The details have now been announced on the retention scheme aimed at securing employment for those employees previously furloughed.

If you continue employment between the period of November 2020 and January 2021 for those previously furloughed employees the government will provide you with a £1,000 bonus if you meet the below criteria.

Claim for employees who:

• were furloughed and had a Coronavirus Job Retention Scheme claim submitted for them that meets all relevant eligibility criteria for the scheme:
• have been continuously employed by the relevant employer from the time of the employer’s most recent claim for that employee until at least 31 January 2021
• have been paid an average of at least £520 a month between 1 November 2020 and 31 January 2021 (a total of at least £1,560 across the 3 months). The employee does not have to be paid £520 in each month, but must have received some earnings in each of the three calendar months that have been paid and reported to HMRC via RTI;
• have up-to-date RTI records for the period to the end of January
• are not serving a contractual or statutory notice period, that started before 1 February 2021, for the employer making a claim

If you have any questions regarding the above scheme, then please do not hesitate to get in touch with a member of the team today.