answer text |
<p>The objective of the Job Retention Bonus (JRB) was to incentivise employers to
retain employees between November, when the Coronavirus Job Retention Scheme (CJRS)
was due to end, and the end of January through a £1,000 bonus paid to the employer.
However, the subsequent extension of the CJRS allowed employers to retain their staff
during that period by covering 80% of furloughed employees’ wages. Given this extension
to the end of April, the policy intent of the JRB falls away.</p><p> </p><p>The Government
remains committed to deploying a retention incentive set at a suitable level, at the
appropriate time.</p>
|
|