Over on
The Irish Times this afternoon is the result of a study in New Zealand that has worked out very well for the employer as well as the employeed. Well worth reading.
The Irish Times: Trial of four-day working week an ‘unmitigated success’ for employees’ health: Reduced hours for same pay cut stress levels and boosted commitment
The New Zealand company behind a landmark trial of a four-day working week has concluded it was an unmitigated success, with 78 per cent of employees feeling they were able to successfully manage their work-life balance, an increase of 24 per cent.
Two-hundred-and-forty staff at Perpetual Guardian, a company which manages trusts, wills and estate planning, trialled a four-day working week over March and April, working four, eight-hour days but getting paid for five.
Academics studied the trial before, during and after its implementation, collecting qualitative and quantitative data.
Perpetual Guardian founder Andrew Barnes came up with the idea in an attempt to give his employees better work-life balance, and help them focus on the business whilst in the office on company time, and manage life and home commitments on their extra day off...
Our two-day weekend is a relatively new phenomenon. According to this very informative article in
The Atlantic, because workers in Britain towards the end of the 19th century frequently missed Mondays from work (due to overdoing things on Sunday), factory owners there compromised and gave them a half day on Saturday on condition they arrive in work every Monday. Furthermore, the same article says this 1.5 day weekend became a two-day weekend in the US in 1908 for the first time:
Where the Five-Day Workweek Came From
It's a relatively new invention—is it time to shave another day off?
Can you see a four-day working week replacing the five-day working week? If so, how soon? I'd say within 20 years, although it could probably happen now in many jobs. Indeed the
3-day working week that Carlos Slim proposed could possibly happen now in some sectors.