200 companies in Britain have switched to a four-day workweek
In Britain, 200 companies have switched to a permanent four-day workweek without cutting their employees' wages. In total, these companies employ more than 5,000 people, The Register reported, citing data from the British Four-Day Week Foundation.
The system was found to be most readily adopted by marketing and advertising companies, as well as media (30 companies). Also supporting the initiative were organizations in the fields of charity and social welfare (29 companies), information technology (24 companies), and business, consulting and management (22 companies). The majority of these companies are based in London.
Supporters of the four-day workweek argue that the five-day model is a relic of an old economic system. Joe Ryle, director of the Four-Day Week Foundation, says the five-day, 9 a.m. to 5 p.m. workweek was invented 100 years ago and is time for an update.
Younger workers are likely to challenge traditional working models, according to research by Spark Market Research. 78% of Britons aged 18 to 34 believe a four-day working week will become the norm within the next five years. Spark managing director Lynsey Carolan said that this younger generation is shaping the future of the job market and they are reluctant to return to old working systems.
The country's experience with switching to a four-day workweek could have an impact on other countries. The system is currently being seen as a way to increase productivity and improve the quality of life for employees.
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