Will a 4-Day Workweek Work for Your Company?
NEW YORK (TheStreet) -- The idea of a four-day workweek has been bandied about for years, but few companies have taken the plunge, fearful of reduced worker productivity.
But a Brigham Young study on the topic shows staffers who work four-day weeks boasting of better home lives, more satisfaction with their jobs and less incentive to seek work at another firm. Additionally, 60% said they were more productive.
Yet only 7% of companies give employees the option of a four-day week, even as personal errands and trips away from the job during business hours have increased 31% since 2011.
Google Chief Executive Larry Page also made news on the topic, calling recently for a shorter workweek for global companies.Also see: 3 Things to Know About the Growth of a Freelance Nation study from Spectrem's Millionaire's Corner, 70% of corporate investors (who are also millionaires) say the four-day week is a "valid idea." Women investors are especially bullish, with 82% of those surveyed liking the idea compared with 62% of male investors. To both groups the best approach is to schedule four 10-hour days. A minority says four eight-hour days would work -- although that would lead to a 20% cut in compensation with less hours of work. Also see: Your Boss Wants You Using Smartphone, Doesn't Want to Pay for It
- A four-day workweek appeals more to the unmarried; 82% of unmarried investors think a four-day workweek is a valid idea, compared with 66% of married investors.
- 21% of investors under the age of 40 do not think checking work email at home should be allowed, compared with 8% of investors between the ages of 51 and 60.
Career professionals who want three days off every week will hope that message gets through to corporate America and that four-day workweeks become as commonplace as telecommuting, a workplace change considered out of the question 20 years ago.
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