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New Zealand firm adopts its 4-day working week

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The New Zealand firm that trialled a four-day working week has now confirmed it will adopt the measure on a permanent basis.

The will-writing company Perpetual Guardian carried out an eight week trial earlier this year, giving their 200 or so employees an extra day off every week, while all pay and employment conditions remained unchanged.

Academics who studied the trial reported lower stress levels, higher levels of job satisfaction and an improved sense of work-life balance. Critically, they also say workers were 20% more productive.https://www.weforum.org/agenda/2018/07/working-fewer-hours-makes-you-productive-new-zealand-trial
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Taryn.Edgar
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The result of the trial is remarkable that's why they are going to make a 4-day work per week permanent now. It shows that working for only 4-days a week can really lower level of stress, higher level of productivity and job satisfaction and improved sense of work balance of employees. Doing some experiments like this can really be of great help for the betterment of the company and its employees.
8 mths
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Do you think it is better for every company to adopt it too?
8 mths
mohamed.goudri
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These kind of companies are a threat to Indian companies as India companies want their employees to work 9 days a week.
8 mths
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These kind of companies are a threat to Indian companies as India companies want their employees to work 9 days a week.
And 28 hours in a day. face with tears of joy
8 mths
brady-scottarnav.purilalit@123
brady-scott, arnav.puri, lalit@123 and 7 other people started following this discussion
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Good idea for an article, but needs proper research! GDP per hour worked is not a good ranking measure. Ireland is a corporate tax paradise. A ridiculous part of Ireland's GDP comes from moving money, not from work done on Irish soil. A more reliable measure of productivity would be to take the median gross income of Irish tax residents, adjusting the amount for purchasing power against the US dollar, and dividing it by hours worked.
8 mths
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Good idea for an article, but needs proper research! GDP per hour worked is not a good ranking measure. Ireland is a corporate tax paradise. A ridiculous part of Ireland's GDP comes from moving money, not from work done on Irish soil. A more reliable measure of productivity would be to take the median gross income of Irish tax residents, adjusting the amount for purchasing power against the US dollar, and dividing it by hours worked.
Same with US.
8 mths
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The most forward thinking company in the world is Social Chain. They have only one rule 'don't die'. Employees can take as many holidays as they like or not come in at all. Steven Bartlett CEO has made their working environment that engaging and rewarding, that his employees have no reservations about working and not one employee has ever left the company!
8 mths
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Flexibility is the future in all offices. Especially with the millennial generation who is more keen on deciding their own time and their own pace. I don’t see why the ”8 to 17” job cant switch to ”12 to 19 ” or ”7 to 15”. Its all about having power of your own time.
8 mths
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Flexibility is the future in all offices. Especially with the millennial generation who is more keen on deciding their own time and their own pace. I don’t see why the ”8 to 17” job cant switch to ”12 to 19 ” or ”7 to 15”. Its all about having power of your own time.
Majority of the office work needs coordination and that certainly can't be achieved when everyone is coming in their own times.
7 mths
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Majority of the office work needs coordination and that certainly can't be achieved when everyone is coming in their own times.
Even though I do agree to some extent, it is not necessary to be coordinated every day. The common times that would get everyone together would be meetings, conferences and group works. This should however be discussed before setting the rules for the flexible hours. Also; working overtime Monday- Thursday should give one the opportunity to take the Friday off and take a long weekend. To make sure these things don't get abused there should be a set of ground rules of course.
7 mths
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Even though I do agree to some extent, it is not necessary to be coordinated every day. The common times that would get everyone together would be meetings, conferences and group works. This should however be discussed before setting the rules for the flexible hours. Also; working overtime Monday- Thursday should give one the opportunity to take the Friday off and take a long weekend. To make sure these things don't get abused there should be a set of ground rules of course.
In theory it does sound great, however, only one who has not done a working rota for more than 5 people can say that. You can't make everyone happy and the business as well. This may work for departments which are not time critical and customer needed.
7 mths
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