The warehousing and storage industry provides facilities for the warehousing and storage of general merchandise, refrigerated goods, and various other products. This industry plays a major role in the logistics of businesses throughout the world; though they do not sell the goods they hold, they are exclusively responsible for keeping them secure and may provide additional distribution services.
Skilled workers are essential in this sector. Industrial truck and tractor operators are required to possess certain certifications while transportation, storage, and distribution managers must know the ins and outs of how to handle, store, and move the products they’re in charge of. Only businesses offering excellent warehouse employee benefits will be considered by top candidates.
For example, in the warehousing and storage industry, a higher amount of physical labor can result in an increased number of workers comp claims and higher overall medical expenses. Becuase of this, quality short and long term disability plans are important. With a higher percentage of males in the industry, this demographic places importance on access to employer sponsored healthcare and 401K match. Additionally, wellness programs are playing an increasing importance for the industry. Most employees now have access to smartphones and take an active role in offerings, which differs from plans from 5-10 years ago.
There are about 17,000 warehousing and storage facilities nationwide, employing 914,000 professionals. On average, each business is mid-sized with 54 staff members. This is a male-dominated industry, with only 34% of employees identifying as female, and the median employee age is 37 years old.
50% of warehousing and storage employers offer short-term disability coverage, and 29% offer long-term disability insurance. The national average is 42% and 34%, respectively.
73% offer access to a life insurance plan. Comparatively, the national average is 56%.
All in all, the warehousing and storage industry provides their employees with well-thought-out and comprehensive employee benefits packages, as per the national industry standard rates. However, employers in this industry can still make some improvements, such as providing more long-term disability and paid family leave options to better meet their employee’s needs.
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