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Tutorial - Understanding the Coronavirus Job Retention Scheme
Manage episode 336151863 series 3211717
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In this Tutorial we cover the recent Coronavirus Job Retention Scheme, in which the Government have confirmed they will support jobs with a 80% salary support up to a maximum of £2,500.
In this Tutorial we cover the following areas:
1. What are the Eligibility Criteria?
2. Furlough and the Underlying Principles;
3. Can Furloughed staff volunteer?
4. Do Furloughed staff still accrue Annual Leave?
5. Can I bring Furloughed staff back to work?
6. How can this work in your business?
7. How do you calculate individual pay?
8. Do you have to pay the additional 20%?
9. How do you apply for the Grant and when will businesses receive money?
We are an expert HR and Payroll Consultancy and therefore the advice provided within our Tutorials is based on our expertise but also on guidance that has been outlined by the Government. Our advice is not based on other sources as we seek to ensure the guidance provided is as accurate as possible. However, should there be any further updates, we will of course release more videos around this to confirm it.
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