Is the Four-Day Work Week Becoming Mainstream?

🎵Everybody’s workin’ for the (long) weekend! 🎵

The idea: a four-day work week with the same pay as a five-day work week.

The goal: get it all done in less time with the same results so bosses, customers, and workers are happy. 

Why haven't we tried this before?!?!? Well, the four-day work week concept has been around awhile but picked up steam in 2018 when companies who had tried it reported positive effects.

So, if this trend continues, Friday brunch could be on the horizon (mimosa anyone?)!

Is a four-day work week good for Paychecks, or are we just being lazy?

 

Here are Five Fast Facts:

  1. 📅📅 Here today, gone tomorrow? - Studies show that a four-day workweek boosts employee satisfaction AND productivity. That means employees are getting more work done and are happier when working only four days instead of five. Also, 63% of businesses find it easier to attract and retain workers with a four-day work week. 
  2. 🙌🏼🙌🏼 Paychecks Want a Four-Day Work Week but It’s Hard to Find - A staggering 92% of Americans are in favor of a four-day work week, and many are demanding companies give it a try. But not many jobs are offering this perk (for every one million jobs posted on indeed.com only 1,700 jobs offer a four-day work week).
  3. 🤷🏼‍♀️🤷🏼‍♀️ Big Hurdles Remain - Not everyone loves the pressure of getting more done faster. Less time at work means more needs to be accomplished in less time, and that’s a recipe for stress! Also, customers are reporting less satisfaction when companies switch to four-day work weeks. So, quality control is an issue, too.
  4. 💰💰 Another Problem for Paychecks: More free time = more spending time - Unless you spend all of your free time at home, that extra day off work will most likely cost ya because that’s another day to go out on the town! Also, companies who cut back to a four-day work week are less willing or able to offer overtime. So, if you want to work more, then you might find that opportunity around much longer.
  5. 👌🏼👌🏼T.G.I…T.? - If more jobs offer a four-day work week, then it could mean employees are happier because they won’t be wasting time in meetings or burning extra gas on their commute. Companies also benefit from the shift because there’s less money being spent on office supplies, printing, and lunch (just kidding, no one offers free lunch.) 

🔥Bottom line: Most workers value a healthy work-life balance. Getting a job done in 80% of the time it used to take means Paychecks get their time back. That extra day can be used to spend time with those we love. But some employees are skeptical of the anxiety that comes with the time crunch, and many companies are waiting to see how it plays out before giving a four-day work week the green light. So, for now, don’t expect any big changes.

Does an extra day mean more time to play or do you think it's bad for your Paycheck?

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