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

Navigating technostress: Realising AI’s potential without burning out employees

1 November 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

An exciting opportunity has arisen for an HR professional to take on the role of HR Director UK & EMEA This is a pivotal role

As Director of HR, you’ll have an exciting opportunity to bring your HR expertise to support a US business expanding in the UK business and

We’re seeking an experienced HR Director to support and add value to the current environment, you will have a chance to improve existing processes and

We are seeking a highly experienced global HR Director to join our international charity client for a period of 12 months. You will be reporting

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE