How Millennials could benefit from a 4 day workweek?
Millennials are always trying to better themselves by adopting and preaching for various wellness trends. One of those trends is the concept of a 4-day workweek, allowing us to have a 3-day weekend, making the time we devote to work and life more equivalent.
This idea is very popular among employees, allowing them to have an extra day off work where they can devote time to their personal needs and obligations. But this idea is also starting to gain traction with employers. Many companies are starting to view the four-day work-week as a way to boost productivity during working hours. In 2018, a New Zealand company named Perpetual Guardian started a 4-day workweek experiment among their 240 employees. This experiment forced teams to be more efficient in many ways. With having one less day allocated to work tasks, it forced teams and individuals to do more of the time they have. Results showed a rise of 6% in revenue and 12.5% in profitability. Other results of this study show positive impacts on employee performance, creativity and retention.
While it has its fans, the idea of a four day work week also has its critics. Many are skeptical of it, because they believe it will either cost them more or that it is too hard to put in motion (supervision, flexibility, etc).
So while it has its followers and critics, the four-day workweek is a concept that is becoming more and more popular, and that is starting to wave itself in society (either by conversation, experiments or implementations).