Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Careers

52 Weeks of Paid Parental Leave


Monday, 15th June 2015 at 12:06 pm
Xavier Smerdon, Journalist
A major airline has unveiled a paid parental leave scheme that is being heralded as one of the most generous in the world.

Monday, 15th June 2015
at 12:06 pm
Xavier Smerdon, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
52 Weeks of Paid Parental Leave
Monday, 15th June 2015 at 12:06 pm

A major airline has unveiled a paid parental leave scheme that is being heralded as one of the most generous in the world.

Virgin founder Richard Branson announced last week that his staff would be entitled to an entire year of shared paid parental leave, regardless of their gender.

The move will mean that staff members that take advantage of the UK’s new Shared Parental Leave legislation will receive 100 per cent of their wage for 52 weeks.

Shared Parental Leave came into force in the UK on April 5 2015. It is available to working parents in the first year following the birth or adoption of a child, and is designed to give parents more flexibility to share childcare responsibilities.

As part of its benefits package, Virgin Management – the investment and brand licensing office at the heart of the Virgin Group – will allow parents, including adoptive parents and irrespective of gender, to receive up to 100 per cent of their basic salary over the 52 week period of shared parental leave.

The pay is 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.

“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.

“This is a ground-breaking move from Virgin Management, which demonstrates that the health and wellbeing of our people is at our core. 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.”

Branson 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.”

However Forbes reported that there were some catches in Virgin’s announcement.

“In a sprawling worldwide group with 50,000 employees, the policy applies to fewer than 140 employees in London and Geneva who work for Virgin Management, the company’s investment and brand licensing arm,” Forbes said.

“Employees who take parental leave are eligible for the full salary benefit only if they’ve worked there for at least four years. Those who have put in a minimum of two years can take the full year of leave but at just 25 per cent of their salary.”


Xavier Smerdon  |  Journalist |  @XavierSmerdon

Xavier Smerdon is a journalist specialising in the Not for Profit sector. He writes breaking and investigative news articles.

Guide to Giving

FEATURED SUPPLIERS


Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

...


HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Yes we’re lawyers, but we do a lot more....

Moores

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Recruitment Expert Says NFPs Need Thorough Process to Hire Honest Candidates

Luke Michael

Friday, 22nd September 2017 at 4:50 pm

Disability Employment Advocates Welcomed into the Hall of Fame

Wendy Williams

Friday, 8th September 2017 at 4:41 pm

Disability Employment Sector Must Harness Platform Innovation

Wendy Williams

Friday, 8th September 2017 at 4:00 pm

Employment Organisation Reaches Out to Asylum Seekers Caught in the Crackdown

Wendy Williams

Monday, 4th September 2017 at 8:52 am

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!