Virgin Management has announced that some new mums and dads, including adoptive parents, will qualify for 12 months of shared parental leave on full pay.
The pay will be service-related, from 25 per cent for those with fewer than two years’ service, up to 100 per cent for those with more than four years’ service. And it only applies to 140 staff working in London and Geneva for Virgin Management, the Virgin Group’s investment and brand licensing company.
“We pride ourselves on our family-friendly and home/work life policies – from parental leave and unlimited leave to flexible working,” Josh Bayliss, CEO at Virgin Management said.
“The introduction of the new Shared Parental Leave legislation was a great opportunity for us to review our existing maternity, paternity and adoption benefits, and offer something special to our people.
“Having a child is a life-changing experience and this policy means our employees have the opportunity to enjoy time with their families and have a great career.”
Richard Branson, Founder of the Virgin Group, added: “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 our work in changing business for good.”