Amanda Douglas, Partner at Wynn Williams, provides a critical update into the COVID-19 wage subsidy extension and how it could impact you. She delves further into this topic at the Mastering Restructuring and Redundancies webinar on Friday 3 July, 10.00am to 11.00am.
Wage Subsidy Extension
What are your options moving forward?
It is a good time, now, to consider your future staffing needs. If you qualify for the wage subsidy extension, it is worth considering your ongoing staffing needs before making an application, given the obligations in the declaration. You should carefully consider whether you will need to make any changes to staffing levels.
If you do not qualify for the wage subsidy extension, we recommend considering the right size for your business before the wage subsidy expires. This could include less roles, reduced hours, or other different ways of working.
A process is really important when making any of these changes. So, you will need to allow time to run a process and for the notice period for any affected employee to run, prior to the date by which you need changes to take effect. For example, if you have employees who have a one month notice period (which is fairly standard), you would need to factor the time to start and complete a restructure process, and then allow the notice period to run. If you are very dependent on the wage subsidy, you will need to take steps as soon as possible.
We are happy to discuss the options with you and to work through what your employee structure may look like, as well as assist you with the necessary process to bring that into effect.
Please feel free to get in touch.
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Amanda Douglas leads the Employment and Health and Safety practice at Wynn Williams. She acts for employers and employees on a variety of Employment Law matters, with a particular focus in the dispute resolution area. This includes disciplinary steps, claims through the ERA and Employment Court, negotiations, and mediation. Amanda also provides advice on employment agreements and organisational restructuring. Amanda has the skills and experience to obtain a pragmatic negotiated outcome to many disputes. Where resolution is not possible, she presents a well-considered case to the ERA or Court. Connect with Amanda Douglas via email or LinkedIn