We’re looking forward to the beginning of July next week. One, because the sun will be shining and two, because it’s the start of furlough changes.
We have previously outlined the announced changes to the Coronavirus Job Retention Scheme (CJRS) so this should just act as a reminder. From Wednesday 1st July on-wards, employers can bring furloughed employees back to work for any amount of time and any shift pattern, while still being able to claim CJRS grant for the hours not worked. It’s expected that many employees will be brought back on part time to fulfil their main duties, but still have the rest of the pay subsidised by the government. This will allow businesses to gradually start up again and still afford to keep staff.
Is your business ready?
As an employer, from 1st August, the costs of your employees National Insurance and Pension contributions will go back to being your responsibility. We have found a large number of our clients are taking advantage of our cashflow forecasting services. Every business should be working with a weekly cashflow forecast during these unprecedented times. Recent research indicates that 1 in 5 of all small business are going to run out of cash during this period, so it’s vital that you know if and when you are going to feel the pinch, to avoid being part of that 20%. We are able to work with you to assess your current and future needs, look through funding options and find strategic answers that may save you money. Speak to a member of our strategic team today to ensure the safety of your business.
With the changes to furlough, it is guaranteed that there will be a lot of changes to staff and their contracts. For many people, HR is associated mainly with recruitment, but the range of tasks to be performed can be extensive. In addition to recruitment, a HR team also deals with employee contracts, payroll issues, holiday schedules, administrative matters, trying to ensure that employees have positive relations with each other and much more.
For those businesses that may want additional HR support or lack a full-time department, HR outsourcing could be the perfect solution. Choosing Nordens allows you to significantly reduce costs related to the implementation of Human Resources tasks. We have the ability to offer our HR services either as a project basis or as a retainer basis, with a pre-specified scope and fixed-fee costing. After an initial consultation, we’ll deliver a proposal that will clarify and outline the pricing structure and deliverables. With redundancies, new employees and new methods of working being implemented every day, make sure you get things right the first time around. Let us help.
Contact us for a free consultation with our HR department on 02085300720 or email enquiries@nordens.co.uk
