Yesterday the Chancellor announced the introduction of the Job Retention Bonus.
This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 312021. The bonus will provide additional support to retain employees.
To be eligible, employees will need to:
• earn at least £520 per month (above the Lower Earnings Limit) on average for November, December and January
• have been furloughed by you at any point and legitimately claimed for under the Coronavirus Job Retention Scheme
• have been continuously employed by you up until at least 312021.
Employers will be able to claim the bonus from February 2021 once accurate RTI data to 31January has been received. More information about this scheme will be available by 31so we will keep you updated!