After the announcements on the tapering down of the furlough scheme we received a couple of weeks ago, we discussed them thoroughly in our F-Word webinar last week – a really black and white run through of what the changes mean for businesses. A recording of this webinar can be seen here (along with all other F-Word webinars I have run) if you missed it.
One thing that has come out of the new guidance is that there will be no new entrants allowed into the Coronavirus Job Retention Scheme (the Scheme) after 30 June 2020. This means that under the current furlough rules, employees must have completed 3 weeks of furlough by 30 June 2020. This doesn’t mean that they have to be actually on furlough on 30 June, just that they have to have had a 3 week furlough period by that date.
Why is this important? Well, the Scheme will close to new entrants after that date and so if you want to make use of flexible furlough from July onwards, you will only be able to do so for employees who have been furloughed under the old rules, for a full 3 week period by 30 June 2020. Not done it yet? Don’t worry you are not too late – you have until tomorrow to furlough employees to squeeze their 3 weeks in by 30 June……don’t miss it as there will be no extension to this.
Remember if you are furloughing employees you will need a furlough agreement in place. If you haven’t got one, do contact me and I can assist with this.
Still confused over the Scheme and the furlough rules? Or are you considering redundancies and have questions over the process? Whatever your query, or if you just want to chat things through, why don’t you join me on Thursday 11th June at the usual time of 9.30am with a brew and pick my brain? Click here to register.
Next week on our F-Word webinar series I will run through the new rules on flexible furlough in my usual no nonsense way – click here to pre-register for that one (it will be a biggy!), so why not use this week to get crystal clarity. Look forward to you joining me.