Government announces new details on Job Retention Bonus

Keeping you up to date with HR news & updates.

Government announces new details on Job Retention Bonus

  • Posted

The Government has published further details of the Job Retention Bonus to be paid out to employers next year.

The scheme, which is designed to support employees throughout the COVID-19 pandemic, provides employers who have furloughed employees with an incentive to retain as many as possible.

Employers who keep staff on after furlough until at least January 2021 will be eligible for a £1,000 bonus.

The bonus is the same amount for each employee irrespective of their actual wages. To receive the bonus, the employer must have paid a salary of at least £1,560 to the employee between 6 November 2020 and 5 February 2021.

The bonus will not be paid for any employee who is under a notice period (including a notice of retirement) that started before 1 February 2021, even if they are still employed on 31 January.

Employers will have a six-week window to claim the bonus which will open via an online claim portal from 15 February 2021 and close on 31 March 2021. Time will tell whether this in conjunction with the Job Support Scheme will be sufficient for employers to reconsider redundancies.

Contact our HR Consultants today

If you need specific advice or would like further information, please get in touch with our specialist team by filling out our online enquiry form or by calling 0333 222 0989.


    How can we help you?

    Please fill in the form and we’ll get back to you as soon as possible or to speak to one of our experts call
    0333 222 0989

    I accept that my data will be held for the purpose of my enquiry in accordance with Ashtons
    Privacy Policy.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    How can we help?

    If you have an enquiry or you would like to find out more about our services, why not contact us?