Global Government Assistance
As a global business, SThree and our family of STEM staffing brands is continuing to monitor and respond to the different challenges we and our clients are facing during the coronavirus (COVID-19) outbreak.
We know that every business is having to navigate new rules, advice and government support, often with differing regional, national and city-specific nuances.
With that in mind, we’ve pulled together some information on the various government assistance programmes from across the world.
So, whether you’re in the UK and Ireland, Continental Europe, the US, or Asia-Pacific, we hope you’ll find the following links helpful.
Employers may be eligible to claim subsidies of $1,500 per employee per fortnight if they have experienced a fall in turnover greater than 30%. Find full details here.
Employers can reduce their employees’ hours by a maximum of 90% through the ‘Short Time Working’ scheme. Employees will then receive 80-90% of their reduced salary with a cap of 5,500 Euros. Find full details here.
Employers can furlough employees – meaning they can’t work during a specified timeframe - and those employees can then receive 70% of their maximum salary, directly from the State, up to £2,700 Euros per month. Find full details here.
Government legislation means that employers can furlough employees and those employees can then receive 70% of their normal salary. Find full details here.
Through the ‘Short Time Work’ scheme, employees can receive between 60% and 67% of their reduced salary, with a cap of 82,000 Euros, which employers will be compensated for. Find full details here.
Employers may be eligible to reclaim up to 8,330 JPY per person per day if they meet certain conditions that the government requires. Find full details here (only available in Japanese)
Employers can re-claim 80% of their employees’ salaries each month. Find full details here.
Employers, whose revenue has been negatively impacted by 20% or more by COVID-19 over a three-month period, can claim back employee costs. Find full details here.
Republic of Ireland
The Irish Government has introduced support measures which could help you and your employees during the COVID-19 outbreak. Find full details here.
The government will co-fund the first $4,600 of gross monthly wages paid to each local (Singapore citizen) and Permanent Resident (PR) employee for nine months. Find full details of the Singapore Budget 2020 here.
Employers can request government assistance to allow employees to be paid 70% of their salary (based on last six months’ average) with a maximum of 1,098 Euros for those without children and 1,400 Euros for those with children. Find out more about the Spanish Government’s response here.
Employers can re-claim 80% of their employees’ average salary (based on last 12 months), capped at 12,350 CHF. Find full details here.
The Coronavirus Job Retention scheme allows employers to claim 80% of furloughed employees monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance Contributions and minimum automatic employer pension contributions. Find full details here.
Employers can furlough employees, including W2 workers. Those employees will maintain their benefits, including medical insurance, and would be entitled to unemployment benefit of up to $3,000 per month. Find full details here.
Be assured that Computer Futures is here for you and if you have any questions, please get in touch with [INSERT CONSULTANT NAME & CONTACT DETAILS].
Chief Executive Officer at SThree