Handing in notice while on furloughed

indoor_plant30

Hi there, I am looking for some advice. Before I was put onto furlough I was in the process of setting up my own business and planned to hand my notice in to my current job. I am currently still employed and on furlough, but I do not want to return to my job once my industry is back. I plan to set up as self employed. It feels very difficult as I have bought my stock before lockdown. Does anyone have any advice on what’s the best action to take or is anyone else in the same situation? 

Many thanks, A 

JReacher1

I suppose it depends on your notice period and when you think you will be called back into work. If they’re going to furlough you until October then you could open your new business now and continue to get paid furlough. You could then resign the month before you are due to go back to work. 

Also I think some companies will turn furlough into redundancy so if you’ve been at your employer for a long time it may be worth not resigning until you know whether they will be offering redundancy. 

indoor_plant30

JReacher1 said:

I suppose it depends on your notice period and when you think you will be called back into work. If they’re going to furlough you until October then you could open your new business now and continue to get paid furlough. You could then resign the month before you are due to go back to work. 

Also I think some companies will turn furlough into redundancy so if you’ve been at your employer for a long time it may be worth not resigning until you know whether they will be offering redundancy. 

Thank you for replying. It looks like we will be back some time in July or August. My notice period is 2 weeks. Our employer did say we would be working reduced hours probably when we go back. I will be working in the same industry as I work in just now but will be going self employed. 

I did not know that you could also be self employed and on furlough so thanks for that. I think I could wait another few weeks and decide things may change by then. 

General_Grant

indoor_plant30 said:

JReacher1 said:

I suppose it depends on your notice period and when you think you will be called back into work. If they’re going to furlough you until October then you could open your new business now and continue to get paid furlough. You could then resign the month before you are due to go back to work. 

Also I think some companies will turn furlough into redundancy so if you’ve been at your employer for a long time it may be worth not resigning until you know whether they will be offering redundancy. 

Thank you for replying. It looks like we will be back some time in July or August. My notice period is 2 weeks. Our employer did say we would be working reduced hours probably when we go back. I will be working in the same industry as I work in just now but will be going self employed. 

I did not know that you could also be self employed and on furlough so thanks for that. I think I could wait another few weeks and decide things may change by then. 

Does your contract terms have anything like a non-competition clause?  It could reasonably apply for a time after you ceased your employment as well as during it.

indoor_plant30

General_Grant said:

indoor_plant30 said:

JReacher1 said:

I suppose it depends on your notice period and when you think you will be called back into work. If they’re going to furlough you until October then you could open your new business now and continue to get paid furlough. You could then resign the month before you are due to go back to work. 

Also I think some companies will turn furlough into redundancy so if you’ve been at your employer for a long time it may be worth not resigning until you know whether they will be offering redundancy. 

Thank you for replying. It looks like we will be back some time in July or August. My notice period is 2 weeks. Our employer did say we would be working reduced hours probably when we go back. I will be working in the same industry as I work in just now but will be going self employed. 

I did not know that you could also be self employed and on furlough so thanks for that. I think I could wait another few weeks and decide things may change by then. 

Does your contract terms have anything like a non-competition clause?  It could reasonably apply for a time after you ceased your employment as well as during it.

I don’t think so. I will need to double check. Does this mean if I was to leave then I would need to work in another job I’ve no experience with? That doesn’t make sense, but I understand from a business point of view. Thanks for letting me know I wasn’t aware of this. 

sharpe106

It means you can't compete or work for a competitor against them for a certain amount of time, basically in case you steal customers when you leave. Although unless you are In a fairly high position you probably would not have that clause.

JReacher1

I think if you only have a two week notice then you probably don’t have a none compete clause. They tend to be reserved for more senior members of staff and a two week notice is relatively short so I would assume you’re not that senior in your workplace. 

Good luck with your new business. 

indoor_plant30

JReacher1 said:

I think if you only have a two week notice then you probably don’t have a none compete clause. They tend to be reserved for more senior members of staff and a two week notice is relatively short so I would assume you’re not that senior in your workplace. 

Good luck with your new business. 

Yes that’s correct, I’ve just read through some of it, it doesn’t say anything about that when you’ve left the. I’m pay only during working for them. Thank you, I’m looking forward to it. 

indoor_plant30

sharpe106 said:

It means you can't compete or work for a competitor against them for a certain amount of time, basically in case you steal customers when you leave. Although unless you are In a fairly high position you probably would not have that clause.

Thank you for that. I’ve had a read and I don’t see anything about once you’ve left the company, so here’s hoping it goes smoothly. 

sharpe106

Good luck with your new company then.