100 UK companies switch to four-day work week with no pay cut

One hundred companies in the UK have signed up to a fixed four-day working week for all employees without a pay cut. The 100 companies employ about 2,600 workers in total, but the 4 Day Week Campaign hopes they can bring about transformative change in the country.

Proponents of the four-day week have said the five-day pattern is a hangover from an earlier economic era. From The protector, they argued that a four-day work week would encourage companies to improve productivity and get the same work done in fewer hours. Early adopters of this policy have also found it to be a great way to attract and retain employees.

Of the 100 companies, Atom Bank and global marketing company Awin are the two largest UK companies to have signed up to introduce the four-day work week, each of which has around 450 UK employees. They are reportedly accredited by the 4 day week campaign which means they have proven they have really reduced working hours for staff rather than cramming the same number of hours into fewer days.

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Speak against The protectorsaid Adam Ross, CEO of Awin, that the move to the new work pattern was “one of the most transformative initiatives we’ve seen in campaign history.”

“Over the course of the past year and a half, we have not only seen a huge increase in employee well-being and well-being, but at the same time our customer service and relationships, as well as talent relations and retention, have benefited as well,” added Mr. Ross please.

Meanwhile, according to the outlet, the 4 Day Week Campaign is also running the world’s largest pilot for the work pattern for about 70 companies with 3,300 employees. It is a test with researchers from the University of Cambridge and Oxford, Boston University and think tank Autonomy.

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When asked in September – in the middle of the trial – how it was going, 88 percent of those companies said the four-day work week worked “well” for their company and about 95 percent said productivity had remained the same or had improved since its introduction.

Most of the companies that have officially adopted the new work pattern are in the service sector, such as technology, events or marketing companies. But the campaign also added that some industrial and construction employers have also signed up.