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Blusource provides a range of recruitment solutions to the professional services sector as well as businesses ranging from SME’s to FTSE top 100 organisations
Our specialities include sourcing Office, HR, Accounting and Finance Professionals, whilst our Executive brand can help you source the next leaders for your business
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We are supporters and attendees of regular networking events and consider ourselves established members of the business community
While the idea of only working for just four days a week while being paid for five sounds too good to be true — it could be the future of work
With the pandemic accelerating many organisations’ adoption of flexible working models, the idea of offering a four-day workweek to help employees achieve an improved work-life balance and to promote workplace wellbeing has been met with enthusiasm by workers and HR professionals alike
But could a four day workweek actually work in your business? How does it work? You may be wondering, why would a business pay its employees the same for working fewer hours? Instead of working 35 to 40 hours per week over five days, a four-day workweek sees employees work as few as 28 hours over four days, with a three-day weekend
While the four-day workweek may seem like a crazy idea, a reduction in work hours is nothing new Let’s not forget that until about 100 years ago, it was common for employees, including children, to work 10 to 16 hours per day, six days a week
In fact, during the Great Depression in the 1930s, English economist John Maynard Keynes predicted that within 100 years, the working week would be reduced to 15 hours While his prediction may have been off, we are trending in that direction
The first country to legislate an eight-hour work day was the Soviet Union in 1917 While many other countries have adopted this, the UK does not enforce by law an eight-hour working day However, under the Working Time Regulations of 1998, employees under the age of 18 are limited to 40 hours per week, and workers older than 18 are limited to 48 hours per week
The benefits of a four-day workweek A four-day workweek has been made possible in recent years due to advancements in technology that allow employees to streamline and automate their workflows Plus, if the pandemic has taught us anything it is that people can thrive in different work situations
According to research, one benefit of implementing a four-day workweek is improved productivity Overworked employees are actually less productive and at risk of burnout, whereas workers that are well rested are happier and more engaged employees
Perpetual Guardian, a New Zealand-based financial services company, ran a pilot programme featuring a four-day workweek in 2018 The results? Lower stress, happier employees, and a 20% increase in productivity Workers’ stress levels dropped 7% and work-life balance scores increased from 54% to 78% The company also reported increased profits
Iceland also recently released the results of a four-year long trial of a four-day working week, with researchers calling the move an “overwhelming success” About 1% of the country’s population participated in the trial, which covered a range of workplaces including preschools, offices, social service providers, and hospitals Many workers moved from a 40-hour week to 35 to 36 hours, and productivity either stayed the same or improved Workers also reported feeling less stressed and at risk of burnout, and that their work-life balance had improved
One unexpected benefit of a shorter working week is a reduced carbon footprint! One day a week, employees will not be creating emissions from their commute and work tasks During a five-week trial of a shorter working week, Microsoft Japan reported a 23% reduction in weekly electricity use in the office and, surprisingly, a 59% decrease in the number of pages printed by employees
The downsides of a shorter working week If you reduce your entire workforce to a four-day workweek, you are losing an entire business day For some businesses, for example, those working in sales, this could equate to lost business This structure will also not work for companies that need to be able to respond quickly to business opportunities that your competitors could be taking advantage of Using the example of sales professionals again, this is one less day a week individuals have to generate new leads and to connect with customers