HR and payroll management startup PayFit has updated software to accommodate initiatives introduced as part of the UK government’s Coronavirus Job Retention Scheme.
The new tools enable British businesses to quickly calculate statutory sick pay and furloughed leave, and immediately understand how much money they can reclaim from HMRC.
“Since the UK government introduced the Coronavirus Job Retention Scheme, businesses have been forced to move quickly to introduce measures to help see them through this unprecedented and difficult time, such as employee furlough schemes,” says Nick Miller, UK managing director of PayFit.
“At PayFit, we want to do everything we can to ensure that growing businesses have all of the tools they need to survive, and even perhaps thrive, during the COVID-19 pandemic. Of course, we want to help businesses that may not be using PayFit yet, which is why we’ve made our Furlough Calculator free to use for any business that needs it.”
The French company, which raised €70m in June 2019 set up shop in the UK in September the same year.
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