IS A FOUR-DAY WEEK THE FUTURE?

For some time, the four-day work week and demands for this new style of working to become a reality in the workplace have been gaining traction.

While the five-day week was once a great concept for getting the most out of employees, it was developed during a time when industrial labour was the norm. However, in today’s society modern technology has significantly sped up the way we work, and that the five-day week is no longer necessary.

Across the globe, businesses big and small, have been experimenting with how feasible, productive, and profitable a transition to working four days a week may be. Trials of a four-day work week have been successful in New Zealand, Sweden, and Spain, with the United Kingdom being the most recent country to test the concept in the hopes of achieving the same level of productivity in fewer hours of labour. 30 large companies will be participating in trialling a “4-day work week” for 6 months with researchers measuring not only productivity but also the impact on workers’ wellbeing and assess the program’s effect on the environment and gender equality.  

The UK trial will follow the 100:80:100 model, where workers receive 100 per cent of the pay for 80 per cent of the time - in return for committing to maintain 100 per cent of their previous productivity. As a result, the individual would work approximately 28 hours over four days.

 

So, what are some key pros and cons of the 4-day work week?

 

Advantages of a four-day working week

Better Work-Life Balance

Allowing employees to take an additional personal day allows them to focus on personal projects, pursue hobbies, and spend more time with their families, all of which may be beneficial to their mental health.

It seems to reason that having more leisure time, working fewer hours, and spending less time in front of a computer screen will lower stress. Employees who have a better work-life balance are healthier and more productive.

Increase in Productivity Levels

Working fewer hours has been found by researchers to increase productivity. Employees may feel better and more content as a result of spending less time at work, allowing them to focus on their task while they are there. Employees who are happier and more content are more focused on their jobs when they are at work, according to the theory behind a shorter week.

Perpetual Guardian, a significant New Zealand company, experimented with a four-day work week and discovered that not only did productivity increase by 20%, but work-life balance scores improved from 54% to 78%.

Smaller Carbon Footprint

Shorter working hours are associated with a lower carbon footprint, thus cutting our work week from five to four days might be beneficial to the environment as well. Employees will need to commute less if their work week is cut short, lowering their carbon impact. Research published recently by the environmental organisation Platform London showed that moving the economy to a four-day, 32-hour working week—crucially, with no reduction in pay for workers—would reduce the UK’s carbon footprint by 127 million tonnes per year.

Recruitment and retention

Workers demand more flexible work patterns as a result of the growth in hybrid and remote working during the pandemic. This is clearly a bonus that persuades employees to stay at a firm. Employees are encouraged to work week after week when they know they'll get a three-day weekend. It's still a somewhat uncommon benefit, but it may be a terrific way to attract top people and keep them motivated. 

 

Disadvantages of a 4-day work week

It Doesn’t Suit Every Business Model

Unfortunately, a four-day workweek isn't suitable for every company. It's only a feasible choice for businesses that can convert their entire operation to a new style of functioning. Longer hours and work-related stress.

Difficult to Implement

Changing from a five-day to a four-day workweek is difficult to implement. Schedules must be revised, policies must be amended, and personnel must be informed of the changes. Because this changes the way all areas of your business work, it may take some time to implement.

Increased Deadline Pressure

Workers will have fewer days to finish tasks while working the same or less hours per week. When employees have less time, they may feel more pressure to get things done. On days when you aren't working, work from other companies may still pour in, adding to your stress.

 

Although the reduced work week has been successful for many European firms, it remains to be seen whether a 4-day week is the solution to the changing 21st century workplace or not.

The four-day approach may not be appropriate for all industries but what research and statistics have shown is that companies who place a greater emphasis on employee well-being, engagement, morale, and productivity reap the advantages.