Last week the government announced a new Job Retention Bonus (JRB), which would see a £1,000 bonus paid to employers who keep on their furloughed employees beyond the end of the furlough scheme in October. If employers wish to rely on the JRB, they will need to consider the following:
- furloughed employees will need to be continuously employed through to the end of January 2021.
- the government will provide a one-off £1,000 reward for every furloughed employee. Payments are due to be made from February 2021.
- the employees must have earned at least the lower earnings limit of £520 per month between November and the end of January 2021.
Bates Wells Solicitors have produced this very helpful summary of the scheme and further guidance on flexible furlough.
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