The Coronavirus Job Retention Scheme is due to end on 30 September 2021.
In August the government’s contribution reduced to 60% (or £1,875) of employee’s wages for the hours they were not working, requiring employers to contribute at least 20% themselves. That level of contribution will stay the same throughout September, before the scheme closes at the end of the month.
With the lifting of all restrictions and the government encouraging employees to return to the office, there is currently no suggestion that the furlough scheme will be extended any further. As such, now is a good time for businesses to plan for the end of furlough and consider what steps may need to be taken, which may include consultation regarding returning to the office, flexible working patterns, changing terms and conditions or commencing a redundancy process.
The employment team have been helping businesses with these processes throughout the last 18 months and are on hand for any guidance that your business may require.
Should you require support with the implications of this on your business, please do not hesitate to contact the team.