The job support scheme (JSS) will open on 1 November 2020 and run for 6 months.
As part of the scheme a 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 of all sizes will be eligible for the new scheme but large organisations will need to demonstrate that their turnover is reduced as a result of COVID-19.
Eligible employees will be those on the PAYE payroll at 23 September 2020 that are working for at least 33% of their usual hours.
Employers using the Job Support Scheme will also be able to claim the Job Retention Bonus if they meet the eligibility criteria.
If your business is eligible for the Job Retention Bonus (JRB) You will be able to claim it between 15 February 2021 and 31 March 2021.