Global 4-day week pilot was huge success, organisers say

WORLD  01 December 2022 - 12:06

The verdict is in: A four-day workweek is good for business.

After six months, most of the 33 companies and 903 workers trialling the schedule, with no reduction in pay, are unlikely ever to go back to a standard working week, according to the organisers of the global pilot program, CNN reports.

None of the 27 participating companies who responded to a 4 Day Week Global survey said they were leaning towards or planning on returning to their former five-day routine.

About 97 per cent of the 495 employees who responded said they wanted to continue with a four-day week.

The majority of companies taking part in the trial were based in the United States and Ireland. Those responding to the survey rated their overall experience 9 out of 10, based on productivity and performance.

Workers were equally positive about the trial, reporting lower levels of stress, fatigue, insomnia and burnout, and improvements in physical and mental health.

The trial was also good for company earnings. Average revenue rose 38 per cent when compared to the same period last year, according to the survey.

4 Day Week Global, a nonprofit organisation, collaborated with researchers at Boston College, University College Dublin and Cambridge University for the trial. It was split into two cohorts, beginning in February and April this year.

Juliet Schor, professor of sociology at Boston College and the trial’s lead researcher, said that employees did not report an increase in the intensity of their work.

“This suggests that the work reorganisation strategy succeeded and performance was not achieved via [speeding up], which is neither sustainable nor desirable,” she said.

Caliber.Az