Industry Benefits Summary

Taxis, Buses, and Subway Transit Industry- Employee Benefits Summary

Taxis, buses, and subway transit fall under the overarching umbrella of the passenger vehicle drivers industry. With the ultimate goal of transporting people from place to place, drivers are expected to know the layout of the area they are working in as well as possess any special certifications or licenses for the vehicle they’re operating.

Employment rates in this industry are expected to rise a whopping 11% in the next eight years. Increased competition will force businesses to get creative in order to bring the best candidates to their door. Generally speaking, transit employee benefits packages include access to health, vision, and dental insurance, paid time off, life insurance plans, disability coverage, and retirement savings.

How do your benefits compare to other taxis, buses, and subway transit companies?
How do your benefits compare to other taxis, buses, and subway transit companies?
Download Your Custom Benefits Report Now

The Taxis, Buses, and Subway Transit Industry Employment Summary

There are about 35,000 taxi, buses, and subway tour organizations nationwide, employing 636,000 professionals. On average, each business is small, with 18 staff members. This is a male-dominated industry, with only 24% of employees identifying as female, and the median employee age is 44 years old.

The Taxis, Buses, and Subway Transit Industry Insurance Benefits Comparison

84%

What percentage of transportation employers offer medical insurance?

  • 84% offer access to medical insurance. This is well above the national average of 69%.
  • These businesses provide an average monthly employer premium of $1,219 for family coverage. This is in-line with the national average of $1,121.
  • Additionally, they provide an average monthly employer premium of $487 for individual coverage. This is just above the national average of $458.

50%

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

50% of transportation employers offer short-term disability coverage, and 29% offer long-term disability insurance. The national average is 42% and 34%, respectively.

73%

What percentage of transportation employers offer life insurance?

73% offer access to a life insurance plan. Comparatively, the national average is 56%.

10%

Do transportation employers provide access to paid family leave?

  • 10% provide access to paid family leave. The national average is 20%.
  • 94% provide access to unpaid family leave. The national average is 88%.
  • 24% offer consolidated leave plans. The national average is 44%.

Summary

Overall, the taxis, buses, and subway transit industry provides their employees with comprehensive employee benefits packages, as per the national industry standard.

Next Up

The Market Employment Summary for November 2024
Each month, Mployer Advisor breaks down the Bureau of Labor Statistics’ most recent State Employment and Unemployment Summary to highlight some employment trends across various markets. This is an overview of November’s report. 
The Most Common Job Openings Of The Future
‍In this piece, we take a look at what kind of job openings are going to be most prevalent between now and 2033, as well as the education level needed to access those opportunities.
3 Questions That Will Determine How The 2024 Elections Impact Employer-Sponsored Healthcare
Now that the 2024 elections are mostly in the books, how will the shifting balance of power affect employer-sponsored healthcare?