Claiming Financial Assistance On Mobilization

By Author: Arghya Roy
Total Articles: 2
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If you are an employer of a reservist and worry about the costs that you may have to incur in case of mobilization, simply relax. As per a scheme introduced in the year 2005, the employer receives financial assistance for all the additional costs incurred. These costs include

Money spent on advertisement for the recruitment of a new candidate that may include advertisements and other such costs
Overtime costs that may have to be pay to another employee for doing the work that was initially being done by the reservists
Salary of the temporary employee

The additional cost that can be claimed by you as an employer is about £ 110 a day or £ 40,000 in a year. This amount can be claimed only as long as your employee is mobilized. It will not be claimable once the employee is back on the job. As an employer, you do not have to pay the salary for the mobilized period. If you choose to do so, it is completely your decision. You are not viable to claim for that amount.

The amounts that you claim for advertisements and such other activities, remember to keep the invoice and the bill as the money can ...
... be claimed only against them without any upper limit. However, it cannot be recurring cost.

You can even claim the amount that you may have to spend on retraining the reservist once back after mobilization. This is usually done to catch up with all the time lost and the technology and the other process may have moved ahead. The money cannot be claimed if certain training was either ways due for the reservist's employee.

In case you feel that your business will be severely paralyzed and will not be able to sustain while the reservists employee is mobilized apply for a deferral, exemption or revocation of mobilization.

The internet has detailed information on financial assistance that is quick and very simple to understand. If you are unable to understand under any circumstances, simply consult a financial advisor who may take fee for the services but will help you through the entire process.