How do you feel about working four days a week, for the same pay?
Well, this is the conversation currently taking place around the world and being spearheaded by the organisation aptly named 4 Day Week Global.
Thousands of workers in the United States, Canada, the United Kingdom, Australia and New Zealand are currently participating in a six-month programme to determine the benefits of shortening the workweek.
Participants and observers around the world are hoping that if the experiment works out, a four-day workweek could become a reality.
“A hundred years ago, we moved from working six-day weeks to five, and we’re overdue for an update. The four-day work week is a reduction in the work week from a standard 40 hours to 32 hours for the same pay and benefits. This reduction has been proven to work for employees and employers,” the 4 Day Week Global website states.
In the 4 Day Week Global programme, businesses go through workshops to figure out more efficient ways of working.
Most companies reduce the workweek to 32 hours over four days, rather than maintaining 40 hours within four days.
The organisation calls this a 100-80-100 model: workers receive 100 per cent of their pay for 80 per cent of the time and maintain 100 per cent productivity.
But this conversation is not only happening beyond T&T’s borders.
Chief executive officer of 4 Day Week Global Joe O’Connor told the Business Guardian magazine that he has been in contact with T&T companies hoping to be a part of the programme.
“We have had some companies from T&T download our white paper and express an interest in trialling a four-day work week. However as it currently stands we are not actively running a programme in T&T,” O’Connor said.
“We are hoping that over the course of the next year we will be in a position to run programmes where companies from pretty much anywhere in the world can sign up and participate and that we will have the infrastructure and support in place to be able to facilitate that regardless of their time zone,” he said.
O’Connor said in terms of T&T the timezone would not be an impediment.
“Because the timezone is aligned with US Eastern Time. It would be very straightforward for us to facilitate companies in T&T to join our North American pilots and we are planning to run a trial with a start date of October 1 later this year and certainly, we will be very open if there is interest in T&T to get involved with the project,” O’Connor said.
On March 5, 2018, Perpetual Guardian embarked on what it believes is a world-first among privately held companies anywhere in the world.
It started an eight-week trial that involved all 240 staff around New Zealand and sought to test productivity, motivation and output by changing the work model to give every staff member a paid day off each week.
All other employment conditions, including remuneration, remained unchanged. So staff worked 30 hours but were paid for 37.5, and were asked only to deliver the same amount of output as in a standard week.
“It’s not just having a day off a week, it’s about delivering productivity, meeting customer service standards, meeting personal and team business goals and objectives,” Perpetual Guardian’s founder Andrew Barnes, stated.
Since then more than 30 other companies around the world have joined in the trials.
O’Connor said the COVID-19 pandemic has helped people rethink what work is supposed to look like.
“It’s been very positive. We have certainly seen the pandemic like is often the case when you are talking about something that is very deeply embedded culturally and societally dominant like the traditional five day 9-5 workweek sometimes it takes a great disruptor to dislodge something like that and the pandemic has really had that impact,” O’Connor said.
“Workers and employers are now much more open-minded about looking at different ways of organising work and new models like the four-day work week so our experience has been that a few years ago we were trying to generate interest in the idea of a four-day work week but it was still something that was very much a niche concept whereas now we are no longer really in the position of having to generate interest we are just responding to this incredible surge of activity that we have seen particularly in the last six to eight months,” he said.
O’Connor said the benefits of the four-day work week from an employee perspective are well known.
“I think the benefits from an employee perspective are well established in both research and case studies. This is something that can enhance wellbeing, improve work-life balance, and can be really transformative in terms of enabling people to spend more time with family, on new projects and in the community. That is something that has shown to reduce levels of stress and burnout and overwork,” he said.
“What we are also seeing is that this can really be a win-win for employees and for companies, businesses are using this as a way to really generate a focus of productivity and efficiency within their companies.
They are partnering with their employees as part of the trials to really focus on the key drivers and really take the focus away from the number of hours worked to the actual outcome that their companies are delivering,” O’Connor said.
O’Connor said they have seen companies achieve great success with this approach.
“It is also something that in a really competitive labour market companies are turning to as a solution to recruitment and retention challenges. If they are successful in being able to offer a four day work week while still maintaining their level of service or their level of productivity then it gives them a real edge in terms of being able to retain their best people and be much more attractive in terms of recruiting new candidates to their organisation,” he said.
O’Connor said the main obstacle in implementing the trial are close-minded leaders.
“I think the biggest challenge for a lot of companies is that it requires a certain leadership mindset to be willing to do this because actually the process behind the four day work week is not a top-down one, the most detail-oriented CEO in the world does not know the details of everyone in their organisation’s job well enough to be able to instruct them on how to redesign it,” he said.
“It involves a real empowering bottom-up approach which actually hands the power to employees to redesign their own work week so for some leaders that can be something that is quite uncomfortable for them. It also requires a certain kind of organisational culture to be able to make this a success because it is a partnership between a company and its employees and in order for it to work there needs to be a degree of trust in place that this is something that is going to be done in the spirit of maintaining performance while also delivering these benefits for employees,” O’Connor said.
O’Connor said companies should not be fearful to try the programme.
“My view is that this is something that is going to become the norm rather than just an ambition very, very quickly. It is very clear that this is something that is really growing in momentum it is something that is going to be a real competitive edge for companies that are able to embrace it and get it right,” he said.
“For those companies that may be sceptical about this, my message would be that their greatest risk is not that they try this and it doesn’t work, their greatest risk is that their main competitor is going to do it first,” O’Connor said.
O’Connor says some 10,000 employees around the world will have been through a shortened workweek trial with 4 Day Week Global by the end of the year.
He estimated that roughly five per cent of companies drop out during the trial period, which tends to happen if there’s a change in leadership or other organisational disruptions such as downsizing that makes it difficult to continue.
