search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
Sponsored by PEOPLE ☛ WEB VERSION: Click Here


2020, not a year that most of us want to remember… Although some have thrived!


By Wendy Slater, Director, Breedon HR Northants Ltd.


It is no secret that the small and medium-sized companies took the biggest hit over the past year from the Covid-19 crisis. Few would argue that this has been the worst crisis to impact businesses in modern history. This is despite the unparalleled government support that has been extended over the period which many UK based businesses have benefited hugely from.


W


ith a total of some 4.7 million employees still on Furlough,


according to the provisional figures for February 2021, there are a lot of people still facing an uncertain future. Many simply do not know whether they will have jobs to return to. Even with the latest moves to re-open stores, sports facilities, pubs and restaurants, many businesses will not be able to restore trading to past levels. That sadly will result in redundancies.


With this top of mind, Rishi Sunak announced an extension of the furlough scheme until the end of


May


Government Contribution: wages for hours not worked


Employer contribution: employer National Insurance contributions and pension contributions


Employer contribution wages for hours not worked


For hours not worked employee receives


80% up to £2,500


Yes June


80% up to £2,500


Yes July


70% up to £,2871.50


Yes


September, which provides companies with some level of comfort, providing additional time to re-build their business before the subsidy ends completely. However, companies will need to start contributing 10 per cent in July, and 20 per cent in August and September towards wages for the hours employees cannot work.


What does this mean? The table below shows the detail. You can obviously find more information on the Government website here Furlough Scheme Extended and Further Economic Support announced - GOV.UK (www.gov.uk)


August


60% up to £1,875


Yes September


60% up to £1,875


Yes


No


80% up to £2,500


homeofdirectcommerce.com | Direct Commerce


No


80% up to £2,500


10% up to £312.50


80% up to £2,500


20% up to £625


80% up to £2,500


20% up to £625


80% up to £2,500


Continues overleaf > 37


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60