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British Company Offers a Full Year of Paid Paternal LeaveVirgin Group has modified its benefits following UK government paternal leave policy updates
Photo Source: virgin.com
A British company has just announced that it now gives a full year of paid paternal leave to its employees.
Multinational conglomerate Virgin Group now offers up to a year of paid paternal leave, be it for a new father or those with adoptive children, in a statement said by Founder Richard Branson and Virgin Management CEO Josh Bayliss.
“This is a ground-breaking move from Virgin Management, which demonstrates that the health and wellbeing of our people is at our core,” said Bayliss.
There are a few exceptions, however. Only employees who have worked for the company for at least 4 years can have their salaries in full. Those who have only been with the company for less than 2 years will receive only 25% of their pay.
Also, the offer only covers employees for Virgin Management, which employs about 140 people.
This new benefit arose from the UK’s recent decision to allow working parents to take 52 weeks shared leave, meaning that a couple could either take turns in availing their full leaves or take shared parental leave at the same time.
In the Philippines, maternity leave benefits reach up to 60 days or two months. Paternity leave only allows a maximum of a meager seven days. Within the last two years, Senator Antonio Trillanes III, 1st District of Albay Representative Edcel Lagman and Senator Nancy Binay are among those who have been lobbying for extended paternal leaves.
June 10, 2015. "Virgin Management announces shared parental leave policy". virgin.com
June 9, 2015. "Virgin just upped the ante for other companies with its new parental leave policy". businessinsider.com
June 9, 2015. "Richard Branson grants new fathers at Virgin up to 12 months' paternity leave on full pay". independent.co.uk
April 6, 2015. "Lawmaker wants paternity leave extended from 7 to 30 days". philstar.com
February 20, 2015. "Senator seeks to increase maternity leave from two months to four months". gmanetwork.comADVERTISEMENT - CONTINUE READING BELOW