By Emma Hooper
Once again the rules regarding furlough and how to support your employees have been updated – are you aware of the latest guidance?
On 5 November 2020 the chancellor announced that the original Job Retention Scheme will be extended until March 2021, meaning that employees who have been placed on furlough will be able to receive up to 80% of their normal wages (up to a cap of £2,500 per month).
This latest announcement is intended to protect employment and job security over the winter months. The rules will be similar to those that were in place in August 2020, where the government will pay 80% of unworked hours, with the employer only needing to pay the ER NI and pension contributions.
As part of the scheme, anyone who has been made redundant since 23 September may be rehired and put back on furlough.
If you have any questions regarding the scheme please contact our team who will be more than happy to help by emailing email@example.com