The coronavirus is affecting businesses right around the world. From retail to hospitality, many firms have had to make the tough decision to put staff on furlough leave in a bid to protect themselves and preserve jobs during this crisis.
For companies based in the UK, there are a range of funding measures and support schemes available. The Coronavirus Job Retention Scheme, in particular, provides a crucial lifeline to both employers and employees.
But when it comes to furloughing an employee, this is something many businesses won’t have done before. In order to do this and receive funding from the government, there are several things businesses must be aware of and do. Here’s everything you need to know as an employer.