Speaking at the Labour Party Women's conference, shadow minister for women and equalities Dawn Butler said the move could help save the lives of more than 100 victims a year, and address its impact on those around them.
The time off work would provide an opportunity for men and women to find help without putting their employment at risk.
According to latest Office for National Statistics figures, 130,000 children in England and Wales live in homes where there is a "high risk" of domestic abuse.
Department for Education figures released in November revealed that domestic violence is the single most common problem experienced by children in need and is prevalent in around half of all cases (49.9 per cent).
Butler said the new employment legislation could save lives, as on average "two women a week are murdered by a current or former abusive partner".
"This crucial time will allow women and men to leave their abusive partners safely - get the help, protection and support they need knowing their livelihood is secure," she said.
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