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The 4-Day Work Week Problem


Another highlights:

  • 71% of staff reported much less burnout
  • 62% of staff reported improved household and social life 
  • 55% of staff reported a rise in “skill at work”
  • Staff reported extra improved psychological and bodily well being when in comparison with those that didn’t participate within the trial (43% reported a rise vs 16% who reported a decline)
  • Turnover was lowered by as a lot as 57% 
  • Corporations’ income remained “broadly the identical” — and even rose 35% on common when in comparison with related timespans 
  • Whereas most staff reported higher outcomes, those that recognized as girls skilled an even bigger increase to life and job satisfaction

On high of that, 15% of the workers concerned mentioned “no amount of cash” may get them to return to working 5 days per week. 

 

That’s nice — however what’s the catch?

When completed nicely, a 4DWW generally is a present to staff and assist many dwell their Wealthy Life.

When completed not so nicely, it can lead to even MORE stress than earlier than. 

A 2022 New Zealand pilot research discovered that firms that applied a compressed workweek resulted in staff merely compressing the entire work they might have completed in 5 days into 4. 

This meant they wanted that additional lengthy weekend simply to get well from the stress they gathered over the course of the week. 

A few of the firms that took half within the 2023 trial reported different challenges:

  • Conferences have been way more troublesome to schedule and coordinate
  • Selecting the mistaken “kind” of 4DWW mannequin (extra on this later) resulted in poor outcomes
  • Tasks typically fell to the managers to offer staff extra day without work
  • Some companies — like customer-facing ones — merely simply couldn’t work with a compressed workweek as a result of staffing and different points

These will be some huge hurdles to leap over — however that’s half the enjoyable of this summer time take a look at for IWT. We love an excellent problem. That’s why we’ve devoted our careers to serving to others dwell their Wealthy Life.

Now, we need to put our cash the place our mouth is. 

 

The IWT 4DWW Problem guidelines

There are a number of totally different ways in which firms can make use of a compressed workweek. For one, a enterprise can select to take the identical day without work for each worker (sometimes Monday or Friday). Some even do all 5 days per week — however every day is simply 6 hours lengthy.

Full-time IWT staff will select to take both Mondays or Fridays off for everything of the take a look at. Aside from that, issues will function as regular. 

Staff will work between 32 and 35 hours per week and obtain their present full price of pay. PTO and advantages is not going to change. 

For instance, Bob the IWT Copywriter who earns $70,000 a yr may select to take Fridays off. He’ll nonetheless work 8-9 hours a day and can obtain his regular verify at an everyday schedule for $70k/yr. He’ll additionally accrue his trip days at an everyday price, whereas paying into his 401(ok) and receiving his common insurance coverage advantages. 

The trial will happen between Might 22 (Memorial Day) and September 1 (Labor Day). If there’s a vacation in a given week, that vacation will substitute everybody’s deliberate non-work day.  

(Since July 4th falls on a Tuesday this yr, Bob the IWT Copywriter will merely take that day without work as a substitute of Friday.) 

On the finish of the trial, the IWT group will vote to see if we should always proceed testing this system. If we like it, then we’ll proceed on. If not, then we’ll simply return to the way in which issues have been. 

 

Why do that in any respect?

Based mostly on the info, we consider that working fewer hours every week is not going to solely profit the private lives of IWT staff but additionally have the potential to extend the standard and amount of our work. 

It’s easy: Much less pressured staff make for blissful staff, which suggests higher and extra inventive work.

We additionally needed to do that as a result of it aligns with our core values at IWT:

  • We’re fixed learners. In a post-pandemic world, it’s extra clear than ever {that a} work-life steadiness is vital in preserving staff blissful — and preserving them at your organization interval. 4DWW has emerged as a preferred pattern on this regard. We need to take one of the best science-backed concepts that we find out about and take a look at it for ourselves — even when it’s a bit dangerous. 
  • We’re higher as a group. Collaboration and communication are CRITICAL for a profitable 4DWW. Fortunately, our firm tradition is good for that. We follow excessive possession. We talk with intent. And we like to continually collaborate. A compressed workweek is simply an extension of the values that we follow each single day. 
  • We come to the desk with options. That is probably the most thrilling half: Virtually each single research we’ve learn in terms of 4DWW exhibits that staff change into extra inventive and collaborative in consequence. That may give us an ENORMOUS aggressive benefit. Consider it as giving steroids to an individual who’s already a genetic freak and may bench press a minivan. The sky’s the restrict at that time. 

For greater than 14 years, we’ve all taught folks dwell their Wealthy Lives. Meaning a life lived deliberately, proactively, and abundantly. 

A 4DWW may not be part of your Wealthy Life. However based mostly on the science, it’s a robust instrument to assist us dwell on our personal. 

Be a part of us within the subsequent few months whereas we check it out to see what you be taught — or, possibly simply to daydream what it’s wish to have an additional lengthy weekend.

Keep tuned for extra subsequent week,

Tony Ho Tran

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