At Liquid Friday, we are fully committed to supporting our agencies and contractors during the Covid-19 crisis.<\/p>\n\n\n\n
We absolutely understand that contractors will be really concerned about their financial situation and what will happen if a client lays them off because of coronavirus shutdown.<\/p>\n\n\n\n
The Coronavirus Job Retention Scheme is optional for employers, but we are pleased to let you know that we do intend supporting it, if the government framework permits.<\/p>\n\n\n\n
Where eligible, if contractors employed by Liquid Friday are laid off by your client due to Covid-19 we will maintain their employment as a furloughed employee and pay them a proportion of their current pay.<\/p>\n\n\n\n
This will be funded by the government\u2019s Coronavirus Job Retention Scheme, at no cost to your business. <\/p>\n\n\n\n
Below is a summary of the latest information from HMRC on how the scheme will work:<\/p>\n\n\n\n
The scheme is only available to those employees who were employed on the 28th February 2020 (even if they were not paid in that period). This means anyone who has joined Liquid Friday after that date is not eligible and must claim Universal Credit or ESA.<\/p>\n\n\n\n
The scheme is only for employees who are \u201cFurloughed\u201d this means that they are not working at all, for a minimum of three weeks.<\/p>\n\n\n\n
Businesses will pay up to 80% of an employee\u2019s regular earnings up to a maximum of \u00a32,500 per month. The wages paid will be based on the average wages of the period they have worked.<\/p>\n\n\n\n
We are working intensely on the detail of how the scheme may be implemented so that we can start to relieve at least some of the fears our contractors are facing at the moment. <\/p>\n\n\n\n
We anticipate a basic process as follows:<\/p>\n\n\n\n
It is in all of our interests to protect the flexible workforce as best we can during this period, in order for our supply chains to \u201cbounce back\u201d as quickly as possible once things start to return to normal.<\/p>\n\n\n\n
We will continue to provide further updates as we receive clearer guidance from HMRC. <\/p>\n\n\n\n
In the meantime, we\u2019re pleased to report that our technology, processes and infrastructure are proving to be robust, and it\u2019s very much business as usual for the Liquid Friday team whilst working at home, so please get in touch if you need to. <\/p>\n","protected":false},"excerpt":{"rendered":"
At Liquid Friday, we are fully committed to supporting our agencies and contractors during the Covid-19 crisis. We absolutely understand that contractors will be really concerned about their financial situation and what will happen if a client lays them off because of coronavirus shutdown. Coronavirus Job Retention Scheme – Liquid Friday Contractors The Coronavirus Job […]<\/p>\n","protected":false},"author":3,"featured_media":3596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[26,43,44],"tags":[],"acf":[],"yoast_head":"\n