27 Oct '20
Per 1 October 2020, the Dutch government has extended the Temporary Emergency Bridging Measure for Sustained Employment (‘NOW’) for another 9 months. The NOW-3 scheme was published on the 9th of October and is NOW-1’s and NOW-2’s successor. The NOW compensates employers for the wages of their employees in cases of loss of turnover. This article focuses on the aim, the contents and the most important changes in NOW-3 compared to NOW-1 and NOW-2.
NOW-3’s aim is to compensate employers in the payment of wages, so as many employees as possible can remain in service despite diminishing turnover. Furthermore, the government intends using NOW-3 for having employers and employees prepare for and adjust to the new economic situation.
NOW-3 has a longer duration than NOW-1 and NOW-2 and consists of 3 periods of 3 months each:
Like previous NOW regulations, employers will receive compensation for the payment of wages. The amount of the support is related to the percentage of the fall in turnover and the total wage bill over June 2020. The decline in turnover will be determined by comparing 25% of turnover in 2019 with turnover in a period of 3 months, chosen by the employer.
Despite the fact that the NOW system will continue under NOW-3, there are a noteworthy number of differences compared to previous editions. The government wanted to use NOW-3 to phase out the support, in order to avoid a shock on the labour market when the subsidy scheme ends. The most important differences will be discussed below.
Employers can apply for the first period of NOW-3 from 16 November through 13 December 2020. For the second period it is expected employers can apply from 15 February through 14 March 2021. For the third period, the aim is 17 May through 13 June 2021. Do you have any questions about NOW-3? Please contact our Employment team. We are happy to advise you.
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