The power, importance and value of a job should never be underestimated. But, as the saying goes, “all work and no play,” is not only unhealthy, it is inefficient. That’s why more and more employers are implementing the 4-day workweek in an effort to provide greater work-life balance, better productivity, higher morale, and a healthier environment for employees.
BENEFITS FOR EMPLOYERS
The power, importance and value of a job should never be underestimated. But, as the saying goes, “all work and no play,” is not only unhealthy, it is inefficient. That’s why more and more employers are implementing the 4-day workweek in an effort to provide greater work-life balance, better productivity, higher morale, and a healthier environment for employees. Employers who offer a 4-day workweek typically benefit in the following ways:
Increased productivity: Studies have shown that employees who work a 4-day workweek tend to be happier and more productive in their jobs.
Reduced absenteeism: When employees are happier and have more free time, they are less likely to take sick days or call out of work.
Lower overhead costs: Employers can save money on utility bills, office supplies, and other overhead costs when they reduce their workweek from five days to four.
Improved recruitment and retention: Having a 4-day workweek can make a company more attractive to prospective employees and help retain existing employees who may be looking for more flexible work arrangements.
Increased employee engagement: Employees who work a 4-day workweek tend to be more engaged and motivated at work due to the extra day off.
Improved work-life balance: Employees who can manage their work and personal lives more easily are more likely to be productive and successful at their jobs.
BENEFITS FOR EMPLOYEES
The benefits for employees are more obvious. Not only are they able to spend more time with family and friends following the extra day off, but they also get paid the same amount as in a traditional 5-day workweek. Here are some additional benefits:
Increased Work-Life Balance: Working four days a week allows employees to have an extra day of rest and relaxation, allowing them to better balance to their personal and professional lives
Increased Job Satisfaction: With the extra day off, employees can have more time to pursue leisure activities and spend time with family, which can lead to greater job satisfaction.
Improved Productivity/Morale: Working four days a week can help increase employee engagement and productivity, as people have more time to rest and recharge from their work. In addition, employees feel more motivated and engaged in their work, leading to higher morale.
Increased Creativity: With more time for contemplation and reflection, employees can be more creative and innovative in their approach to problem-solving.
Working fewer days can reduce stress and employees avoid burnout caused by long hours and have more energy to devote to their job tasks.
Improved Health and Wellbeing: Working four days a week can lead to increased physical and mental health, as people have more time to focus on their physical and mental health and wellbeing.
This trend of the 4-day workweek is already being embraced by several prominent companies that prioritize the well-being of their employees. Microsoft Japan was one of the first companies to experiment with the 4-day workweek, which led to a 40% increase in productivity and 92% of employees expressing greater satisfaction with their work-life balance.
Another example is Perpetual Guardian, a New Zealand-based financial services company. The company adopted a four-day workweek and found that staff performance and engagement improved significantly. Furthermore, the number of sick days decreased, showing that employees were taking advantage of their days off to get some extra rest. Other notable companies such as Google, Yahoo!, LinkedIn, and Amazon have since followed suit.
The success of the 4-day workweek has been demonstrated by both employers and employees. From the employers’ point of view, they have seen an improvement in productivity and morale in the workplace. Employees have been given more time to pursue activities they find enjoyable. It is evident that when implemented properly, the 4-day workweek has been a successful and beneficial opportunity for both sides. With the right approach, the 4-day workweek can be a viable and sustainable option for the future.