World's Biggest Experiment For 4-Day Work Week Is A Massive Success: More Revenues, Happy Employees & More!


Radhika Kajarekar

Radhika Kajarekar

Feb 27, 2023


Last year in the UK, a trial run was conducted of the most innovative scheme  – a four-day working week.

A third of the UK companies taking part in the largest-ever trial of the four-day working week are prepared to make the switch permanently, and the majority are not going back to the five-day standard.

World's Biggest Experiment For 4-Day Work Week Is A Massive Success: More Revenues, Happy Employees & More!

UK’s Largest Four Day Work Week Trial: What Are The Results?

About 2,900 workers from 61 organizations participated in the study, which ran from June to December 2022. 

According to data released on Tuesday, only three organizations chose to pause the experiment, and two more still need to be debating working fewer hours. 

The remaining group came to the conclusion that four workdays per week are the new five after seeing increases in revenue, decreases in turnover, and lower levels of employee burnout.

Given that the research was conducted during trying economic conditions, such as rapid inflation, political unpredictability, and Brexit fallout, thousands of employees voluntarily adopted shorter workweeks is noteworthy. There were times when it seemed questionable to start a program to cut back on work hours during a recession.

As per lead researcher Juliet Schor, an economist, and sociologist at Boston College, “The organizations did a great job, and they’re really happy with it.”

Five Day Work Weeks No Longer Compatible?

Five-day workweeks are no longer compatible with the commitments and lifestyles of contemporary workers, especially carers, according to her research, which has been ongoing for some time.

The findings of smaller trials conducted by US, Irish, and Australian companies, published in December, are strongly supported by the UK data. 

According to that study, there were similar increases in employee productivity and revenue along with decreases in turnover and absenteeism. The number of companies and employees covered by those pilots was about half that of the UK trial.

None of the 2,900 participants said they wanted to change the four-day schedule, and 15% even said no amount of extra money could convince them to switch back to five days. 

The majority of businesses adopted four-day workweeks, but a small percentage chose shorter five-day schedules or, in the case of seasonal businesses like restaurants, an annualized four-day week model in which longer opening hours in the summer would make up for shorter days in the winter.


Radhika Kajarekar
Radhika Kajarekar
  • 627 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online