4 ms·

For a bit of context, at London startup the furlough scheme is very unlikely to be 80% of their salary because it is capped at 30k per year pre-tax/80% of your

For a bit of context, at London startup the furlough scheme is very unlikely to be 80% of their salary because it is capped at 30k per year pre-tax/80% of your salary whichever is lower. That said, I'm surprised half of people turned down 2k/month to job hunt.

6nf 7y ago
If they take the dismissal they get paid out immediately and they can immediately start getting government unemployment benefits. I think?
- Angostura 7y ago
  > immediately start getting Ah, I see you've never applied for Universal Credit. Immediate, it ain't.
- YawningAngel 7y ago
  You don't get government unemployment benefits in the UK if you have >16k in savings (i.e. most programmers, presumably)
  - shubb 7y ago
    London developers do not get paid well vs cost of living. I interviewed for a city based senior data engineer role at a large insurer and was supprised that they choked at 45K basic not much package. Generally uk dev pay is very bad compared to US or even other Europe. Contract work used to be basically the only way to make good money but this has now been nobbled. Not a good city to work in. As a result permie developers generally don't have a huge amount of a savings.
    - fennecfoxen 7y ago
      I was able to get Senior at £74k in London. Nothing to sneeze at in principle, save for the London cost of living. Moved to New York following Brexit, now making literally twice that. (Paying twice that for housing, too, but my housing is more like 15 minutes from work instead of 60 and I have a real subway option instead of putting up with Southern Rail and the strikes.)
  - poooogles 7y ago
    >You don't get government unemployment benefits in the UK if you have >16k in savings This isn't true. You'll get new style JSA for 6 months [1] pending you have contributed NI for the past 2/3 years which almost all will have. https://www.gov.uk/jobseekers-allowance/eligibility https://www.gov.uk/jobseekers-allowance/eligibility You're talking about universal credit which yes you won't qualify for with greater than 16k savings (pension savings or HTB ISA are however are excluded).
    - pkaye 7y ago
      How much are unemployment benefits worth in the UK? Like if you are a programmer, what percent of monthly salary would be the unemployment benefits?
      - poooogles 7y ago
        Shit all. New style JSA is £74.35 a week plus you could also potentially claim Universal Credit (if you've got under £16k savings) which is £94. £730 or so a month is not enough to live on if you're having to pay for your accommodation in most of the south.
        DanBC 7y ago
        The Local Housing Allowance pretty low but you'd be able to claim the it, housing element of UC, on top of UC.
  - deleted 7y ago
    [deleted]
nicoburns 7y ago
If my LinkedIn messages are anything to go by, there's still quite a few companies hiring tech workers in London at the moment. So I imagine many of these people would be quite confident finding a new job.
rmvt 7y ago
you need to bear in mind that the government's furlough scheme is capped (gross £2.5k per month) and it has an expiry date. this means that in such a situation, you can't assume you'll be on furlough until "normality resumes". even if the government extends the scheme, the company can still fire you and opt for not having you on furlough or not. overall furlough is as uncertain as it gets. on the other hand, dismissal might come with a "severance package".
- sleepychu 7y ago
  Right of course if you have a severance package on the table you need to weigh that against the expected payout across your expected out of work period but in this climate I'm not convinced you can safely estimate that out of work period as short.
wjmao88 7y ago
Wouldn't you be able to job hunt while taking the furlough scheme money?
- hhmc 7y ago
  It might be worth getting the notice period (for which I assume you must be paid fully) ticking ASAP.

6nf 7y ago

If they take the dismissal they get paid out immediately and they can immediately start getting government unemployment benefits. I think?

Angostura 7y ago
> immediately start getting Ah, I see you've never applied for Universal Credit. Immediate, it ain't.
YawningAngel 7y ago
You don't get government unemployment benefits in the UK if you have >16k in savings (i.e. most programmers, presumably)
- shubb 7y ago
  London developers do not get paid well vs cost of living. I interviewed for a city based senior data engineer role at a large insurer and was supprised that they choked at 45K basic not much package. Generally uk dev pay is very bad compared to US or even other Europe. Contract work used to be basically the only way to make good money but this has now been nobbled. Not a good city to work in. As a result permie developers generally don't have a huge amount of a savings.
  - fennecfoxen 7y ago
    I was able to get Senior at £74k in London. Nothing to sneeze at in principle, save for the London cost of living. Moved to New York following Brexit, now making literally twice that. (Paying twice that for housing, too, but my housing is more like 15 minutes from work instead of 60 and I have a real subway option instead of putting up with Southern Rail and the strikes.)
- poooogles 7y ago
  >You don't get government unemployment benefits in the UK if you have >16k in savings This isn't true. You'll get new style JSA for 6 months [1] pending you have contributed NI for the past 2/3 years which almost all will have. https://www.gov.uk/jobseekers-allowance/eligibility https://www.gov.uk/jobseekers-allowance/eligibility You're talking about universal credit which yes you won't qualify for with greater than 16k savings (pension savings or HTB ISA are however are excluded).
  - pkaye 7y ago
    How much are unemployment benefits worth in the UK? Like if you are a programmer, what percent of monthly salary would be the unemployment benefits?
    - poooogles 7y ago
      Shit all. New style JSA is £74.35 a week plus you could also potentially claim Universal Credit (if you've got under £16k savings) which is £94. £730 or so a month is not enough to live on if you're having to pay for your accommodation in most of the south.
      - DanBC 7y ago
        The Local Housing Allowance pretty low but you'd be able to claim the it, housing element of UC, on top of UC.
- deleted 7y ago
  [deleted]

nicoburns 7y ago

If my LinkedIn messages are anything to go by, there's still quite a few companies hiring tech workers in London at the moment. So I imagine many of these people would be quite confident finding a new job.

rmvt 7y ago

you need to bear in mind that the government's furlough scheme is capped (gross £2.5k per month) and it has an expiry date. this means that in such a situation, you can't assume you'll be on furlough until "normality resumes". even if the government extends the scheme, the company can still fire you and opt for not having you on furlough or not. overall furlough is as uncertain as it gets. on the other hand, dismissal might come with a "severance package".

sleepychu 7y ago
Right of course if you have a severance package on the table you need to weigh that against the expected payout across your expected out of work period but in this climate I'm not convinced you can safely estimate that out of work period as short.

wjmao88 7y ago

Wouldn't you be able to job hunt while taking the furlough scheme money?

hhmc 7y ago
It might be worth getting the notice period (for which I assume you must be paid fully) ticking ASAP.