee benefits packages. There are many opportunities for employers to increase their benefits offerings, starting with providing access to medical insurance, more paid vacation holidays, and giving ample retirement savings options.
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