The government is offering up $585.80 per employee. My company has said they will pay us that amount per week and that amount only. I thought the idea was the company takes this $585.80 and then tops up our salary to 80% of normal earnings. Am I wrong??
The way I read it is that they have to make a good effort to keep you employed, and a good effort to pay you 80%, but I don't know how they determine if the company made an effort or not, or what happens if they don't pay you 80%. It could also be read in a way that they must make best efforts to retain the employees, and if they do retain them they have to pay the 80% of normal income (or more).
Who can get it
If you're an employer, contractor, sole trader or self-employed, you may qualify to get the COVID-19 wage subsidy.
To qualify:
your business must be registered and operating in New Zealand
your employees must be legally working in New Zealand
the business must have experienced a minimum 30% decline in actual or predicted revenue over the period of a month when compared with the same month last year, and that decline is related to COVID-19
your business must have taken active steps to mitigate the impact of COVID-19
you must make best efforts to retain employees and pay them a minimum of 80% of their normal income for the subsidised period.
The only thing I would say to OP is that the job seekers benefit is best case scenario $391, if thats legitimately the best they can do it might be worth considering for 12 weeks versus being made redundant.
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