Updated 22nd October 2020
Chancellor Rishi Sunak has announced today a further amendment to the Job Support Scheme, which is due to begin on 1 November 2020.
When originally announced, the JSS required employees to work a minimum of 33% of their normal hours. This has now been reduced to 20%, meaning that employees working as little as one day a week are now eligible for the scheme.
Additionally, the employer contribution to the ‘unworked’ hours has been significantly reduced from 33% to just 5%. This could have a huge impact on businesses and enable more employees to be kept in work.
For Example: “If someone was being paid £587 for their unworked hours, the government would be contributing £543 and their employer only £44.”
Employers will continue to receive the £1,000 Job Retention Bonus.
No changes have been made to the JSS for those businesses legally required to close.
If you require any further help or assistance with the new changes. Then please get in contact with a member of the Ward Williams HR on 01932 830664 or email sally.phillips@wardwilliams.co.uk.