BUSINESS
Our top tips to balance the books and retain staff following the finish of furlough
AVOID FURLOUGH FALLOUT On September 30th 2021 the government backed Coronavirus Job Retention Scheme (known as furlough) came to a close, leaving employers with important decisions to make over the future of their business and that of their employees. The ‘Coronavirus Job Retention Scheme’, which was announced at the beginning of the Covid-19 pandemic, allowed businesses who had to close or reduce operating hours to put their employees on leave with the government paying up to 80% of their wages.
The scheme ensured that jobs were saved, and businesses could keep their overheads low during a period of reduced income. The closure of this scheme now has many businesses concerned as they navigate their way through recovery, trying to retain their existing employees whilst remaining profitable. As an experienced business support organisation, the Let’s Do Business Group has put together a list of suggestions for how to stay in the green whilst securing the employment of your staff.
The closure of this scheme ❛❛ now has many businesses concerned, as they navigate their way through recovery ❜❜
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