Virgin Management CEO introduced a new family-friendly company policy, giving male employees a year's full pay, so they can share parental leave and spend precious time with their young families. A brilliant move made by Richard Branson is the talk of entire Great Britain.

"If you take care of your employees they will take care of your business," wrote Branson on his blog. "As a father and now a grandfather 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. Being able to spend as much time as possible with your loved ones is absolutely vital, especially early on."

"If you take care of your employees they will take care of your business," wrote Branson on his blog. "As a father and now a grandfather 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. Being able to spend as much time as possible with your loved ones is absolutely vital, especially early on."

All employees at Virgin Management (that's about 140 people in London and Geneva offices) with four years or more service will now be able to enjoy enhanced shared parental leave pay up to 100% of salary for 52 weeks. But that does not mean employees with less service time won't be able to use parental leave – working dads at Virgin will also be entitled to the same stay-at-home time, but with a somewhat lesser salary.

Branson also adopted a simple, yet effective philosophy of the so-called 'unlimited annual leave', meaning all salaried employees are free to decide for themselves, without prior approval from anyone, when to take leave of absence and for how long. Of course it sounds almost too good to be true, but think about it – at the same time, employees also take responsibility for completing all projects on time or even ahead of time and for making sure their absence will not in any way damage the business. Simply put, the no-policy policy only works when you work with very responsible, well-organized and reliable staff. At Virgin, it works and the employees love it! Way to go, Branson!

July 29, 2015 Living photo: Profimedia

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