Search
Close this search box.

Government should extend furlough scheme

An open letter from CIPD Chief Executive Peter Cheese to chancellor Rishi Sunak has called on the government to extend the furlough scheme beyond March as reported by People Management.

An open letter from CIPD Chief Executive Peter Cheese to chancellor Rishi Sunak has called on the government to extend the furlough scheme beyond March as reported by People Management.

“We have been consulting with HR leaders, particularly from those in sectors hardest hit by Covid-19, [and] the message that has come back strongly is that an extension beyond March will be needed to help prevent further significant redundancies given the uncertainty around both the pandemic’s trajectory and the timing and speed of any economic recovery,” Cheese said in the letter.

Under the current iteration of the scheme, the government pays 80 per cent of furloughed workers’ wages for hours not worked, capped at £2,500 per month, while employers are only expected to pay pension and national insurance contributions. Employers pay workers as normal for hours worked.

Peter Cheese said government contributions to the job retention scheme should remain at 80 per cent throughout February and March, only dropping to 70 per cent in April and then 60 per cent in May and June.

Read more

Latest News

Read More

Rise in recruitment fraud must urgently be checked

28 March 2024

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

University of Cambridge – Judge Business SchoolSalary: £32,332 to £38,205 pa, pro rata This provides summary information and comment on the subject areas covered. Where

University of Cambridge – Judge Business SchoolSalary: £29,605 to £33,966 pa, pro rata This provides summary information and comment on the subject areas covered. Where

University of Oxford – Blavatnik School of GovernmentSalary: Grade 5: £28,759 – £33,966 per annum (with a discretionary range to £37,099) This provides summary information

Software Development Director (Exec Team Seat). Remote Working with Ellesmere Port Office-Based Minimum 1 Day Per Week. + Contribution towards membership fees. £120,000 – £140,000

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE