

Government and campaigns
Clarity from government on business support provisions remains our priority during this phase of the Covid-19 crisis. We have opened a range of channels, including bi-weekly discussions with BEIS, regular dialogue with other government departments and No10 and direct engagement between REC members and ministers (such as last week’s exchange with Business Minister Nadhim Zahawi). On the topic of holiday pay, stand-alone guidance is currently awaiting ministerial sign-off, so don't forget to check out our COVID-19 Hub.
In other news, the bounce back loan was launched this week, providing loans of up to £50,000 for small businesses and with a 100% guarantee from government. The feedback from businesses has been positive so far, and developments on trade credit insurance have also been welcomed.
Preparing for the next phase
The next priority is managing the ‘back to work’ agenda. We were given a heads-up on the government’s draft guidance; feedback from REC and other business organisations will inform the final document. REC members will play a key role in helping clients, candidates and workers negotiate this next phase. We will continue to work with other business organisations and Trade Unions and use our regular research and data to influence government policy and help shape the post-crisis landscape.
Up-skilling staff will help businesses prepare for the next phase, which is why Government recently launched The Skills Toolkit, an online platform offering free numeracy and digital skills courses. Policy Adviser, Chris Russell’s blog on the toolkit, provides an overview of the scheme and flags REC training courses that can benefit recruitment professionals, even if they are furloughed.
Looking ahead: the Research Corner
Our latest JobsOutlook Report, shows business confidence plummeting. Although short-term hiring plans are significantly impacted, employers are more positive around longer-term hiring intentions. The report also looks at how employers are managing the impact of COVID-19.
Sectoral snapshot
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