More than 60 companies tried a four-day work week and results show why 92% are keeping it

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Nigeria News News

More than 60 British companies tried a four-day work week over a six month period and the results show why 92% are going to keep that schedule moving forward.

The companies that participated were from a wide range of sectors and sizes and were permitted to design a four-day week policy tailored to their own needs, with the only conditions being that pay was not cut and employees were given aA shorter work week was found to improve employees' well-being. Before and after data showed that 39% of employees reported feeling less stressed, while 71% had reduced levels of burnout at the end of the trial.

Administrative data from the participating companies showed that revenues rose by 1.4% on average, weighted by company size, during the trial period. When compared to a similar period from previous years, organizations with a shorter work week actually reported revenue increases of 35% on average — which the study authors said indicated healthy growth at the same time there was a reduction in work.

Research from Robert Half, an employment agency, shows a large majority of U.S. managers support a four-day workweek for their team. The data shows 64% expect their company to transition to one within the next five years. Data also showed employees were much less likely to leave the companies that participated in the trial program, with staff losses dropping by 57% in the six-month trial period.

"Results are largely steady across workplaces of varying sizes, demonstrating this is an innovation which works for many types of organizations," said Professor Juliet Schor of Boston College, the lead researcher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A four day week may work for some business, but for others, technical or manufacturing where you may need to go the shop floor, I don't think it would work.

7X No. Quit pushing globalist/muz dogma.

“Some employees enjoyed the change so much they said keeping the extra day off each week would be more important than a raise.” The extra day off without reducing pay IS a raise.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines