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The advantages of a 4-day work week
71% of staff reported much less burnout62% of staff reported improved household and social life 55% of staff reported a rise in “capacity at work”Workers reported extra improved psychological and bodily well being when in comparison with those that didn’t participate within the trial (43% reported a rise vs 16% who reported a decline)Turnover was lowered by as a lot as 57% Firms’ income remained “broadly the identical” — and even rose 35% on common when in comparison with comparable timespans Whereas most staff reported higher outcomes, those that recognized as girls skilled a much bigger increase to life and job satisfaction
On prime of that, 15% of the workers concerned mentioned “no amount of cash” might get them to return to working 5 days per week.
4-day work week issues and dangers — what’s the catch?
When carried out nicely, a 4DWW generally is a reward to staff and assist many dwell their Wealthy Life.
When carried out not so nicely, it may end up in even MORE stress than earlier than.
A 2022 New Zealand pilot examine discovered that corporations that applied a compressed workweek resulted in staff merely compressing the entire work they might have carried out in 5 days into 4.
This meant they wanted that further lengthy weekend simply to get better from the stress they accrued over the course of the week.
A number of the corporations that took half within the 2023 trial reported different challenges:
Conferences had been way more troublesome to schedule and coordinateSelecting the fallacious “kind” of 4DWW mannequin (extra on this later) resulted in poor outcomesDuties typically fell to the managers to provide staff extra time without workSome companies — like customer-facing ones — merely simply couldn’t work with a compressed workweek on account of staffing and different points
These will be some large hurdles to leap over — however that’s half the enjoyable of this summer time check for IWT. We love a superb problem. That’s why we’ve devoted our careers to serving to others dwell their Wealthy Life.
Now, we wish to put our cash the place our mouth is.
The IWT 4DWW Problem guidelines
There are numerous totally different ways in which corporations can make use of a compressed workweek. For one, a enterprise can select to take the identical break day for each worker (sometimes Monday or Friday). Some even do all 5 days per week — however every day is simply 6 hours lengthy.
Full-time IWT staff will select to take both Mondays or Fridays off for everything of the check. Aside from that, issues will function as regular.
Workers will work between 32 and 35 hours per week and obtain their present full charge of pay. PTO and advantages won’t change.
For instance, Bob the IWT Copywriter who earns $70,000 a 12 months would possibly select to take Fridays off. He’ll nonetheless work 8-9 hours a day and can obtain his regular examine at a daily schedule for $70k/12 months. He’ll additionally accrue his trip days at a daily charge, whereas paying into his 401(okay) and receiving his common insurance coverage advantages.
The trial will happen between Could 22 (Memorial Day) and September 1 (Labor Day). If there’s a vacation in a given week, that vacation will substitute everybody’s deliberate non-work day.
(Since July 4th falls on a Tuesday this 12 months, Bob the IWT Copywriter will merely take that break day as a substitute of Friday.)
On the finish of the trial, the IWT staff will vote to see if we must always proceed testing this system. If we find it irresistible, then we’ll proceed on. If not, then we’ll simply return to the best way issues had been.
Why strive a 4-day work week in any respect?
Based mostly on the info, we imagine that working fewer hours every week won’t solely profit the private lives of IWT staff but additionally have the potential to extend the standard and amount of our work.
It’s easy: Much less careworn staff make for pleased staff, which implies higher and extra artistic work.
We additionally wished to do that as a result of it aligns with our core values at IWT:
We’re fixed learners. In a post-pandemic world, it’s extra clear than ever {that a} work-life steadiness is necessary in conserving staff pleased — and conserving them at your organization interval. 4DWW has emerged as a well-liked pattern on this regard. We wish to take the most effective science-backed concepts that we study and check it for ourselves — even when it’s just a little dangerous. We’re higher as a staff. Collaboration and communication are CRITICAL for a profitable 4DWW. Fortunately, our firm tradition is good for that. We apply excessive possession. We talk with intent. And we like to continually collaborate. A compressed workweek is simply an extension of the values that we apply each single day. We come to the desk with options. That is probably the most thrilling half: Virtually each single examine we’ve learn in terms of 4DWW exhibits that staff change into extra artistic and collaborative because of this. That may give us an ENORMOUS aggressive benefit. Consider it as giving steroids to an individual who’s already a genetic freak and may bench press a minivan. The sky’s the restrict at that time.
For greater than 14 years, we’ve all taught individuals the way to dwell their Wealthy Lives. Which means a life lived deliberately, proactively, and abundantly.
A 4DWW may not be part of your Wealthy Life. However based mostly on the science, it’s a strong software to assist us dwell on our personal.
Be part of us within the subsequent few months whereas we try it out to see what you be taught — or, possibly simply to daydream what it’s wish to have an additional lengthy weekend.
Keep tuned for extra subsequent week,
Tony Ho Tran
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