A few organisations are considering shortening the week to four days. What are the advantages for employers?
New technologies, such as artificial intelligence (AI) and robotics, are becoming increasingly prevalent in the workplace and have the potential to significantly boost UK output. For workers, the potential reward of this technological revolution is more freedom, more control over their time and, if many employees had their way, a four-day working week.
And it could be a great move for business. Earlier this year in a landmark experiment, a New Zealand trust, wills and estate planning firm spent two months testing a four-day working week for its employees, with no reduction in pay. The results? Sense of work-life balance for workers at Perpetual Guardian went from 54% to 78%. Stress went down. And the missed hours didn’t affect job performance, which actually slightly improved. Now they’re making the change permanent.
This is an extract from the Business & Management Magazine, Issue 270, December/January 2018.
Full article is available to Business and Management Faculty members and subscribers of Faculties Online.