The End of the Job Retention Scheme
There is a limited amount of time left to take advantage of the Government furlough scheme. On 30th September 2021, the grant that covers a percentage of your staff wages will no longer be available.
Government contributions in July only cover 70% of staff wages, with you making up 10%. In August and September, those contributions only cover 60%, meaning you have to make up 20%.
Start planning now to make the most of the scheme while it’s still in place. This way, you can avoid making tough decisions at the last moment and keep your business in good shape.
Get expert advice on managing furlough by speaking to one of our experts today on 0800 389 0286.
Navigating the End of Furlough
Keeping your business afloat. Bringing people back effectively. Avoiding HR hiccups along the way. These are real challenges that could result in serious problems for your business if mishandled.
If your business is struggling financially, and you aren’t sure how you’ll manage without the furlough scheme, consider other ways to reduce costs. Freezing recruitment, reducing training, or holding off on pay rises are all viable options. However, before you take any of these steps, check your employment contracts. Don’t freeze a benefit if it’s contractually obligated without getting the employee’s permission first.
Don’t be afraid to use the furlough scheme while it’s still here. Re-furloughing employees, or putting them on flexible furlough, is a viable option until September 30th 2021. Doing this may provide you with the financial support you need to get your business back on track.
Don’t let standards slip during this time. You must issue each furloughed employee with a new letter each time the terms change. You must keep a record of their agreement to these terms for a minimum of five years. Need support drafting a letter, keeping records or handling employee concerns? That’s where we come in…
24/7 Furlough & Job Retention Scheme Advice for Business Owners and Employers
Our expert advisers, consultants and solicitors are ready and waiting to help you manage furlough in your business.
Employers Advice is one of the most trusted HR service-providers for businesses in the UK. With over 80 years’ experience, and more than 11,000 businesses under our wing, we know how to navigate businesses through period of uncertainty. We’ve even developed software solutions to ensure you can track furlough effectively and efficiently.
We advise employers only, so you know we have your organisation’s best interests at heart.
“Communication has been excellent and guidance with furlough has been superb with what is unknown territory for us.” Lisa Ryan
For free advice based on the Acas Code of Practice, call now on 0800 389 0286.