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A Large Industry Requires Employee Benefits to Keep Up With Demand for Quality Talent
Staffing agencies operate within the business services industry and work with organizations of all shapes and sizes to find employees. These agencies help to fill contract, temporary, and full-time positions and are part of a booming industry that has experienced year-over-year growth.
Even though staffing agencies work to help others build their businesses, staffing agency owners need to look inwards and make sure they take care of their employees with the same level of diligence and respect they use with others. This includes providing staffing agency employee benefits such as medical, dental, and vision insurance, disability insurance, life insurance, and paid vacation time.
Staffing agencies are quite big compared to other businesses. More than 53,000 agencies are employ over 6.5 million people nationwide. On average, there are 122 employees per agency, with 59% identifying as female. The median age of each employee is 42 years old.
Not many staffing agencies offer disability insurance. Only 21% of staffing agencies offer short-term disability plans, when the national average is 42%. Just 14% provide long-term disability insurance, with the national average being 34%.
36% of staffing agencies offer life insurance, lower than the national average of 56%.
As a whole, staffing agencies fall short of providing comprehensive employee benefits, compared to the nationwide standard. Offering a quality package of employee benefits will attract talent while providing consistency for your business, saving money in the long run. There is a need for staffing agencies to choose the right benefits for their employees to promote trust, productivity, and value in the workplace.
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