The Software and Technology Development Industry Employment Summary

There are about 144,000 software and technology development organizations nationwide, employing over 1.8 million professionals. On average, each business tends to be on the smaller side, with 25 staff members. This is a male-dominated industry, with only 27% of employees identifying as female, and the median employee age is 42 years old.

The Software and Technology Development Industry Insurance Benefits Comparison

What percentage of software and technology development employers offer medical insurance?

• 87% of software and technology development companies offer medical benefits to their employees. This is well above the national average of 69%.
• These businesses provide an average monthly employer premium of $1,032 for family coverage. This is also above the national average of $1,121.
• Additionally, they provide an average monthly employer premium of $433 for individual coverage. This is below the national average of $458.

What percentage of software and technology development employers offer short and/or long-term disability insurance?

60% of employers offer both short-term and long-term disability protection. The national average is 42% and 34%, respectively.

What percent of software and technology development employers offer life insurance?

75% of software and technology development companies offer life insurance, which is again above the national average of 56%.

Do software and technology development employers provide access to paid family leave?

• 33% of software and technology development companies provide access to paid family leave compared to the national average of 20%.
• Unpaid family leave is offered to 90% of software and technology development companies, compared to the slightly lower national average of 88%.
• Consolidated leave plans are used in 63% of software and technology development companies, compared to the national average of 44%.

Summary

As a whole, the software and technology development industry stands above the national industry standard for providing comprehensive benefits packages to their employees. There is some room for improvement, such as providing higher employer premiums for individual and family coverage, which employers can change to meet national guidelines. Once these changes are made, employers in this industry will realize how important all-inclusive employee benefits for software and technology development professionals are for attracting and retaining top talent for years to come.

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