The Transportation Equipment Manufacturing Industry Employment Summary

There are about 10,000 transportation equipment manufacturing organizations nationwide, employing over 1.1 million professionals. On average, each business is on the larger side, with only 117 staff members. This is a male-dominated industry, with only 22% of employees identifying as female, and the average employee age is 44 years old.

The Transportation Equipment Manufacturing Industry Industry Insurance Benefits Comparison

What percentage of these employers offer medical insurance?

• 91% offer access to medical insurance. This is well above the national average of 69%.
• These businesses provide an average monthly employer premium of $1,234 for family coverage. This is above the national average of $1,121.
• Additionally, they provide an average monthly employer premium of $452 for individual coverage. This is in-line with the national average of $458.

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

65% of these employers offer short-term disability coverage, and 49% offer long-term disability insurance. The national average is 42% and 34%, respectively.

What percentage of these employers offer life insurance?

81% offer access to a life insurance plan. Comparatively, the national average is 56%.

Do these employers provide access to paid family leave?

• 18% provide access to paid family leave. The national average is 20%.
• 92% provide access to unpaid family leave. The national average is 88%.
• 33% offer consolidated leave plans. The national average is 44%.

Summary

All in all, the transportation equipment manufacturing industry stands above the national industry standard of providing employees with all-inclusive employee benefits packages. However, there are still some improvements that can be made, such as providing more options for paid family leave and retirement savings plans to meet all their employee’s needs. Once these changes are made, employers will realize that comprehensive transportation equipment manufacturing employee benefits are key to creating a healthy, productive work environment. And as a result, employers will experience decreased costs, higher efficiency levels, and stronger teams.

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