November 30, 2022
A major victory in the battle to fundamentally alter Britain’s perspective on work has been achieved with the signing of 100 UK enterprises to a permanent four-day workweek for all of their employees with no pay loss.
The 100 enterprises employ 2,600 people, which represents a very small portion of the working population in the UK, but the 4 Day Week Campaign group is hoping they will be the forerunners of a significant change.
The five-day schedule, according to proponents of the four-day workweek, is a holdover from a previous economic era. They contend that a four-day workweek would encourage businesses to increase production, allowing them to produce the same amount of work in less time. The policy has also shown to be a successful method of luring and keeping personnel for some early adopters.
The two biggest signatories are Atom Bank and the international marketing firm Awin, each of which employs roughly 450 people in the UK. They have been recognized by the four-day week campaign, proving that they have not just made employees work longer days but also really less hours.
The UK campaign is also organizing the largest four-day workweek trial in the world with researchers from the Universities of Cambridge and Oxford, Boston College, and thinktank Autonomy, involving about 70 companies and 3,300 employees.
In a survey conducted in the middle of the trial in September, 88% of those businesses reported the four-day workweek was “good” working for their business at that point. About 95% of the businesses surveyed reported that productivity had either improved or stayed the same since the change.
Source: The Guardian
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