100 UK Companies Switch to 4-Day Working Week with No Pay Cuts
First Published: 29th November, 2022 14:28 IST
UK’s two biggest firms -- Atom Bank and global marketing company Awin have signed up to adopt the four-day working week
A hundred companies in the United Kingdom have signed up for a permanent four-day working week for all employees without cutting any pay. The 100 companies employ around 2,600 staff in total, but the 4 Day Week Campaign is hoping that they will be able to bring a transformative change in the country, an NDTV report said.
The supporters of the four-day week have said that the five-day pattern is a hangover from an earlier economic age. The NDTV report quoting The Guardian said that the supporters have argued that a four-day week would drive firms to improve their productivity and get the same work done in fewer hours. Early adopters of this policy have also found it a great way of attracting and retaining employees.
Out of the 100 companies, the two biggest firms in the UK which have signed up to adopt the four-day working week are Atom Bank and global marketing company Awin, who each have around 450 employees in the UK. They have reportedly been accredited by the 4 Day Week Campaign, meaning they have proved that they have genuinely reduced working hours for staff rather than just condensing the same number of hours into fewer days.
Speaking to The Guardian, Awin’s chief executive Adam Ross said that switching to the new working pattern was “one of the most transformative initiatives we’ve seen in the history of the campaign”.
“Over the course of the last year and a half, we have not only seen a tremendous increase in employee wellness and wellbeing but concurrently, our customer service and relations, as well as talent relations and retention also have benefited,” Mr Ross added.
Meanwhile, as per the outlet, the 4 Day Week Campaign is also running the world’s biggest pilot for the working pattern for around 70 companies employing 3,300 workers. It is a trial with researchers at the University of Cambridge and Oxford as well as Boston University and thinktank Autonomy.
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