- On June 17, 2015
Virgin Group Gives more Parental Leaves for their Employees
Richard Branson, founder of Virgin Group, decided to provide qualified staff parental leave with FULL pay up to one year upon giving birth or adopting a child. As a grandfather of three, Mr. Branson seemed to be committed to protecting and promoting the welfare of his employees outside of work by granting extended leaves with full pay until they return, unlike in the UK, where employees receive partial pay during parental leave. Most importantly, their place at work is secure when they decide to return.
Like the Virgin Group, some companies have adopted policies to become more family friendly. For example, Google has set out to support the members of a family when one of their employees pass away during employment. Goldman Sachs has provided new fathers with more paid leave with the addition of a newborn baby to their family. Vodafone offers 16 weeks of maternity leave fully paid to all mothers with a newborn baby. In addition to some giant corporations, many governments across the world recognize the necessity for time off in support of the family.
As these companies and governments have shown, the recent decision to expand support for paternity leave would not have a significant effect on the United States’ economy. Contrary to what the increasing announcements from big companies supporting family values may imply, less than 60% of all employers in the US provide any pay during paternity/maternity leave. Despite the signs of the economy's recovery, there was a decline in parental leave in the US workforce.