IRRV Alert - week ending 25th September 2020
News
Job Support Scheme (24 September 2020)
Policy paper
Job Support Scheme
This Job Support Scheme factsheet explains what is covered by the grant, which employers and employees are eligible, and how to claim.
Published 24 September 2020
From:
Documents
Job Support Scheme
PDF, 102KB, 4 pages
Details
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.
Published 24 September 2020