80% reimbursement rate for SMEs : Employment Adjustment Subsidy emergency measure
Given the significance of Covid-19 outbreak's impact on the economy, the Japanese government is largely relaxing its criteria for Employment Adjustment Subsidy application as an emergency measure.
Employment Adjustment Subsidy is an existing measure to support employers who are impacted by business downturn.
The subsidy reimburses a percentage of leave allowance ( cap per employee exists) paid to workers, helping businesses retain employment instead of down-sizing its operation and /or dismissing its workforce.
==Highlights==
*Reimbursement rate:
Four- fifth : small and medium-sized employer (Up to 90% if zero lay-off)
Two-thirds :large enterprise
*Eligibility: Employees not subject to unemployment insurance ( e.g. part-timers) are now included
Applications must be submited by end June.
For detailed explanation, please feel free to contact us.
