Rebecca Goudy

Associate Solicitor

DATE PUBLISHED: 08 Jul 2020 LAST UPDATED: 10 Mar 2021

The Chancellor’s latest announcement: Job Retention Bonus

The Chancellor has announced today a new policy to keep employees in their jobs stating “If you stand by your workers, we will stand by you”. Please click here to the read full speech.

The policy will be labelled “Job Retention Bonus” and involves employers receiving a £1,000 bonus for each person it brings back who is currently furloughed, as long as the employer continuously employs them. We understand that this will apply to those who receive £520 or above, on average per month from November to January. We expect full details to follow in the coming days.

The Chancellor further stated that it is vital that people aren’t returning to work for the sake of it. We therefore believe that now is the time for employers to make important decisions regarding those who remain on furlough. This may include redundancies, bringing them back to work on a permanent basis or agreeing a change to their contractual terms).

If you would like any advice on any employment related matters, please contact our Employment Partner, Kate Brooks on 01202 057754

How can we help?

When you submit this form an email will be sent to the relevant department who will contact you within 48 hours. If you require urgent advice please call 01202 525333.

Make an enquiry

Related news

4 minute read

International Women’s Day: Redundancy during maternity leave

Read more
5 minute read

International Women’s Day and reflecting on menopausal related difficulties in the workplace

Read more
3 minute read

International Women’s Day: How employers can Inspire Inclusion

Read more
3 minute read

An employee’s guide to settlement agreements

Read more