The Telecommunications Industry Employment Summary

There are around 61,000 telecommunication companies across the nation, employing over 1.07 million individuals. Businesses in this industry are on the smaller side, with an average of 18 employees each. 41% of their employees identify as female, and the median age of each worker is 42 years old.

Telecommunications Industry Benefits Comparison

What percent of telecommunications companies offer medical insurance?

• 86% of telecommunications companies offer medical insurance, well over the national average of 69%.
• These firms provide an average monthly employer premium of $1,240 for family coverage. This is slightly above the national average of $1,121.
• They also provide an average monthly employer premium of $463 for individual coverage. Again, this is slightly over the national average of $456.

What percent of telecommunications companies offer short and/or long-term disability insurance?

75% of telecommunications businesses offer short-term disability insurance, and 72% provide long-term disability insurance. Comparatively, the national average is 42% and 34%, respectively.

What percent of telecommunications companies offer life insurance?

79% of these businesses offer life insurance coverage. The national average is 56%.

Do telecommunications companies provide access to paid family leave?

• 47% provide access to paid family leave, well over the national average of 20%.
• Unpaid family leave is offered 92% of the time, and the national average is 88%.
• Consolidated leave plans are used in 44% of businesses, in line with the national average.

Summary

As a whole, the telecommunications field offers competitive benefits, with most of their offerings being well above the general industry standard nationwide. There is only one benefit, retirement offerings, that companies in this industry can increase to be aligned with other industries.

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