4-Day Work Week
28th Mar 2023
The 4 day work week results are in!!!
The trial has revealed extraordinary results from the shorter working week pilot.
The aim of 4 Day Week - Global is to implement a 100-80-100 principle of work. 100% of the pay, for 80% of the time, in exchange for a commitment to delivering 100% of the output.
Are business leaders really ready to make this step?
The below statistics may make you consider:
Revenue
- 92% of the companies involved are continuing with the 4-Day week.
- 35% increase in revenue on average when compared to similar periods from previous years.
Business:
- The average rating from managers on productivity and overall experience was higher than the baseline.
- 57% reduction in staff resignations during the trial.
- Nearly 100% of employees involved said they would prefer a reduced work schedule.
Health:
- 71% reported lower burnout and 39% lower levels of stress.
- Nearly half reported lower levels of fatigue and sleep difficulties.
- Issues with getting sufficient sleep reduced on average.
- Over-two fifths reported improved mental health.
Family:
- Nearly 3/4 reported greater satisfaction with their time and 3/5 found it easier to combine paid work with care responsibilities.
- 62% reported improved combining of work and social life.
- 21% reported a reduction in childcare costs.
Gender Equality:
- Parenting time by men more than doubled during the trial.
Candidate Attraction:
- 85% of job seekers would prioritise companies offering a 4-Day work week according to Pivotal's LinkedIn poll
This trial of nearly 3,000 staff & 61 companies was conducted by 4-Day Week - Global, Autonomy UK and the UK 4-Day Week campaign in conjunction with academic research rigorously conducted by Boston College and the University of Cambridge.
Please see an abridged report here: https://lnkd.in/e8_Sx3ef
It is time to have a serious conversation about the revolution of work.
If you would like to discuss strategies that can help with any of the above please feel free to contact us.