With a tighter labor market, employers are considering different strategies to land and keep top performers. As a result, some organizations have been debating making the transition from the standard five-day workweek and reducing it to four days. Learn more about the benefits of a four-day workweek:
Lowers Operating Expenses
If your company opted to reduce the number of days required for employees to report to work, it could lower the operating expenses for your physical workplace. Not having employees in the office would help use less energy and reduce electricity and other utility costs. Additionally, it would reduce the amount of office supplies and other amenities provided (such as coffee or snacks), and put less wear and tear on pricy equipment and make it last longer. Your employees would also get the benefit of lowering their own work-related expenses, such as fuel or public transportation costs.
Improves Talent Acquisition and Retention
Work-life balance and flexibility are becoming more in-demand than ever from workers. In fact, the ability to have more personal time is often considered more valuable than a higher paycheck to many top performers. By opting to go to a four-day workweek, your organization may be in a better position to improve your talent acquisition and retention rates since you will attract employees who are more likely to want to stay put because the working model fits their needs.
Boosts Morale and Wellbeing
When employees feel overworked, they are much more prone to burnout, which can cause changes in their mood and attitude, such as being more irritable, cynical, withdrawn, or anxious. A major potential benefit of the four-day workweek is the boost in employee morale and wellbeing – when they have more time to recharge, they are less likely to succumb to burnout.
Increases Engagement and Productivity
The key to maximizing the productivity of your employees is getting them as engaged as possible. Engaged employees feel a deep emotional connection to their work, making them internally driven to truly want to go above and beyond to perform at their very best. Having a four-day workweek can demonstrate to your team that you value their contributions and care about their overall job satisfaction – in turn, this may increase their engagement, along with their productivity.
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