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Business Development: Playing The Right Card
Leor Franks
Late last month the Chancellor announced changes to the Coronavirus Job Retention Scheme (furlough scheme) that will come into force from 1 July 2020, giving employers more flexibility to bring back furloughed employees on a part-time basis (the “Flexible Furlough Scheme” (“FlexFS”)).
The news that Stephen Jones, head of UK Finance, has quit over "thoroughly unpleasant" personal comments he made in 2008 about financier Amanda Staveley, is a stark reminder to executives that their past behaviour may one day come back to haunt them.
The indications are that an increasing number of individuals are coming forward, particularly in the financial services sector, to call out wrongdoing.
Whilst the prime minister's broadcast on 10 May did not open the floodgates to City employers requiring staff to "return to work" enmasse, most firms are already drawing up plans for how that should be organised and many of us will have been thinking about what will happen when employers start to update their 'work from home' advice.
It has recently been reported that nearly a quarter of all employees are on furlough leave. It is a staggering statistic and indicative of the need for and success of the government’s Coronavirus Job Retention Scheme.
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