Posted on July 29 2022
Over three dozen companies in the US and Canada are actively participating in the six-month trial of a 4-day work week. This is conducted by a non-profit foundation known as “4-Day Week Global” affiliated to Oxford University with a total of 7,000 employees and 150 organizations who are globally involved with no loss of pay.
As captivating as a 4-day work week sounds to the workers, it is concerning to the employers.
According to the bill that was introduced in the California legislature, suggested a regular salary scale for
32 hours of work per week and this measure was delayed by the committee as the decision wasn’t widely accepted and re-emerge in 2023.
However, over three dozen companies in the US and Canada are actively participating in the six-month trial of a 4-day work week. This is conducted by a non-profit foundation known as “4-Day Week Global” affiliated to Oxford University with a total of 7,000 employees and 150 organizations who are globally involved with no loss of pay.
According to the survey conducted for over 1,000 US employees in January, 2022, 92 percent of individuals are willing to extend their support in implementing a 4-day work week, 79 percent supporting mental health and 82 percent of them mentioned that it will help increase productivity.
It is understandable that the change can be thought-provoking and challenging as the work-related responsibilities seem to interrupt quite often but some of the employers are in the quest to find out how the work is meant to be by trying a 4-Day work week themselves and worked out the best for them.
The employers suggest that a widespread option of adapting to a shorter workweek will reach a huge group of people that will alter the consumer behaviour, expectation of the customer, and reshape the services.
As the employers believe that it is complicated to implement this new and massive change, they also demand to pull few other levers in the aspect of workplace flexibility such as, choosing the work hours they wish to work unlike 9-to-5, or the run other errands efficiently during work hours that will make their jobs more attractive and agreeable.
37% of employees prepared for pay reduction
37 percent of the employees are willing to take a 5 percent pay cut for a 4-Day workweek whereas 72 percent of them stated that a 4-Day work would demand them to work longer days.
However, working for ten hours a day isn’t child care friendly and if the company is willing to pay for shorter workweek (four days of eight hours each), it clearly indicates that the company is reducing its expenses.
Here are some of the suggested ideas for the employees to look for a possibility or even the employers to consider and implement:
*For more information, check out the Y-Axis blog page…
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Posted On December 09 2023
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