Newsletter Article
Member Benefit
Published Mon Apr 11 2022
For the next few months, a pilot program is testing the effectiveness of a four-day workweek in the US and Canada. Successful elsewhere in the world, the program has employees work 80 percent of the time for 100 percent of their pay while maintaining 100 percent of their productivity. The theory is that a four-day week will reduce burnout, improve turnover rates, and increase employee efficiency in their roles. “More and more companies are recognizing that the new frontier for competition is quality of life, and that reduced-hour, productivity-focused working is the vehicle to give them that competitive edge,” said Joe O’Connor, CEO of 4 Day Week Global. Employees seem excited by the prospect. According to a recent study from Qualtrics, a massive 92 percent of US employees favor a shortened workweek. In the US and Canada, 38 companies will try out the truncated schedule, and a related pilot in the UK already has 50 organizations participating, representing more than 3,000 employees.
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