Industry Benefits Summary

Motor Vehicle and Parts Dealers Industry- Employee Benefits Summary

The Health and Personal Care Stores subsector deals with the retail of health and personal care merchandise from a fixed location. This can vary greatly depending on the establishment's main products; as a result, staff can include pharmacists and opticians as well as salespersons and, of course, cashiers.

Customers expect the employees of health and personal care stores to be educated and knowledgeable about the products they're selling. Pharmacists and specialized workers are particularly valuable and require extensive experience in their field. Attracting the most ideal candidates in a world where health has become a focus of everyday life necessitates an excellent benefits package. Only with comprehensive plans can these companies bring the best employees on board.

Higher employee turnover rates and percentage of part time workers in health and personal care 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.

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The Motor Vehicle and Parts Dealers Industry Employment Summary

There are 119,000 motor vehicle and parts dealers nationwide, employing over 2 million professionals. On average, each business is on the smaller side, with only 17 staff members. This industry is split almost evenly between male and female employees, and the median employee age is 38 years old.

The Motor Vehicle and Parts Dealers Industry Insurance Benefits Comparison

53%

What percent of motor vehicle and parts dealers employers offer medical insurance?

  • 53% of motor vehicle and parts dealers companies offer medical benefits to their employees. This is much lower than the national average of 69%.
  • These businesses provide an average monthly employer premium of $948 for family coverage. This is also below the national average of $1,121.
  • Additionally, they provide an average monthly employer premium of $424 for individual coverage. This is below the national average of $458.

35%

What percentage of motor vehicle and parts dealers employers offer short and/or long-term disability insurance?

35% of employers offer short-term disability insurance, and 12% provide a long-term disability option. The national average is 42% and 34%, respectively.

75%

What percent of motor vehicle and parts dealers employers offer life insurance?

42% of motor vehicle and parts dealers companies offer life insurance, which is again below the national average of 56%.

17%

Do motor vehicle and parts dealers employers provide access to paid family leave?

  • 17% of motor vehicle and parts dealers companies provide access to paid family leave compared to the national average of 20%.
  • Unpaid family leave is offered to 90% of motor vehicle and parts dealers companies, compared to the slightly lower national average of 88%.
  • Consolidated leave plans are used in 39% of motor vehicle and parts dealers companies, compared to the national average of 44%.

Summary

All in all, the motor vehicle and parts dealers industry has some improvements to make when it comes to providing comprehensive benefits packages to their employees. In order to meet all of their motor vehicle and parts dealers employee’s needs, there are a lot of opportunities for employers to amp up their benefits plans. For example, offering more access to insurance plans, increasing the number of paid vacation days given, and providing ample retirement savings options will go far in attracting the best candidates to their teams.

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