Payroll experts, Staffology have investigated the statistics of the coronavirus pandemic, discovering how the vaccine saved the UK’s job market, and how various lockdowns and restrictions impacted the number of coronavirus cases and people on payroll.
The first national lockdown from March to the end of May controlled the virus regarding rates of infection, however the economic impact saw turbulence in payroll. Despite the Coronavirus Job Retention Scheme (CJRS), or furlough as it was more commonly known, April 2020 saw the largest amount of month-on-month job losses in the entire pandemic, with 408,000 less people enrolled on payroll. May saw another 92,000 fewer people on payroll, meaning that in a two month period, half a million people had potentially lost their jobs.
Before the vaccine, cases of coronavirus had a much more direct impact on payroll, making 2020 a difficult year for many. Proof of this is that December 2021 had 1.8 million more cases of coronavirus than November, yet 106,000 more people were registered on payroll. The same time in December 2020 saw an increase of 392,000 cases and 80,500 less people on payroll. Coronavirus has had a very direct impact on payroll, however the vaccine is the true saviour of the UK’s job market, and restored faith in employers.