4-Day Work Week?
Photo by Tim van der Kuip on Unsplash
Many workplaces across Australia and New Zealand including marketing, communications and tech consulting firms are now trialling a 4-day work week, without reducing staff wages. The aim is for employees to maintain 100% of their current productivity, whilst accessing some flexibility.
Trials of this type of working arrangement in the past has indicated increased productivity and commitment by employees and employers. For example, in Iceland, 2500 public sector workers participated in trials. Results showed no drop in productivity and a significant increase in employee well-being.
What does this mean for your business?
It is evident that the traditional ways of working are now under pressure. Employees in the modern workplace environment, in particular the younger generation prioritises work-life balance, flexibility, and well-being. These are the benefits individuals also look for in an ideal employer or role.
While the 4-day working week is still a thing of the future, it is always good to consider what this can mean or look like in your business.