Four day week trial
More than 60 companies have recently taken part in a four-day week trial to better understand the benefits and draw backs of employees receiving 100% pay for 80% working time.
Over 3000 workers in over 30 sectors took part in the six-month trial. This resulted in 92% of the organisations taking part continuing the four-day week with 18 organisations making the change permanent.
Joe Ryle, the Director of the 4 Day Week Campaign, called the trial a “major breakthrough moment”, adding: “Across a wide variety of sectors, wellbeing has improved dramatically for staff; and business productivity has either been maintained or improved in nearly every case.
“We’re really pleased with the results and hopefully it does show that the time to roll out four-day week more widely has surely come.”
The results showed improvements in employee’s health and wellbeing, reduced absence levels (a drop of two thirds) and improved retention rates – the number of staff leaving during the trial period dropped by 57%. Staff surveys showed the employees said they were 39% less stressed, 40% said they were sleeping better and 54% said they found it easier to balance work and home life.
Business performance and productivity scores have improved, with productivity scores now at 7.5/10 on average. Organisations also reported increased revenue when compared to similar periods in previous years.
As employees continue to struggle with the cost-of-living crisis and organisations continue to look for ways to support their employees with mental, emotional and financial wellbeing – a four-day week might be an effective way to support your employees and improve their lives both at work and at home.
If you would like help looking at ways to implement a four-day week, please get in touch.
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