In a first, a hundred companies in the United Kingdom have decided to move to a permanent four-day working week for all employees with no loss of pay. Around 2,600 employees at 100 companies are set to benefit from the new working pattern, India Today reported.
The two biggest companies that have signed up are Atom Bank and global marketing company Awin, who each have about 450 staff in the UK.
Furthermore, proponents of the four-day week say that the five-day pattern is a hangover from an earlier economic age. They argue that a four-day week would drive companies to improve their productivity, meaning they can create the same output using fewer hours.
The UK Campaign is also coordinating the world’s biggest pilot scheme for about 70 companies, which employ about 3,300 workers, to adopt the four-day week in a trial with researchers at the Universities of Cambridge and Oxford, Boston College and think tank Autonomy.