By now you’ve probably heard of the 4 day work week. Employees work for 4 days and get paid for 5. Sound like a good deal for the employees right? Right! But it turns out it’s also a GREAT deal for their employers.
The global movement began in earnest a few years ago with Andrew Barnes, CEO of Perpetual Guardian in NZ.
The largest trial conducted to date occurred during the last half of 2022 in Britain. 60 companies and almost 3,000 staff committed to this trial and it’s been a resounding success.
Here are a few salient stats:
✅ Almost every organisation will stick to a 4 day week post-trial
✅ Companies rated their overall experience of the trials an average of 8.5/10, with business productivity and business performance each scoring 7.5/10.
✅ Revenue rose by 35% over the trial periods when compared to similar periods from the previous year, and hiring increased while absenteeism decreased.
✅ The health and well-being of employees also improved, with significant increases observed in physical and mental health, time spent exercising, and overall life and job satisfaction. Rates of stress, burnout and fatigue all fell, while problems with sleep declined.
Are you considering a 4 day work week? I’d love to hear your thoughts in the comments.
