The four-day work week may become a thing sooner than we think
The global pandemic of the new coronavirus disease (COVID-19) has destroyed the stereotypes of traditional 'office work.' As remote work becomes commonplace, the 'four-day work week (three-day work week system)' is attracting attention.
'It's better for humans': The four-day workweek is closer than you think - MarketWatch
The idea of a four-day work week has been advocated even before the pandemic. At the time of writing, the most common way of working is to work five days a week and take two days off, but it has long been pointed out that
It is clear that introducing a three-day work week reduces stress and increases productivity by 20%, and allows you to maintain the same amount of work as with a two-day work week system - GIGAZINE
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Kuali is headquartered in Lehi, Utah, and has 70 employees, most of whom work remotely. The company switched to a four-day workweek in the second half of 2022, and since then, not a single employee has left the company. CEO Joel Dehlin said, 'The biggest productivity loss is employee turnover,' explaining the benefits of the current situation, saying that the lack of turnover means that there is no time needed to retrain employees. 'In the future, the four-day workweek will become mainstream,' he predicted.
Like Dehlin, hedge fund manager Steven Cohen, a well-known billionaire and owner of the New York Mets, also believes that a four-day workweek will become mainstream.
Cohen cited Fridays as generally less productive and the growing presence of AI, saying he's 'confident the four-day work week will become a reality.'
Steve Cohen says a 4-day work week is coming in part because of AI
https://www.cnbc.com/2024/04/03/steve-cohen-says-a-4-day-work-week-is-coming-in-part-because-of-ai.html
A survey by research firm KPMG of 100 CEOs at companies with annual revenues of $500 million (approximately 78 billion yen) also found that three in 10 CEOs are considering introducing a four-day or four-and-a-half-day workweek.
KPMG 2024 CEO Outlook Pulse Survey
In companies considering introducing a four-day work week, Fridays have become so unproductive that people mistakenly think that it's already the weekend off. Since the pandemic began, office occupancy rates on Fridays have been steadily declining, with the gap with other days of the week only widening.
On the other hand, a four-day work week is also attractive to workers, with research firm Gartner reporting that roughly 70% of job seekers cite 'a four-day work week without impacting salary' as the top perk they are looking for.
Police departments that normally work year-round are also testing eight-hour, four-day-a-week shifts. The experiment has been well-received in Denver, Colorado, and there has been no change in the number of traffic stops or arrests in Golden, Colorado.
Police work is stressful and the working hours are irregular, which puts a lot of strain on the body and mind, but working four days a week means more time to spend with family, which improves the quality of sleep and means less childcare costs.
According to 4 Day Week Global , a nonprofit organization that promotes the four-day work week, companies and organizations in five countries participated in the four-day work week test in 2023, but this number will increase to 19 countries in 2024.
4 Day Week Global
https://www.4dayweek.com/
However, while worker satisfaction is undoubtedly higher, there are many cases where self-reported productivity has 'improved,' and Alex Pang, director of 4 Day Week Global, said, 'Productivity is difficult to measure. 'The reason is that many of the companies and organizations testing the four-day work week work in fields such as social services, so it is difficult to measure how much productivity has increased by working four days a week.
Still, 'no one would do a four-day week if it would hurt their bottom line,' Pan said.
On March 13, 2024, Senator Bernie Sanders and others in the United States introduced a bill to establish a standard 32-hour work week without reducing wages.
NEWS: Sanders Introduces Legislation to Enact a 32-Hour Workweek with No Loss in Pay » Senator Bernie Sanders
https://www.sanders.senate.gov/press-releases/news-sanders-introduces-legislation-to-enact-a-32-hour-workweek-with-no-loss-in-pay/
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