Virgin Management may not be the most glamorous corner of Richard Branson's empire to work for, but the employees of Virgin Group's finance and brand-licensing branch just got a really big perk — at least those of them who will have a child or adopt one. Branson, already vying for World's Best Boss title for offering unlimited vacation to the Virgin Management staff, is now offering new parents — birth or adoption, male or female — 52 weeks of paid parental leave.
Only employees who have been with Virgin Management for four years get 100 percent of their salary for the year, but all employees get at least 25 percent. The offer is good for the roughly 140 employees at Virgin Management's London and Geneva offices. Virgin Management CEO Josh Bayliss said the new policy was inspired by Britain's new Shared Parental Leave law, which lets working parents divide 50 weeks of parental leave (37 of them paid) in any way they see fit.
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