New dads at Virgin Management will be able to avail of up to 12 months paid paternity leave, as part of a groundbreaking new plan introduced by founder Sir Richard Branson.
Workers who have been with the company for less than two years can take 25 per cent of the maximum leave available, with more paid leave offered up to 100 per cent (52 weeks) after four years.
The leave is available to all employees, male and female, and also applies to couples who are adopting.
Branson said: "I believe if you take care of your employees they will take care of your business.
"As a father and now a proud 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."
