The Government’s new initiative to support businesses through the Coronavirus pandemic was launched a week ago. The Job Support Scheme will continue on from the Coronavirus Job Retention Scheme (CJRS) as a way to help businesses retain staff and avoid redundancies, while the effects of lockdown and economic downturn continue to bite.
The Job Support Scheme is available for all businesses and/or employees regardless of whether they claimed during the Coronavirus Job retention Scheme. Large businesses will be required to complete a financial assessment before being eligible whereas small and medium sized businesses will automatically qualify.
The scheme requires an employee to work a minimum of 1/3 of their normal working week with a 1/3 of the their remaining unworked ‘furlough’ being paid by the employer and 1/3 by the Government. This equates to a employee receiving a minimum of 77% of their normal salary for working reduced hours.
We have created a simple visual factsheet illustrating the key points about how the scheme works and how the salary is calculated.
You can also find out more about the Job Support Scheme at the gov.uk website