Corona Virus Job Retention Grant Scheme – Furlough Leave – Update
1 The New Kickstart Scheme
- The government will fund six-month job placements with a minimum of 25 hours per week, through Universal Credit, for 350,000 young people aged 18 to 24 who are at risk of long-term unemployment.
- Under the scheme, which will open for applications in August, the government will cover the cost of 25 hours' work per week at the national minimum wage (NMW). Employers will be free to top up the payment.
- The first jobs are expected to commence in the autumn and run until December 2021, after which the scheme may be extended.
2 The Jobs Retention Bonus
- Will be paid to Employers who bring furloughed workers back into employment until January 2021. The Employer will receive £1,000 for each worker they continue to employ, as long as they are paid at least £520 per month on average across that period.
- The Furlough Scheme was update on the 1st July, to become Flexible Furlough, allowing workers to return on a part time basis up to the 31st October. Employers will be able to claim the bonus payment for anyone who has been Furloughed and remains in employment between the end of October and January and earns at least £250 per month.
3 Apprenticeship Bonus
- The government will also pay employers £2,000 for every apprentice under 25 they hire, and £1,500 for every apprentice aged 25 and over during the next six months.
Guidance provided to LRALC by Chris Moses LLM Chartered FCIPD (Personnel Advice and Solutions Ltd)
Posted: Thu, 09 Jul 2020 08:57 by Jake Atkinson