The IP Management Industry Employment Summary

There are around 3,000 IP management businesses nationwide, employing 39,000 professionals. On average, each business is on the smaller side, with 14 staff members each. This industry is almost evenly split between male and female employees, and the average employee age is 48 years old.

The IP Management Industry Insurance Benefits Comparison

What percentage of IP management employers offer medical insurance?

• 69% offer access to medical insurance. This meets the national average.
• These businesses provide an average monthly employer premium of $1,134 for family coverage. This is in-line with the national average of $1,121.
• Additionally, they provide an average monthly employer premium of $484 for individual coverage. This is above the national average of $458.

What percentage of IP management employers offer short and/or long-term disability insurance?

40% of these employers offer short-term disability coverage, and 33% offer long-term disability insurance. The national average is 42% and 34%, respectively.

What percentage of IP management employers offer life insurance?

52% offer access to a life insurance plan. Comparatively, the national average is 56%.

Do IP management employers provide access to paid family leave?

• 13% provide access to paid family leave. The national average is 20%.
• 93% provide access to unpaid family leave. The national average is 88%.
• 30% offer consolidated leave plans. The national average is 44%.

Summary

Altogether, the IP management industry has some improvements they have to make in order to meet the national industry standard for providing comprehensive employee benefits packages. Employers have the opportunity to increase their benefits offerings, including providing more retirement savings options, improving disability coverage, and providing more inclusive access to paid family leave.

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