Special Report

Industries With the Best (and Worst) Benefits

Source: YakobchukOlena / iStock

3. Information
> Share of workers with paid time off: 92.1%
> Share of workers with health insurance: 91.1%
> Share of workers with no major benefits: 5.7%
> Avg. annual pay: $98,458

Information is a broad industry category covering occupations in a range of fields, including film, publishing, software, telecommunications, and data processing. Workers in the industry are among the most likely in the private sector to report comprehensive benefit coverage. Some 58.5% of industry workers report some form of employer-sponsored tuition assistance or reimbursement program, a significantly higher share than the average nationwide. Additionally, the industry is one of only three in the private sector in which more than 90% of workers are offered employer-sponsored health care as well as paid vacation and sick days. Notably, 58.2% of industry workers also benefit from a profit sharing or stock option program, the largest share of any private industry.

Source: Szepy / iStock

2. Management of companies and enterprises
> Share of workers with paid time off: 93.0%
> Share of workers with health insurance: 92.8%
> Share of workers with no major benefits: 4.4%
> Avg. annual pay: $115,325

Management positions span all industries. Such jobs generally come with a relatively high level of responsibility, high pay, and good benefits. The typical private sector manager earns $115,325 a year, more than double the average pay across all private sector jobs. Managers are rarely without comprehensive benefits. Some 93.0% of managers receive paid time off and 92.8% have access to company-sponsored health insurance. Additionally, the management sector is one of only two in which over half of all workers can take advantage of stock options or profit sharing programs. Just 4.4% of private sector managers work receive no major benefits, the smallest share of any sector.

Source: Wand_Prapan / iStock

1. Utilities
> Share of workers with paid time off: 94.2%
> Share of workers with health insurance: 91.5%
> Share of workers with no major benefits: 4.9%
> Avg. annual pay: $102,868

Employers in the utilities sector, which includes power generation and distribution, provide the most widespread benefits coverage of any major industry. Private sector utilities employees have the highest or second highest recipiency rates in four of the five major benefit categories. In the industry, 73.4% of workers can take advantage of tuition assistance and 87.9% have access to a retirement program with employer matching, compared to private sector shares of 36.2% and 60.7%, respectively. Over 95% of workers in the industry have at least one of the five major types of benefits, which include profit sharing and retirement plan contribution, as well as tuition assistance, paid holidays, and health insurance.

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