The billionaire has said that his staff can "take off whenever the want for as long as they want." Sounds like a good deal to us.

According to his website, Branson wrote that it wasn't necessary to ask for approval, nor indicate when they'd be back - in what sounds like the absolute best deal for Virgin Group employees ever.

Branson said that he was inspired to make the move after his daughter told him of a similar plan employed by Netflix.

"It is left to the employee alone to decide if and when he or she feels like taking a few hours, a day, a week or a month off", writes Branson. "The assumption being that they are only going to do it when they feel 100% comfortable that they and their team are up to date on every project and that their absence will not in any way damage the business - or, for that matter, their careers!"

"We should focus on what people get done, not on how many hours or days worked. Just as we don't have a nine-to-five policy, we don't need a vacation policy."

Worldwide, Virgin employs around 50,000 people in more than 50 countries. The magnate set up the company in 1970 as a mail order record company and has since expanded into the telecom, travel and financial industries.

Calls to Virgin offices were not returned, presumably because they're all on holiday.