The Power of a Four-Day Workweek
According to research led by the President of Magdalene, Professor Brendan Burchell (1990), and a team of Cambridge social scientists, a recent trial has highlighted the remarkable benefits of a four-day working week.
Are we working too much? The UK’s four-day week trial
In the study, 61 UK organizations reduced their employees' work hours by 20% for six months without reducing their pay.
The results were impressive, showing a significant decrease in stress levels and a remarkable reduction in sick days by 65%. Additionally, employee retention increased by 57%. Surprisingly, these positive outcomes did not compromise company revenue, with some organizations even experiencing average marginal growth of 1.4%.
The trial demonstrated that a four-day workweek provides employees with a better work-life balance, enabling them to effectively manage their family and social commitments. Employers also noticed improved productivity and efficiency gains.
Building on the success of the trial, 92% of the participating companies (56 out of 61) have committed to continuing the four-day workweek, with 18 organizations making it a permanent change.
The study showcases the advantages of a four-day working week, including reduced stress, improved work-life balance, increased productivity, and enhanced employee retention. By embracing this innovative approach, businesses can create a healthier and more motivated workforce, leading to a brighter future of work.
Reference: University of Cambridge: Would you prefer a four-day working week?