Richard Branson’s 12-Month Parental Leave

By Nancy Prest
11th June 2015

This week, Virgin’s Sir Richard Branson announced a groundbreaking deal that will enhance the lives of some of his staff. It is now possible for select Virgin employees to take up to 12 months of parental leave, at full pay (*scours for job at Virgin*). The offer is open to either gender of parent and those with adopted children.

Before you quit your job and join Virgin, there are two terms of condition to be aware of. Firstly, the offer is only open to staff members with over four years of service. Newer staff will be given a ratio of time off and pay, though we’d imagine it is still considerably more than statutory maternity pay. Secondly, the offer applies only to staff of Virgin Management – an overarching arm of the Virgin Group. This means that only 140 employees in total are eligible for all or part of the package.

In a statement, Sir Richard said: “If you take care of your employees they will take care of your business.

“As a father and now a granddad to three wonderful grandchildren, I know how magical the first year of a child’s life is but also how much hard work it takes.

”I’m delighted that we can offer this support to our staff so that they can enjoy parental leave to the full as we continue to our work in changing business for good.”

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