I am a small company with one director & 1 employee. Before the Furlough guidance was released I made the decision to reduce my employee from 5 days to 3 days per week given the current situation & also lost a big client at the end of 2019 so money has been tight. This was effective from 1st April to provide notice to my employee.
Currently employee is on SSP as in 2 weeks self-isolation till 31/3. I have a phone call meeting scheduled on 31/3 and if my employee is well enough - I wish to notify the employee that they will become furloughed and discuss the process & any concerns they have.
I have read online it is based on last month’s money being March in my case. Am I just is saying it will be based on the new employment contract that I issued before furlough was even announced as a government scheme?
I have gone from having income to no income and reducing the employee days was a way to help my cashflow & hopefully the business survive this time. I won't be able to top up to 100% as no income coming into the company.
Thanks in Advance