Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

More than 1,000 UK employees trial four-day working week without pay cut

Seventeen UK businesses, including Crate Brewery in Hackney and the British Society for Immunology, are launching a six-month trial of the four-day working week with over 1,000 employees participating.

Organised by the 4 Day Week Campaign, this trial lets workers maintain full pay while working only four days each week.

This follows a successful trial in 2022, where 56 out of 61 participating companies permanently adopted the shorter week after reporting improved staff morale, reduced stress, and no negative impact on performance.

The trial will run until April, with data on employee wellbeing, productivity, and burnout collected by researchers from Cambridge University, the Autonomy Institute, and Boston College. Findings will be presented to the government next summer, offering further insight into the feasibility of a four-day work model.

Labour has shown interest in flexible work options, with Deputy Prime Minister Angela Rayner stating that it poses “no threat to the economy.” Joe Ryle, director of the 4 Day Week Campaign, champions the model for offering “50 per cent more free time and no loss in pay,” promoting happier, more fulfilling lives.

For companies like Crate Brewery, the trial offers a unique advantage in the hospitality industry. Georgia Pearson, the company’s people manager, remarked that this “groundbreaking” shift not only supports employee wellbeing but also provides a competitive hiring edge. Doug Brown, CEO of the BSI, expressed optimism for improved work-life balance among staff, while underscoring the importance of maintaining high service standards.

Already, close to 200 UK companies have adopted the four-day week, and a recent survey by Owl Labs suggests that 1.5 million UK employees are working four-day weeks, showing growing interest in this approach across the workforce.

Read more:
More than 1,000 UK employees trial four-day working week without pay cut

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved