Navigating the Coronavirus Job Retention Scheme for Employers

  • Employers can claim for full-time and part-time employees under CJRS
  • Claims can be made for employees with varying pay
  • Employees must receive at least 80% of their salary or £2,500 per month
  • Workers doing online training should be paid NLW/NMW during that time
  • HMRC guidance available at https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

The Coronavirus Job Retention Scheme (CJRS) provides guidance on claiming wage costs for furloughed employees. Employers can claim for full-time and part-time workers, even if their pay varies. For employees with less than a year of service, employers should use pro-rata earnings since starting work. Furloughed workers receive 80% of salary or £2,500 per month, but must be paid NLW/NMW for training time. HMRC’s guidance is available at https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme.

Factuality Level: 8
Factuality Justification: The article provides accurate information about the Coronavirus Job Retention Scheme (CJRS) and its key points, citing official HMRC guidance. It also mentions unanswered questions that require further clarification from the government.
Noise Level: 3
Noise Justification: The article provides relevant information about the Coronavirus Job Retention Scheme (CJRS) and answers some common questions related to it. However, it also mentions unanswered questions, which indicates that there is still some uncertainty and lack of complete information.
Financial Relevance: Yes
Financial Markets Impacted: Employers and employees in the UK
Financial Rating Justification: The article discusses the Coronavirus Job Retention Scheme, which is a government program that provides financial support to employers during the pandemic. It explains how employers can claim for their employees’ wage costs and the conditions for eligibility. This has an impact on companies and employees in the UK as it helps them manage their workforce and finances during these challenging times.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours. The article discusses the Coronavirus Job Retention Scheme and its details, but it does not describe any major impact or crisis.

Reported publicly: www.retailsector.co.uk