What Are The Pros And Cons Of Day Trading? – The modern office is changing. While it used to be common to arrive at an office building in business attire, today employees choose to telecommute from the comfort of their own homes around the world.
Employers are also looking for ways to attract the modern workforce by offering unique benefits that prioritize employee mental health and well-being. Enter a four-day week.
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Some global companies have started experimenting with the four-day work week to see how it affects the health, productivity and engagement of their employees. Although this model is still quite new, many economists already see it as the way of the future.
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We have put together a guide on the pros and cons of the four-day work week, as well as considerations you should make before implementing a four-day work week in your office.
A four-day week means that your employee only works four days a week, typically Monday through Thursday. Some companies shorten the total work week, allowing employees to continue working eight hours a day, for a total of 32 hours a week.
In other companies, on the other hand, employees work 10 hours a day from Monday to Thursday, which means that employees are still working 40 hours a week.
Some companies are also introducing shorter weekly hours, but they are still spread over five days. This could mean that employees work six hours a day instead of eight, for a total of 30 hours a week.
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A four-day work week helps employees feel more relaxed, motivated and committed. This means a happier workforce and at the same time more and better quality work.
An extra day off makes employees happier. Not only does this reduce the weekly work time they spend fighting burnout, it also gives employees more time to prioritize the things that make them happy or that they need.
When employees have more time to travel, complete their to-do list, spend time with family or friends, or do other things that prioritize their mental health, they become happier at work and outside of it. Managers should always prioritize putting employees on the path to success and making them feel valued.
“By moving to a four-day work week, our employees can start their weekends earlier, freeing up time for leisure and personal activities and even days when they can use mental health and social services. others personal.” This has led to a dramatic increase in our staff satisfaction and retention rates.
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Flexible working hours are just one of the many changes that today’s talent wants in the workplace. You can find out what further changes they would like to see in our guide “The Future of Work: What Talents Want”.
Unless your office is already completely remote, a four-day work week will help reduce your company’s overhead costs. Closing the office one extra day a week saves money on supplies and services.
FormsPal’s Mike Chappell said the four-day work week had a significant cost impact. He said there are some unexpected costs associated with running an office, which can be partially mitigated by taking one day off a week:
“It is not uncommon for office expenses, benefits, commuting benefits and a competitive salary to be a significant amount. Also add to your total expenses the cost of providing free lunches, happy hour, and any other fees that help develop your company culture.”
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In companies that have switched to a four-day week, employees are generally more motivated in their work and are better able to manage their time in the office. This means that even though employees work fewer hours per week, they use their working time more productively.
“We noticed that our employees were more productive and efficient in their work. With only four days to complete their weekly results, they have used their time more wisely and can do their job as well or better. Also, since they are rested at the beginning of the week, we can see that their work motivation also improves.
Americans waste about two hours every eight-hour workday. The two biggest time wasters are surfing the net and chatting with colleagues. When you switch to a four-day work week, employees are more engaged during the workday and lose less time to work.
Own the Grill’s James Watts said employee engagement has increased since his company implemented the four-day work week:
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“Everyone is much more productive and energetic than before, which has resulted in our profit and engagement metrics skyrocketing and it feels like a much happier workplace than it was when we left Traditio sticking to Monday to Friday.” Friday. Model. After all, who could ask or want more?”
The four-day week is still relatively new, so many companies are trying it out for the first time. This causes confusion among office workers.
When a day of the work week isn’t available, it’s harder to schedule impromptu meetings or collaboration sessions. Sometimes it’s even difficult to schedule check-ins or one-on-one meetings without pushing employees beyond their working hours.
Some days you can schedule training sessions, brainstorming sessions, or other important meetings and still reasonably expect your employees to get their work done.
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Depending on your business model and product, you need to keep up with customer requirements and demands. In these scenarios, a four-day work week can actually increase stress. Saving one day off per week gives employees one less day to meet deadlines, which would actually mean more work and possibly burnout.
AdQuick’s Chris Gadek said business leaders should think about how the four-day work week will affect their offices:
“While implementing a 4-day work week is a great strategy to help employees achieve a healthy work-life balance, our team members regularly work longer hours to keep up with customer demands. Because of this, we fear that such intense working days will affect their healthy balance for most of the week, causing them to feel exhausted and exhausted. Therefore, we may need to implement new systems and processes to improve our team members’ time management and the efficiency with which they do their work.”
Some industries cannot implement a four-day week. Companies that offer time-dependent services or products cannot close their entire office on one day of the work week. These companies may still be interested in offering innovative services, but they cannot offer the same shortened work weeks that service jobs offer.
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Even in companies that adopt a four-day work week, some employees do not like this model. When Everwallpaper’s Lily Wili introduced the four-day work week, where workers worked four days longer in exchange for Friday off, some workers didn’t want to give it up.
“The schedule change becomes unsustainable because of his family situation, schools, kids’ clubs and activities,” she said. “Although the employees were able to achieve excellent results in terms of performance during the longest four days – about a month – the morale of the team continued to decline. This meant that we changed the experiment to a selection model that gave much better results.
Some people enjoy the company of the office. Especially with remote teams, communicating with your team makes you feel integrated in your workplace. If you take a day out of the work week, employees who enjoy going to the office or communicating virtually with their teams will feel isolated from their colleagues.
Many countries around the world have introduced some form of reduced weekly working hours. The following countries are among the first or countries promoting inclusion.
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In 2015–2019, Iceland introduced a 35–36 hour work week. Many companies noticed an increase in satisfaction and productivity in their teams, and the test was rated as a “good success”. As a result, the vast majority of Iceland’s workforce is now in short-term work.
Key findings: Iceland’s shortened working week experiment allowed employers to choose how hours are allocated. This could mean that every Friday is half a day, or that every Monday to Friday is shortened by an hour or two.
The United Arab Emirates (UAE) became the first country in the world to officially shorten the working week to four and a half days. In the UAE, the weekend officially starts mid-Friday and lasts until Monday morning.
This is also a change from the previous UAE weekend – where Friday and Saturday were weekend days – which was more closely aligned with the working week in Muslim-majority countries.
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Key findings: The change to the working week is part of an ongoing effort to make the UAE a more attractive place for workers and residents. Since many employees would like to have their weekly working hours reduced, an official step in this direction is an advantage.
In 2022, Belgium will start allowing workers to work four days a week, as long as they work the same amount as in a five-day week. This means that Belgian workers give up 40 hours from Monday to Thursday in exchange for a three-day weekend.
This is an optional program for employees who want to work more hours