Virgin Offers New Parents A Year Of Leave On Full Pay

8 June 2015

Paternity Leave

If you're hoping to have a baby within the next five years, it might be worth your while gently trying to persuade your other half to jack in his job and apply for one at Virgin. Or scanning their jobs listings yourself, for that matter. Why?

Because the firm has announced plans to offer new fathers a year's paternity leave on full pay - but only dads who have worked for Virgin for four years or more will be eligible for the full year of leave on full pay. The package will apply to fathers who wish to take shared parental leave. But it's not just dads who stand to benefit; the firm is offering a year’s full pay for all employees with four years' service employees taking maternity, paternity or adoption leave.

Metro reports:

Most companies offer new Dads a grudging couple of weeks – but new fathers who work at Virgin will soon get up to a year on full pay. The pay is service-related, from 25% for those with less than two years’ service, to 100% for those with more than 4 years’ service. It also applies to adoptive parents.

It's a generous scheme, given that statutory paternity leave only entitles new fathers to a fortnight off work. If their average weekly earnings are £112 or more (before tax), Ordinary Statutory Paternity Pay is paid for one or two consecutive weeks at £139.58 or 90 per cent of your average weekly earnings if this is less.

It seems the move might have come as a result of Virgin founder Sir Richard Branson recently becoming a grandfather. He said:

"I believe 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."

Aw. But of course, this doesn't mean all new dads at Virgin will be sitting at home for a year twiddling their thumbs - it applies to employees who choose to opt for shared parental leave, which is the Government's new policy allowing couples to share up to 50 weeks of maternity leave between them.
But nonetheless, now is a very good time to check out those jobs at Virgin if you fancy going back to work and leaving your partner holding the baby.
We'd love to hear your thoughts on this over on our Facebook page. How would you feel if your partner was eligible for a full year of paternity leave on full pay? Do you think it's a good idea, or would you rather be the one to stay at home with your baby for a year on full pay, given the choice?
And if your partner took paternity leave when you had a child, how long did he have off work? What would you have changed, if anything?
Image credit: Pixabay

TOPICS:   Paternity leave

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