Coronavirus Job Retention Bonus – guidance published

As a result of the extension of the Coronavirus Job Retention Scheme (CJRS or furlough scheme), the Job Retention Bonus (JRB) has been withdrawn. The Government previously announced that it will redeploy a retention incentive at the appropriate time. The purpose of the JRB was to encourage employers to keep people in work until the end of January. However, with the CJRS extension, the purpose of the JRB falls away. See our separate post here for further detail on the extension of the furlough scheme.

Originally posted 17 July 2020. Updated 23 December 2020.

If you would like to receive monthly employment law updates and news of our events, sign up for our email alerts.

©2020 SCRASE LAW LTD. THIS POST IS FOR GENERAL INFORMATION ONLY AND IS NOT ADVICE. YOU ARE RECOMMENDED TO SEEK COMPETENT PROFESSIONAL ADVICE BEFORE TAKING ANY ACTION ON THE BASIS OF THIS POST