4-day working week: The benefits

The concept of a 4-day working week has been gaining traction globally as businesses and governments explore ways to improve work-life balance, boost productivity, and enhance employee wellbeing. With four-day working weeks reportedly having a positive effect on staff wellbeing and staff turnover, we asked our network whether their company had considered adopting a 4-day working week - 68% said that it would not be feasible for them, whilst we were surprised to see that 17% had considered it and 15% are trialling it.  

Have you considered how a 4-day working week could work for you or your business? Let’s delve into the benefits of a 4-day working week for employees and employers. 

Benefits for employees 

1. Improved work-life balance - A 4-day working week allows employees to have an extra day off, providing more time to spend with family, pursue hobbies, or simply rest. This improved work-life balance can lead to higher levels of satisfaction and overall wellbeing. 

2. Enhanced productivity - Contrary to the traditional belief that longer hours equate to higher productivity, many studies suggest that shorter workweeks can boost productivity. Employees are often more focused and efficient when they know they have a shorter time frame to complete their tasks. 

3. Reduced burnout and stress - Working fewer days can significantly reduce employee burnout and stress levels. With an additional day to recharge, employees are likely to return to work more refreshed and motivated. 

4. Better mental and physical health - The additional day off can be used for activities that promote mental and physical health, such as exercise, relaxation, and spending time in nature. This can lead to fewer sick days and overall healthier employees. 

5. Increased job satisfaction and engagement - Knowing that their employer values their wellbeing can lead to increased job satisfaction and engagement. Employees are likely to feel more loyal and committed to a company that offers a 4-day workweek. 

Benefits for employers 

1. Increased productivity - With a more focused and motivated workforce, employers may see an increase in productivity. Employees often work more efficiently and with greater purpose when their time is limited. 

2. Higher employee retention - Offering a 4-day workweek can be a significant competitive advantage in attracting and retaining top talent. Employees are more likely to stay with a company that offers flexibility and demonstrates a commitment to their wellbeing. 

3. Reduced absenteeism - Healthier and more satisfied employees are less likely to take unscheduled days off. This can lead to reduced absenteeism and a more consistent workforce. 

4. Cost savings - Employers may save on operational costs such as utilities and office supplies by closing the office for an extra day each week. Additionally, reducing the number of workdays can lower maintenance costs for office equipment and facilities. 

5. Enhanced company reputation - Companies that adopt a 4-day working week can enhance their reputation as progressive and employee-centric organisations, helping them to attract clients, customers, and potential employees who value corporate responsibility and innovation. 

6. Better work quality - With more time to rest and recharge, employees can produce higher-quality work. The reduced stress and increased focus can lead to more creative and effective solutions, benefiting the company’s overall performance. 

The 4-day working week is more than just a trend; it represents a profound shift in the way we approach work and productivity. By prioritising the wellbeing of employees, companies can reap substantial benefits, including increased productivity, higher retention rates, and a positive reputation. As the global workforce evolves, the 4-day working week has the potential to become standard practice, and foster a healthier, more balanced, and ultimately more successful work environment.