The four-day work week trend is gaining popularity as companies show high levels of productivity

The four-day work week trend is gaining popularity as companies show high levels of productivity

More than two dozen companies that have trialled a four-day work week have no plans to back down, according to a recent report.

The results of the recent study “Assessing global trial of reduction of work time with no pay cuts” reinforced the idea that the 32-hour workweek trend is gaining momentum. The study gathered data from a range of companies and organizations across different industries. Participants lived in the United States, Ireland, United Kingdom, New Zealand and Canada.

The researchers found that the 33 companies that tested the shortened schedule without a pay cut were “extremely satisfied with their performance, productivity, and overall experience.”

REMOTE WORK INCREASES PRODUCTIVITY AND HELPS FIGHT INFLATION DESPITE BUSINESS LEADERS’ DOUBTS

Members work on laptops in a common area of ​​the WeWork Cos Inc. offices at 85 Broad Street in the Manhattan borough of New York City, May 22, 2019. (David ‘Dee’ Delgado/Bloomberg via Getty Images/Getty Images)

Twenty-seven companies that responded to a final survey have already committed to or plan to continue the four-day working week, according to the report, which was compiled by independent academic researchers from Boston College, University College Dublin and the University of Cambridge. .

THE CHICK-FIL-A FOUR-DAY WEEKEND EXPERIENCE

Over the course of the trial, participating companies’ revenues increased while sick days and absenteeism decreased, the research showed. At the same time, companies were hiring and quits were falling slightly, which was “a striking finding during the ‘Great Quit,'” according to the researchers.

Desk

New York attorney Matthew Baione is seen working in his office in Manhattan on August 29, 2019. (Kristell Bernaud/AFP via Getty Images/Getty Images)

When employees were asked about the experience, they said it was very successful. The average overall experience in the trial was rated 9.1 out of ten.

Employees said their work performance had improved and almost all, 97%, said they wanted to continue the trial, according to the report.

SAN FRANCISCO TECH STARTUP IMPLEMENTS 4-DAY WORKWEEK, SAYS BUSINESS IS BETTER THAN EVER

In the study, the researchers noted that there is “abundant evidence that long working hours are bad for human health” and even cited a recent report by the World Health Organization and the Organization International Labor Association establishing associations with higher rates of heart disease and stroke.

Desk

Daniel Alpert, managing partner of Westwood Capital, is seen in his Fifth Avenue office in New York City on October 15, 2020. (Timothy A. Clary/AFP via Getty Images/Getty Images)

UK WORKING WEEK TRIAL: WORLD’S LARGEST 4-DAY WORKING EXPERIENCE STARTS

Conversely, the researchers say there is “a growing body of evidence showing that working time reduction has positive health effects for individuals and is economically viable for employers even when it is not accompanied by pay cuts.

Recently, American companies such as Chick-fil-A have even tested their own working hours. A Miami, Florida site reportedly implemented a new schedule that included a four-day weekend for workers.

CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS

Similarly, San Francisco-based HR tech startup Emtrain implemented a four-day work week in July 2021. Since then, it’s been running better than ever, Emtrain President Odessa Jenkins told FOX. Business earlier this year.

#fourday #work #week #trend #gaining #popularity #companies #show #high #levels #productivity

Leave a Comment

Your email address will not be published. Required fields are marked *