COVID-19: Employer payroll changes
In response to the economic impact COVID-19 is having on the economy, the Irish government has published important information for employers, employees and payroll professionals. The Irish government is addressing the challenge of Covid-19 crisis and attempting to maintain the employer-employee relationship wherever possible with a series of short-term measures. Here, you can find a summary of some of the key Ireland changes and links to further information.
Temporary Wage Subsidy Scheme
A COVID-19 Temporary Wage Subsidy Scheme was announced on 24 March 2020 in Ireland. It is designed to help employers to continue to pay their employees during the COVID-19 crisis. The objective is to keep employees registered with their employers and allow them to return to work quickly after the pandemic ends. It will run for 12 weeks from 26 March 2020.
- The scheme will refund employers up to a maximum of €410 per week for each qualifying employee
- This replaces the previous COVID-19 Refund Scheme which provided support of €203 per employee per week
- Employers make normal payroll payments to employees and apply for a refund under the scheme
The Scheme is available to employers from all private sectors who have lost a minimum of 25% of revenue due to COVID-19. Eligible applicants must be unable to pay normal wages and agree to keep employees on the payroll. Employees must also have been on the payroll on 29 February 2020
For full details on this Irish scheme and other policies related to Covid-19 CLICK HERE.
Disclaimer: Payslip is an automation and integration technology partner to global payroll. We are not a government agency. All payroll information relating to COVID-19 is subject to change and updates. You are encouraged to visit official government websites for the latest information.
Using Payslip, we can manage all our payrolls across nine in-country vendors on one platform. When the global Covid-19 pandemic arose, it was not an issue from a payroll perspective, and critically getting everyone paid. The Payslip platform enabled continuity for our international payroll service including the fast and seamless implementation of the Payslip Employment Self Service during this time.
Payroll Manager, LogMeIn
With business and employee growth rates of above 50%, we rely on our vendors to deliver on time, every time. Payslip’s workflow automation, enables Phorest to manage our payroll provider process – data driven, real time and transparent. Payslip saves us time so we can focus on our business growth.
International Payroll Manager, Phorest