A few of the top benefits for companies include:
Does competing with the salaries and benefits tech giants like Google and Apple can offer feel impossible? The 4 day work week is a powerful tool in your arsenal to offer prospective developers with a life changing workplace benefit.
According to a recent ZipRecruiter study, job postings with 4-day work week offerings saw 15% more applicants than those of the traditional 5 day work week.
Retaining talent is of top priority for many technology companies. Hiring and turnover are incredibly expensive, and it doesn’t help that the tech industry has one of the highest turnover rates of any industry. To make matters worse — studies predict that replacing a technical role has an average cost of 100% - 150% of an employee's salary.
Roughly 63% — nearly two-thirds — of UK employers adopting the 4 day work week reported that it helped attract and retain talent.
Employees spend their time at work 40 hours a week, but that’s not the same as working 40 hours a week. The 4 day work week allows employees to be more present, undistracted, and focused during the time they’re at work.
Microsoft Japan experimented with implementing a 4 day work week, and found a 40% increase in productivity in the process. .
Getting better talent, retaining that talent, and increasing productivity means our bottom line increases even though we've decreased hours.
Hiring better talent, retaining that talent, and increasing productivity means our bottom line increases even though we’ve decreased hours. That’s what the 4 day work week has to offer, but how do you get started with piloting a 4 day work week within your business?
Understanding that each company varies in size, growth stage, and business model, we don’t recommend a one-size fits all implementation of the 4 day work week experiment. There are three key pillars to a successful 4 day work week implementation:
Put a start date and end date on the trial period.
Survey employees on their engagement, happiness, and stress levels throughout each stage of the process.
Measure productivity and work completed.
With these three pillars in mind, we’ve outlined several approaches to the 4-day work week in our whitepaper so that your company can begin the experiment with the approach that best works for you.