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.