This page contains a Flash digital edition of a book.
Employee Benefits


Tech firms in the lead “Tech companies have been first


out of the gate,” says Jeffords, and the obvious reason for that is the rise of the millennials. This demographic group, according


to the Bureau of Labor Statistics, now makes up 35 percent of the nation’s workforce, and its presence in the tech industry is disproportionally much larger. By 2025, millennials are expected to constitute 75 percent of the overall labor force. Paid parental leave is an especially


important employee benefit to these young workers because many are starting families or planning to do so soon. Mil- lennials also expect employers to allow them flexibility in how they balance their work and personal lives. “As more millennials move up


through the chain, companies need a much more results-oriented environ- ment,” says Julie Simmons, managing director of Human Capital Strategic Consulting in Fairfax. Uber tech companies such as Google and Netflix are setting a high bar on


Derek Winn of the Business Benefi ts Group of Fairfax says about 90 percent of the tech fi rms it works with have paid parental leave.


leave policies. Google, for instance, gives birth mothers 18 weeks of paid leave and other caregivers 12 weeks. Netflix guarantees new parents unlimited time off for a year. Leave policies among Virginia’s tech


sector are more modest. The Northern Virginia Technology Council, for example, instituted a two-week, fully paid leave policy a few years ago, which


its 21 employees can access for parental leave or to take care of family issues. “Morale-wise, it’s been very popular,” says Christine Kallivokas, the council’s chief operating officer. Policies at other Virginia tech


companies seem to be a rather closely guarded secret, but senior benefits con- sultant Derek Winn of the Business Ben- efits Group of Fairfax says that his firm


Hometown friendly. Multi-state strong.


Daryl Russell Employee Benefits Charlottesville


Brad Edwards, CIC, AAI Employee Benefits Fredericksburg / Richmond


Lewis Mundin Employee Benefits Lynchburg / Staunton


David Rowe


Employee Benefits Richmond


Jackie L.Taff, LUTCF, RHU Employee Benefits Winchester


Mike Atwood


Employee Benefits Wytheville/New River Valley


An independent insurance agency serving the needs of businesses and individuals in the Mid-Atlantic. EMPLOYEE BENEFITS | BUSINESS | HOME | AUTO | LIFE | HEALTH


CALL: 800-541-1419


Virginia: Bedford • Bowling Green • Charlottesville • Danville • Eastern Shore • Fairfax • Fredericksburg • Harrisonburg Lexington • Lynchburg • Newport News • Portsmouth • Richmond • Roanoke • Staunton • Sutherland • Winchester • Wytheville North Carolina: Asheville • Elizabeth City • Kitty Hawk • Plymouth BankersInsurance.net


Photo by Mark Rhodes


www.VirginiaBusiness.com


VIRGINIA BUSINESS


59


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88