Let’s be honest! You must have dreamt of a 4-day work week even after knowing that it is just a utopia. But Covid 19 pandemic brought the world to a stand-still and compelled companies to rethink their operational strategies.
Reducing the number of working days in a week has now escalated from just being a conversation topic to actual implementation. Businesses across the world have said that they actually benefited from this structure.
How? Let’s explore. But first, you should know what a 4-day week means.
What is a 4 Day Work Week?
A 4 day week consists of reduced work hours and not a compressed work schedule. That way, the employee works around 28 hours for four days and gets three days for weekends.
Reasons Why More Companies Are Opting for It
The 4-day work week is not an alien concept that emerged after the pandemic. Microsoft Japan tried it, and the results were overwhelmingly positive both for the employees and employers.
Let’s understand why more companies are now willing to follow suit.
- Enhanced Productivity– A study conducted by Stanford University revealed that overworked employees are much less productive than those working through a normal working week. Another research in New Zealand revealed that employees maintained the same productivity level 4 days a week.
Not just that, their teamwork and company loyalty improved as their job satisfaction and work-life balance also enhanced. Employees also experienced less stress. But the results are not surprising, as it has been already revealed that the most productive countries in the world, like Germany, Norway, Denmark, and the Netherlands, work for 27 hours a week.
- Equality – A study of the Gender Pay Gap reveals that a sustainable chunk of the working population has to quit or take a sabbatical because of childcare responsibilities every year. Almost 90% of them are women. A 4-day work weekwill enable an equal workspace where all can spend time with families and juggle work and care commitments.
- Less Operation Cost – This goes without saying that while 4 Day Work Week is beneficial for employees, it offers an equal share of perks for employers. With shortened weeks, employers also have reduced operating costs. Their rents, electricity, and transportation bills all go down with probably enhanced productivity. So it is a win-win situation.
- Less Carbon Footprint –Countries advocates of 4 Day Work Week have recorded fewer carbon footprints. This is because employees commute less, thanks to shortened work weeks, and office buildings now operate for just four days. So even the environment is benefitted through this.
But not all companies can implement this as this can bring about poor customer service. Those companies that need 35 hours of work cannot go for this, too, as their productivity will suffer.
However, the 4-day work week comes with many benefits, and companies across the world are not shying away from trying this. If you strategize and execute it analytically, your business can make the most of this concept. So try it if you, too, want to be an early starter of the next industrial revolution.