Flexible Furlough and the Coronavirus Job Retention Scheme
The Government funded CJRS – Coronavirus Job Retention Scheme has been a life-saver for UK employers, providing crucial funding during the COVID-19 Pandemic. A solution with enough flexibility to adapt across industries and allow employers to find a way through lockdown and hopefully avoid redundancies in their staff team.
Business Support When it Was Needed
Businesses have been able to utilise this scheme to keep finances as secure as possible during this period of completely unprecedented national business uncertainty.
Many families across the country have needed to rely on the scheme to take care of their household finances. At times, the guidance has been confusing for many, while the law is completely clear.
Finding a way to understand what you need to know can be confusing, especially for those working longer hours from home and those home-schooling in between trying to make sense of new legal circumstances.
Employees on real-time payroll recorded by HMRC 19 March 2020 with any type of employment contract are eligible to claim, on the proviso that they were furloughed previously for a minimum of 3 consecutive weeks to end of June 2020, full-time, part-time, agency, flexible or zero-hour contractors.
ELHR has been working with employers and employees to guide the way through the evolving laws and documents as the situation evolves.
Keeping up to Date
It is vital to get business support to enable your furlough arrangements to work effectively for both the company and the employees. Keeping up with new information is key to staying on top of the situation and doing the best for your staff.
Recent Government guidance provided by Rishi Sunak, the Chancellor of the Exchequer from the 1 July 2020 employers were able to bring back employees flexibly & the requirement to undertake furlough 3 weeks consecutively has been removed.
This means you can bring back employees part-time & receive Government funding through CJRS – Coronavirus Job Retention Scheme up to 80% (capped at £2,500 gross per month) for any hours they don’t work.
Quick Furlough Facts
As of 1 August, whilst CJRS will fund 80% of furloughed staff payments for hours where no work has been undertaken and employers will be required to pay NI, PAYE, & pension contributions.
From the 1 September, only 70% will be funded through CJRS & respective employer contributions.
Effective from the 1st October, only 60% will be funded through CJRS & employer contributions.
The Government funded CJRS will officially close as of the end 31 October, 2020.
Getting Business Support or Employee Advice
With years of experience in Employment law and Human Resources solutions, ELHR have the key skills to take you through the legal jargon and enable you to follow the law, adapting where you need to and supporting your business with flexible furlough arrangement and the Coronavirus Job Rentention Scheme.
For further updates and information, go to our website to read more blogs, find out the full range of services we provide and discover the support we can offer to you or your business.