As we start to come out of lockdown in different stages, more places can start to open up again.
This might mean you might be able to go back to the job you had before lockdown started. Some people might have to start applying for new jobs.
But what support is there for people trying to get back into work?
Job Retention Bonus
If you were put onto furlough by your employer, which meant that you still got either most of or all of your usual wages even though you weren't able to work, the Government have come up with a scheme to help you keep a regular paycheck and employment. The Chancellor recently announced that employers will receive a one-off bonus of £1,000 for each furloughed employee who is still employed as of 31 January 2021. This is to try and help keep people in the jobs they were in before lockdown.
It could provide you some security that you will still have a job until the start of next year, which can help you manage your budget and finances.
Kickstarter Job Scheme
If you're aged 16-24 and currently on Universal Credit, then you might be able to benefit from this new scheme. The Chancellor announced that the Government will pay for six-months of wages for employers who create jobs for this specific group of people.
The Government will pay the minimum wage for a maximum of 25 hours a week, with employers able to top up these wages if they wish to do so.
The current minimum wage rates are based on your age, and are:
- Under 18: £4.55 an hour
- 18-20: £6.45 an hour
- 21-24: £8.20 an hour
This will hopefully give people eligible for the scheme some more experience working, which they can use to apply for other jobs in the future. It will also mean they have a guaranteed income for six months, which can help with their finances and budgeting for a little while.
Applications for the scheme are expected to open in August.
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