More than half of the employees on leave have already returned to work, although the program is only due to end today
- According to the new report, fewer than 4.5 million employees are still on leave
- The program peaked at nearly eight million workers in April during the closure
- As of today, companies must contribute to the cost of their employees on leave
More than half of the employees on leave have already returned to work before the program ends on Saturday.
The Resolution Foundation said reports that nine million workers continued on vacation were "far from the mark".
From August 1st, companies will have to contribute to the cost of vacationing workers by paying their employer's social security and pension contributions.
Commuters are pictured above in London More than half of the employees on leave have already returned to work after new examinations
The think tank said its analysis suggests that the maximum number of workers on leave was nearly eight million at the end of April.
Since then, millions of part-time employees have returned, either in whole or in part, as part-time workers, which means that fewer than 4.5 million employees are now on leave, the report said.
The foundation said the peak and subsequent decline in the number of employees under the job retention scheme demonstrated their success in protecting companies and workers during the introduction and relaxation of the ban.
A leading Foundation Foundation economist urged Chancellor Rishi Sunak to slow down support for the hardest hit sectors
Dan Tomlinson, chief economist at the Resolution Foundation, said: “The job retention program has helped some one third of private sector workers to protect family income and prevent catastrophic unemployment since the blockade began.
“As the number of workers on leave peaked at the end of April, it is misleading to say that there are currently nine million workers on leave. More than half of these workers have now returned to work as the restrictions on blocking have been relaxed. The true number is below 4.5 million.
“While vacation is currently far less common than is generally believed, there are still millions of unemployed workers, especially in the hospitality and leisure sectors. These workers are at increased risk of unemployment as the JRS expires today.
"The Chancellor should reduce this risk by slowing support for these most affected sectors."
Mike Cherry, chairman of the Federation of Small Businesses, said: “Every fifth small business has been forced to fire employees in the past three months. Even with critical immediate measures, jobs are unfortunately lost in the here and now.
“When we look at autumn, it is clear that we cannot afford to pull the drawbridge for business support soon.
"It's welcome to give companies £ 1,000 for every employee they bring with them on vacation, but the funds for the Job Retention Bonus will only be visible next year – jobs will be lost today.
"In addition to maintaining jobs, the Chancellor should also look at job creation."
A Treasury spokesman said: "We said at the start of the crisis that we cannot save every job – but it is clear that the vacation program saved millions of them – and now many people who have vacationed can return to work .
"This is good for the economy, but more importantly, it is good for individuals, their families and communities."
From August 1st, companies will have to contribute to the cost of vacationing workers by paying their employers social security and pension contributions [file photo]