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The postal service industry differs from the couriers and messengers sub-sector due to its expansive infrastructure and universal service obligation to provide mail delivery services. Employees include first-line supervisors, clerks, mail carriers, sorters, machine operators, and postmasters.
Unfortunately, the novel coronavirus has negatively impacted this vital industry; employment rates are expected to drop a staggering 14% in the next eight years. Businesses will need to offer excellent postal service employee benefits to workers handling the nation’s letters and packages.This usually includes access to medical, dental, and vision insurance, disability coverage, paid time off, a life insurance plan, and a retirement savings account.
As a whole, government entities traditionally offer very rich benefits and comes within a RFP situation for carriers. They have high requirements to participate for insurance carriers which usually leads only several plans bidding.
50% of postal service employers offer short-term disability coverage, and 29% offer long-term disability insurance. The national average is 42% and 34%, respectively.
73% offer access to a life insurance plan. Comparatively, the national average is 56%.
As a whole, the postal service industry provides its employees extensive employee benefits, comparable to the national standard. However, there still is some room for improvement, such as providing more long-term disability coverage and paid family leave options to meet their employee’s needs. Once these upgrades are made, employers will recognize how employee benefits packages are key to attracting and retaining top-quality and experienced candidates to their teams.
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