HM Treasury has just announced a change to the Job Support Scheme which comes into force from 1 November for the whole of the UK. Previously, employees had to be working 33% of their hours to qualify, with the employer then picking up 33% of the cost of the unworked hours, and the Government paying the remaining 33%.
Now, employees can qualify for the scheme if they work only 20% of their normal hours. For unworked hours, employers will now only need to contribute 5%, and the government will pick up the remaining 61.67% of the cost. That means that if someone was being paid £587 for their unworked hours, the government would be contributing £543 of the cost and their employer only £44.
Employers using the scheme will also be able to claim the Job Retention Bonus (£1,000 per employee) for each employee meeting the eligibility requirements of that scheme.
The post Job Support Scheme update : 22 October 2020 appeared first on Employer Perspectives.