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1491 days ago

Covid 19 and employment

Ronald from Maxron Associates

Wage Subsidy Covid 19

I’ve just had my first call from an employee whose employer has accessed the wage subsidy via MSD. That subsidy has a value of:

• $585.80 per week for a full-time employee (20 hrs or more)

• $350.00 per week for a part-time employee (less than 20 hrs).

The payment will be made as a lump sum for a period covering 12 weeks. This means employers will receive a payment of $7,029.60 for a full-time employee and $4,200 for a part time employee. The maximum amount any one employer can receive is $150,000.

The complaint from the employee was that the employer met with them and told them during the meeting that they would only be paid for 80% of their time but were expected to work their normal 40 hour or 37.5-hour week. He stated this subsidy was his cash flow.

It is not cash flow; it is a wage subsidy and MUST be used to pay your workers.

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