Furlough Scheme Ending: 5 things to do during the ‘Wage Top-up’ period

Furlough Scheme Ending: 5 things to do during the ‘Wage Top-up’ period



"Anybody who's lost their job... my advice is don't be afraid. With hard work and the right training... you can do anything that you want."

Jimmy Adkins, Access Training Academies Tutor speaking to Robert Peston from ITV

Today’ Rishi Sunak announced his ‘Wage Top-Up’ scheme, a plan which effectively allows employers to work a third of their hours for almost the same wage; that is, 77% of their salary for one third of their normal working day. Another skilful avoidance of complete redundancy, another catastrophe missed; but ultimately a temporary measure to delay the inevitable. 

And let’s not forget, that this indicates a reduction in payment from the previous 80% salary offered by the furlough scheme. What happens to people already struggling to make ends meet, now met with a 3% reduction? What will happen at the end of another 6 months when industries are on their knees? 

There is a great cause for concern, as Paul Johnson, head of the Institute for Fiscal Studies, predicted that 2 million people could lose their jobs by the end of this year. He called Sunak’s new plans ‘significantly less generous than the furlough scheme’; he also makes a crucial point, that only those currently working more than a third of their usual hours will benefit from this updated system – those not working at all will lose their jobs.

But we at Access Training want to reach out and reassure you that all is not lost. We want to point out the ways in which this period is an opportunity to grasp, that now is the moment you’ve been waiting for. Here are 5 tips on how to navigate the new furlough as a worker:



  1. Use gained time to retrain and prepare 

A lack of time and resources are no longer a reason not to invest in a training course. With Sunak’s new scheme announcement, you have the same wage, but two thirds more free time than before. What better way to use that free time than to upskill, retrain, and prepare for the next phase? It’s a no brainer – invest your time wisely.

 

  1. Plan ahead for the worst

If your sector, business, industry of work is likely to be one of those about to crumble, then planning ahead is crucial to avoiding a redundancy further on down the line. Why leave it to chance? Why not join the thousands of chefs, pilots, solicitors, cab drivers, and many other professionals, who are enrolling on a course with us?

 

  1. Keep your options open

Regardless of what line of work you have been, or are currently in, a construction course will cater for you. And with every other sector now under threat from financial ruin and collapse, wouldn’t it be better to have the option to jump ship if it had to come to that? 

 

  1. You have nothing to lose, everything to gain

As you read this, construction courses are reaching peak demand with new students leaving their careers to begin afresh in construction. With the continued uncertainty ahead, this makes perfect sense: a sturdy and dependable industry, guaranteed work and high demand. Upskilling is a win-win situation: you become more employable, you expand on your professional skills, and you gain qualifications which will always benefit you. In these times, it’s best to leave nothing to chance. 

 

  1. Believe in yourself – remain hopeful

As soon as self-belief is lost, then getting yourself back on your feet and moving forward can become impossible. We are here to assure you that Access Training is your way out and up to security and confidence. As Sunak inspiringly noted in his announcement speech:

 

"What was true at the beginning of the crisis remains true now. It’s on all of us, and we must learn to live … without fear.

Live without fear, and take the leap you’ve been meaning to take – because now really is the time." 



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