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
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