People Group have made the decision to not continue CJRS payments for contractors after the summer holidays.
With the cost to People Group set to increase by an additional 10% in September and then 20% in October, it is not financially viable to continue to make CJRS payments.
People Group’s Terry Hillier commented:
Since March, People Group have not applied any processing fee (which accounts for the majority of business income), have covered the cost of the government Apprenticeship Levy and continually made payments to eligible contractors while operating costs have only reduced to 90%
During August, under the new CJRS rules People Group have covered the employment costs for all affected contractors again at considerable expense to the business.
People Group’s Legal Director Mark Clarke added:
The final CJRS payment for affected contractors will be made on Friday 04 September 2020 for work completed week ending 28 August 2020.