July 31, 2023
A study by 4 Day Week Global has found that the four-day work week remains a resounding success after one year.
The study, which involved 220 companies in 70 countries, including the U.S., Australia, and the United Kingdom, found that workers were more efficient, even as work intensity dipped. They worked less, and were able to better maintain their work-life balance. Revenue at firms participating grew by 15%, and a third of employees said they were less likely to leave their jobs.
Employees demonstrated higher efficiency, although labor intensity decreased, according to the study. They were also able to achieve a better work-life balance because to the four-day work week. Another study of 2,000 Americans found that 70% would be more inclined to stay with their present job if it offered a four-day work week. To top it all off, a University of Oxford research discovered that a four-day work week might enhance the U.K. economy by £25 billion per year.
4 Day Week Global’s CEO, Dale Whelehan, also expressed confidence in the model’s sustainability and looks forward to tracking companies’ experiences in the future.
The sources for this piece include an article in BusinessInsider.
