Two Hundred UK Companies Sign Up for Permanent Four-Day Working Week

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A group of 200 UK businesses and charities have signed a pledge that company work weeks will be shortened to 4 days without a loss in pay

Including marketing and advertisement; tech, it, and software; and charity groups as well, the companies employ more than 5,000 people.

Organized by the 4 Day Week Foundation, it follows something less than a trend but more than a fad in which a mixture of employees and executives believe that a happier, more balanced workforce is key to driving productivity.

That balance, they would argue, can be achieved by far more people through the reduction of the 5-day work week to a 4-day one.

“[With] 50% more free time, a four-day week gives people the freedom to live happier, more fulfilling lives,” Joe Royle, the foundation’s campaign director, told the Guardian.

“As hundreds of British companies and one local council have already shown, a four-day week with no loss of pay can be a win-win for both workers and employers.”

This sentiment isn’t shared by all workplaces, but market competition should demonstrate over time whether or not firms that implement unorthodox work hours are in fact as productive or more so than traditional ones.

Economics says that with all else being equal, if enjoying more free time leads to greater employee retention and motivation, then these 4-day work week firms will begin to out-complete the old ones, which in turn will be forced to adapt or risk losing market share.

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London firms have been the most enthusiastic, with 59% of the 200 workplaces being located in the capital. With so many firms for talented workers to choose from, it’s no wonder that some are looking to seek advantage in attracting this talent through more desirable working terms.

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Last year, GNN reported extensively on a report that was released by a county government in Washington called San Juan, detailing their one-year experiment with a 32-hour, or 4-day work week. In the report, quitting and retiring decreased by 48%, while 55% of employees said their workflow wasn’t interrupted even though they lost an entire working day’s worth of time to complete it.

Even in the famously hard-working nation of Japan, a 4-day workweek seems to strengthen productivity.

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