Update: 2nd November 2020
Job Support Scheme on hold
With the Coronavirus Job Retention Scheme being extended until the end of March 2021, the Job Support Scheme, originally meant to begin on 1st November 2020, is on hold.
What is the Job Support Scheme?
The government has announced a new Job Support Scheme launching on 1st November 2020. This new scheme will safeguard viable jobs in businesses anticipating decreased demand during the winter months due to COVID-19. This scheme is open to all UK businesses, whether or not they previously took advantage of the Coronavirus Job Retention Scheme.
The scheme will run for six months and aims to keep employees connected to the workforce. If your staff are working fewer hours than normal due to low demand, you will still pay the wages for the hours they do work. However, for the hours not worked, the government and the employer will each pay a third of their equivalent salary. This means that staff members working decreased hours will still receive two-thirds of their pay for the hours unworked.
To be eligible for the scheme and to prove that their roles are viable, the employees must be working at least 33% of their usual hours. The amount of grant the business will receive will be calculated on the staff member's usual salary, with a cap of £697.92 a month. This new scheme will work in conjunction with the Job Retention Bonus, which rewards businesses who keep furloughed employees on until the start of February 2021.
More information on the Job Support Scheme will be coming shortly. In the meantime, check out the Chancellor's Winter Economy Plan in full on the gov.uk website.