.svg)
.jpg){kind=spacer}
The transportation equipment manufacturing industry works with the manufacture and production of the various equipment needed for transporting people and goods. This includes the manufacturing of motor vehicles and parts, aircraft, ships and boats, and railroad rolling stock. As a whole, the transportation equipment manufacturing industry is growing at a steady rate, and a strong market like this needs to present an all-encompassing benefits program to retain talent.
As the industry is broad and encompasses many facets of manufacturing, the benefits plan should be customizable to ensure different working shifts and employee needs. A higher amount of physical labor in this industry can result in an increased number of workers comp claims and higher overall medical expenses, making quality short and long term disability plans important.
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.
65% of these employers offer short-term disability coverage, and 49% offer long-term disability insurance. The national average is 42% and 34%, respectively.
81% offer access to a life insurance plan. Comparatively, the national average is 56%.
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.
.png){kind=small}
.png){kind=small}
%20(1).png){kind=small}
.avif)
.avif){kind=small}
.avif){kind=small}
.avif){kind=small}
.svg)
.svg)