New Furlough Rules to Increase Staff Costs

Source: Croner

The Coronavirus Job Retention Scheme is changing.These furlough scheme updates may make it harder for you to manage your staff.
There are three major updates that will impact your business:

• The current furlough scheme will close to new entrants on the 30th of June. That means you must put any new employees on furlough by 10th June at the latest.
• A new flexible furlough scheme will launch from the 1st of July. This change will allow you to bring furloughed employees back on part-time hours and claim for the time your employees are not at work, to a set limit.
• As of August, you must begin to contribute towards furloughed employees’ wage costs. The level of contribution will increase each month until the scheme closes in October.

Funding is still available. But the new rules make it more complex, and more costly.

To get instant advice on how to unlock funding under the new rules or obtain support to reduce staff costs without falling foul of the law, contact Croner (remember to quote your scheme number).  Our experts offer quick, comprehensive answers to your most urgent HR questions. We’ll help you get your furlough process right and keep your staff costs under control.

Call 0800 470 1552 today or request a call back to claim your free advice.