The world's largest four-day workweek trial has concluded and the organizers behind it say companies who participated reported increased revenue and decreased resignations.
. Additionally, 18 of those 56 companies have confirmed that the policy change will be permanent. “You can reduce work time without [it] impacting negatively on the business. And therefore, the question is why not do it?” Charlotte Lockhart, the managing director and founder of 4 Day Week Global, said in a video interview with BNNBloomberg.ca on Feb. 17.
The trial's ethos dictated that employees would receive 100 per cent of their compensation while working 80 per cent of their typical hours, with no changes in productivity. As a result, each company designed their own strategy to transition to the reduced workweek, the report said.Staff departures dropped by 57 per cent over the course of the trial period, the report said.
Company revenues were also 35 per cent higher on average when compared to that same six-month period a year earlier in 2021, according to Schor, who added that the reopening of the U.K.’s economy after the pandemic likely contributed to the uptick.According to a press release Tuesday from 4 Day Week Global, companies rated the trial experience an average of 8.5 out of 10, with business performance coming in at 7.5 out of 10.
Measures of work-life balance also increased across the trial period, according to the report, as 54 per cent of employees had an easier time balancing work with household jobs. Some 60 per cent of participants were better able to integrate care responsibilities with their work and 62 per cent indicated it was easier to integrate their work responsibilities with their social life. LIMITATIONS
Schor said she thinks in terms of higher-intensity and lower-intensity workplaces regarding compatibility with the shortened week.
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