FT News Briefing Could the 4-day work week…work?
Dec 6, 2022
US stocks stumbled as the services sector showed unexpected growth. PwC is aiming to attract top talent from rival EY amid growing competition. The discussion shifts to the four-day workweek, highlighting rising interest post-pandemic. Insights from New Zealand’s pilot program reveal both potential benefits and challenges of this new model. Can a shorter workweek improve work-life balance? Current trials around the world are examined, uncovering how this concept may reshape workplace practices.
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Four-Day Work Week Trend
- The pandemic shifted work rules and sparked alternative job conversations, like the four-day work week.
- This concept involves working one day less without reduced pay.
Why Now?
- The four-day work week is gaining popularity due to the post-pandemic re-evaluation of work-life balance.
- It's seen as a tool for employee retention and recruitment, especially in tech.
Uncharted's Experience
- Banks Benitez, CEO of Uncharted, piloted a four-day work week in 2020 after observing team burnout.
- He found it exposed inefficiencies and cultural beliefs about overworking.