4 min read.Updated: 07 Dec 2022, 08:27 AM ISTArianne Cohen( with inputs from Bloomberg )
The first large-scale study of a four-day workweek has come to a startling close.
The first large-scale study of a four-day workweek has come to a startling close: Not one of the 33 participating companies is returning to a standard five-day schedule. Data released this week shows the organizations involved registered gains in revenue and employee productivity, as well as drops in absenteeism and turnover. Workers on a four-day schedule also were more inclined to work from the office than home. “This is important because the two-day weekend is not working for people," said lead researcher Juliet Schor, an economist and sociologist at Boston College who partnered with counterparts at University College Dublin and Cambridge University. “In many countries, we have a workweek that was enshrined in 1938, and it doesn’t mesh with contemporary life. For the well being of people who have jobs, it’s critical that we address the structure of the work week."