In a first, 100 companies in the United Kingdom have agreed to implement a permanent four-day work week for all employees with no pay loss.
London: In a first, 100 companies in the United Kingdom have agreed to implement a permanent four-day work week for all employees with no pay loss. The new working pattern will benefit approximately 2,600 employees from 100 firms. Two well-known companies, Atom Bank and global marketing company Awin, have signed up for the implementation of this scheme. Both firms have around 450 employees in the UK.
According to The Guardian, Awin’s Chief Executive Adam Ross stated that “the company’s adoption of a four-day week is set to bring lots of changes, as we’ve experienced in the company’s history.”
The five-day schedule, according to supporters of the four-day workweek, is a holdover from a previous economic era. They claim that a four-day workweek would encourage companies to increase their production, allowing them to produce the same amount of work in less time.
The UK Campaign is also organising the largest pilot programme in the world, involving roughly 70 enterprises and 3,300 employees as part of a trial with scholars from the Universities of Cambridge and Oxford, Boston College, and think tank Autonomy.
In a survey conducted in the middle of the trial in September, 88% of those firms stated the four-day workweek was “good” for their business at that time. According to the Guardian, approximately 90% of the firms surveyed reported that production will remain the same or may improve following the implementation of a new working pattern.
Officially, the majority of firms, whether in technology, events, or marketing, have accepted the four-day work week. Meanwhile, the drive said that several manufacturing and construction employers had also signed on to the scheme.