IS A FOUR-DAY WORK WEEK THE FUTURE? A recently published research paper from the non-profit 4 Day Global revealed that companies that gave their staff an extra day off per week, with no reduction in pay, experienced increased revenue alongside reduced absenteeism and resignations. What’s more? Revenues of companies participating in the experiment shot up by 38 per cent. More than 30 companies and almost 1,000 employees in countries including the US, Ireland and Australia recently concluded a six-month four-day week pilot programme coordinated by the non-profit 4 Day Week Global. “The two-day weekend is not working for people,” said lead researcher Juliet Schor, an economist and sociologist at Boston College. The social experiment was a successful one. However, it is left to researchers to figure out how a 4-day week would work across sectors. Yes, it makes sense in education and most white-collar jobs, but what about essential sectors, such as healthcare, already facing an acute shortage of skilled workers? While the four-day week sometimes works, it may not be practical in all situations. [By Dhanusha Gokulan, Chief Reporter]
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