Here’s how the governments across the world have been helping both employers and employees in these testing times.
As India waits for the second stimulus, world over governments are still pulling out the stops to shore up both employers and employees. Here’s a roundup of the most notable measures.
Canada:
Aid to firms to keep jobs: $27 billion in direct support; Allows employers to retain employees; 75% wage subsidy for firms facing 30% revenue drop.
Direct income support: $2,000/pm for 4 months to jobless; $1,250/pm for 4 months for recent graduates; Support for self-employed, part-time workers.
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France:
Aid to firms to keep jobs: Extension of short-time work schemes; 100% wage subsidy at minimum wage, 84% of higher wages.
Direct income support: One-off €1250 for craftsmen, retail traders; Fund for very small businesses; Hiked unemployment benefits; Job insurance for those whose hiring got suspended.
Source: Economic Times
