Industry-specific data: 21.4% avg turnover | $55,000 avg salary | 40% replacement cost
"In construction, benefits are your #1 recruiting tool after wages. The skilled trades shortage means top electricians, plumbers, and operators can choose their employer. Companies offering medical, dental, disability, and retirement consistently win the talent war. The PEO advantage is especially strong here — you get Fortune 500-level benefits at small business prices, plus workers' comp savings that often exceed the PEO cost entirely."
— PEO4YOU Benefits Strategy Team
Medical coverage tops the list, followed by disability insurance, retirement plans (401k with match), and workers' compensation quality. Construction workers also highly value dental coverage, accident insurance, and life coverage given the physical demands of the job.
Construction firms typically see 25-55% savings on workers' compensation premiums through a PEO. The savings come from better classification codes, master policy rates, safety programs that reduce experience modification rates, and claims management expertise.
Absolutely. Even crews of 5-15 employees benefit significantly. Small construction companies often pay the highest per-employee rates for coverage. A PEO gives you access to large-group pricing, often saving $200-$400 per employee per month compared to small group market rates.
Construction companies typically see 250-500% ROI on benefits investments. The biggest drivers are reduced turnover in a tight labor market (saving $22,000+ per retained worker), workers' comp savings, and faster time-to-hire for skilled positions.
Industry data sourced from BLS JOLTS, KFF 2024, SHRM Human Capital Benchmarking, and industry association reports.
This calculator is educational. Consult with a licensed benefits advisor for plan-specific projections.