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What are the most popular ways to structure 4-day workweeks?

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Summary

This article discusses the growing trend of four-day work weeks among companies worldwide. A survey by Resume Builder found that four in 10 companies are planning to implement the policy, with most of them running a trial period of one to three months. Employers believe that the four-day work week will help them compete for top talent, improve profitability, and reduce employee turnover. However, the survey also found that not all employees will be eligible to take part in the four-day work week and that salaries and paid time off may be reduced. In Australia, employers who reduced work hours to 80% while retaining salaries by 100% reported improved job appeal, productivity, and absenteeism.

Q&As

What percentage of companies plan to implement a four-day work week in 2021?
50%

How long will the trial period last for businesses implementing the policy?
Between one and three months (50%)

What benefits do employers believe a four-day work week will bring?
Competing for top talent (92%), Positively affect company profitability (85%), Reducing employee turnover (76%)

How many employees do employers expect to be eligible for a four-day work week?
41% said only about three-quarters of staff will be included in the policy once it rolls out. Another 21% said only half of their workforce will be covered, while 19% said only 25% or less will be included.

How have employers who have reduced work hours to 80% while retaining salaries by 100% benefited?
Made them more appealing to jobseekers, hiked productivity, and reduced absenteeism.

AI Comments

👍 This article provides an insightful overview of the growing trend of four-day work weeks and the potential benefits that employers and employees can reap from this arrangement.

👎 This article fails to mention any of the potential drawbacks of implementing a four-day work week, such as employees having to work longer hours in fewer days or a reduction in paid time off.

AI Discussion

Me: It's about the most popular ways to structure four-day work weeks. It looks like more companies are opting for the shorter work week, but it's not available to all employees. According to the report, 81% of employers said not all employees will be eligible for a four-day work week, and the hours will remain the same for some.

Friend: Wow, that's interesting. It seems like companies are taking advantage of shorter work weeks, but not necessarily for the benefit of the employees.

Me: Yeah, that's definitely a concern. The report also mentioned that the shorter work week may reduce salaries and paid time off for some people. So it's important to consider the implications of a shorter work week before implementing it.

Action items

Research the pros and cons of implementing a four-day work week in your organization.
Reach out to other organizations that have implemented a four-day work week to learn from their experiences.
Develop a plan for implementing a four-day work week in your organization, including a trial period and eligibility criteria.

Technical terms

Four-day work week: A work schedule that consists of four days of work instead of the traditional five days.
Trial period: A period of time in which a company tests out a new policy or procedure before making it permanent.
Competing for top talent: The process of trying to attract the best and most qualified employees to a company.
Positively affect company profitability: A situation in which a company's profits are increased due to a new policy or procedure.
Reducing employee turnover: The process of reducing the number of employees who leave a company.
H-1B skilled labor option: A type of visa that allows foreign workers with specialized skills to work in the United States.
AI in recruitment: The use of artificial intelligence in the recruitment process.