The new Job Support Scheme is due to commence on 1st November and run for 6 months. Its stated aim is to protect jobs that would otherwise be viable were it not for the pandemic. Details have been announced on GOV.UK that also include information on the Job Retention Bonus. The official announcement states:
“The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce. The scheme will open on 1 November 2020 and run for 6 months.
The company will continue to pay its employee for time worked, but the cost of hours not worked will be split between the employer, the Government (through wage support) and the employee (through a wage reduction), and the employee will keep their job.
The Government will pay a third of hours not worked up to a cap, with the employer also contributing a third. This will ensure employees earn a minimum of 77% of their normal wages, where the Government contribution has not been capped.
Employers using the Job Support Scheme will also be able to claim the Job Retention Bonus if they meet the eligibility criteria.”
You can download the factsheet from the link below that includes information for employers and employees.
If your income has been impacted by the COVID-19 pandemic, even if you are receiving help through one of the Government’s schemes, you should seek help from Citizens Advice to establish if you are entitled to any other forms of financial support or get help with any debts you may have have.