4 DAY WORKING WEEK TRIAL RESULTS A “MAJOR BREAKTHROUGH”
The world’s largest trial of the “4 day working week” has just ended and almost all the companies that participated have decided to continue with a reduced working days model.
61 companies across varied market and business sectors (with a total of 2900 employees) agreed to a trial reducing their hours to a four-day week with no reduction in pay from June to December 2022. Participating companies have seen revenues remaining largely the same while employees wellbeing improved significantly according to the report.
The report, published by Autonomy and 4 Day Week Global showed that employees experienced less stress and reduced anxiety, whilst greater job satisfaction as they were able to balance work with family, caring and social commitments. The results also showed a greater job retention and a substantial deduction in sick days.
Overall results show that almost every organisation will stick to a 4 day week post-trial, with 91% definitely continuing or planning to continue. Most significant was the increase in revenue by 35% over the trial period when compared to similar periods from the previous year, and the benefits of employee retention and in the hiring and recruitment process.
Each company involved in the recent UK four-day work week pilot programme designed a policy tailored to their particular industry, organisation, structure and work culture.