Coronavirus Job Retention Scheme

Carl Wright
by Carl Wright

Coronavirus Job Retention Scheme

These are certainly very challenging and unprecedented times, when everyone’s priority is rightly focused on the well-being of friends, family and loved ones.

We welcome the recent government announcements and the support packages being made available to employers. Now is the time to protect jobs.

We wanted to draw our clients attention, just in case you are not already aware, to the 'Coronavirus Job Retention Scheme'. The scheme is a temporary measure open to all UK employers for at least three months starting from March 2020. It is designed to support employers whose operations have been severely affected by coronavirus. Employers can claim for 80% of 'furloughed employees' monthly wage costs, up to £2,500 a month.

Find out if your business is eligible here using this link to the full government advice. 

Please note that you must seek agreement to vary the terms of any contract of employment if you intend to implement and take advantage of the scheme and it should be done with consultation and good communication with your staff.

A 'furloughed worker' continues to have their full rights and conditions under their employment contract but they are not required or allowed to then work. Employers have the option to top up wages to the 100%.

The scheme is designed to protect jobs and avoid unnecessary redundancies. As a small business ourselves, Technical Moves welcomes the government support and the added peace of mind accessing the scheme provides. While the portal to make claims is unlikely to be available before the end of April. The scheme has been offered for an initial three month period until May 2020 but may be extended.

We highly recommend that all our clients review all the government support options available to them as protecting jobs is vital to us all.

We remain committed to supporting and offering good advice to all our clients and candidates during these difficult times. Stay safe and healthy and please continue to follow the current advice to stay at home:

https://www.gov.uk/guidance/coronavirus-covid-19-information-for-the-public