The Prime Minister has announced the delay in the final step of the Government’s coronavirus lockdown-easing roadmap by four weeks. The effect on our clients businesses could be significant, with some referring to a cliff edge of costs.
It is clearly a huge blow for many businesses, particularly those in the retail and hospitality sectors. With government support for business ending or beginning to taper off, you can definitely see why it’s being referred to as a cliff edge! It is now vital that this government support is pushed out commensurately with the lockdown extension. Such things as the need for businesses to start contributing 10% towards furlough costs from 1 July, all the return to work planning and business rates relief tapering off…..all need to be considered amongst the announcement!
Although the announcement is not a surprise – it will still be disappointing for our clients in certain sectors, particularly for example, those in hospitality. We’ll be supporting our clients to use this extra time to continue supporting their staff and offering them flexible training opportunities. It is important that the sectors like hospitality can retain the talent required to meet the new timescales, considering all the efforts that have gone into recruitment strategies to date. Together, with our clients, we will help engage with all affected individuals to help them use the next 4 weeks wait positively
If we can help you retain your staff across the next 4 weeks get in touch.