Updated: Apr 4, 2020
Thrive Partner Rotan HR Services have put some further guidance together for claiming wages costs under the Job retention Scheme following a conference call with ACAS yesterday afternoon.
The Government published guidance on making a claim for wage costs through the Coronavirus Job Retention Scheme.
The link is here
Below are some key matters in brief terms:
The Furloughed employee must have been on the employers PAYE on 28.2.20.
Employers can receive a grant to cover the lower of 80% of an employees' regular wage or £2500 per month, plus associated employer NI contributions and minimum auto enrolment employer pension contributions on that subsided wage.
The employee's salary as of 28.2.20. should be used to calculate the 80%. Fees, commission and bonuses should not be included.
For employees whose pay varies then the guidance sets out an averaging option or using the same month's earnings from the previous year.
Only one claim can be submitted every 3 weeks, which is the minimum period a person can be furloughed for. This means you could rotate your furloughed employees on a 3-week cycle.
In agreeing any such changes to the employees' terms and conditions normal employment law applies.
The article is worth reading and I would recommend that you read it in full.
If you want a Furlough Worker Agreement Letter or help with this do not hesitate to contact me.
If your business needs short term cash flow support, you may be eligible for a Coronavirus Business Interruption Loan.
For more information, please click the following links
For more information on how to best prepare and manage your people thorugh Covid19 you can contact Rotan HR Here