Over a million employees are estimated to currently be on furlough or flexible furlough. With the end of the furlough scheme looming on 30 September, employers may have difficult choices to make about what they should do next.
Employers can currently claim 60% of a furloughed employee’s wages through the Coronavirus Job Retention Scheme, up to a maximum of £1,875, and must contribute the remaining 20% to ensure that employees receive at least 80% of their wages, up to a maximum of £2,500.
Exploring your options
There are a number of different avenues employers can explore once the furlough scheme ends. FIS Associate Member Citation has put together a summary detailing the options available to employers if they are unable to bring furloughed employees back to work on the same basis as before, covering everything from redundancy, to short-time working and lay-offs, to sabbaticals and secondments – and more. Read the article here.