Industry Benefits Summary

Employee Benefits Summary in the Building Management and Maintenance Services Industry

A Growing Building Management and Maintenance Service Industry Leads to High Demand of Quality Talent

The building management and maintenance service industry is growing at a rapid pace. Building management employees are varied and vast, representing a lot of separate industries under one umbrella service. There are plumbers, electricians, repair workers, foremen, and heating and cooling professionals all working together to upkeep, restore, and improve every aspect of large residential and commercial buildings.

With all these employees working together for the same cause, every business owner needs to develop the perfect employee benefits package to attract the top talent. The best building services employee benefits include health, dental, and vision insurance, as well as life insurance, disability coverage, and paid time off.

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The Building Management and Maintenance Employment Summary

As of January 2021, there are 261,179 building management and maintenance companies in the United States, employing more than 3 million individuals. As a predominantly male industry, each company averages 12 employees, with the median age of each employee being 42.

Building Management and Maintenance Services Insurance Benefits Comparison

50%

What percent of Building Management and Maintenance Services companies offer medical insurance?

  • Only 50% of all building management and maintenance service companies offer medical benefits to their employees. This is well below the national average of 69%.
  • The average flat monthly employer premium for family coverage is $955. The national average is $1,121.
  • The average flat monthly employer premium for single coverage is $406, slightly lower than the national average of $458.

21%

What percent of building management and maintenance services offer short and/or long-term disability insurance?

Only 21% of building management and maintenance service companies offer access to short-term disability plans, which is half of the national average of 42%. Additionally, 14% provide long-term disability insurance, with the national average being 34%.

30%

What percent of building management and maintenance service companies offer life insurance?

Less than one third of building management and maintenance service companies offer life insurance, lower than the national average of 56%.

8%

Do building management and maintenance service companies provide access to paid family leave?

  • Only 8% of building management and maintenance service companies provide access to paid family leave. The national average is 20%.
  • Unpaid family leave is offered at 79% of these companies, compared to the national average of 88%.
  • 36% of companies offer consolidated leave plans, with the national average being 44%.

Summary

The building management and maintenance services industry falls below the national average for employee benefits as a whole. A comprehensive employee benefits package is key to not only attracting the right employees for your business’s needs, but to ensure they stay with you for as long as possible. It is incredibly important for all building management companies to provide an all-inclusive, competitive employee benefits package as a way to make their employees feel valued and appreciated by their employers.

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