Senior Executive Partner at Gartner | Strategic Advisor & Network Builder | Innovation & Transformation Leader | Security & Resilience Expert |
The #COVID19 #pandemic taught us that new and different work patterns can be a viable option for many organizations. This has spurred a resurgence in interest in the 4-day work week which involves reducing the total time spent working without decreasing pay. While there are concerns about the negative impact that this could have, particularly on productivity, as my Gartner research colleagues who looked into the 4 day work week point out in the article below, "Worker stress decreased, and most employees found it easier to balance work and caregiving commitments. There are benefits for businesses, too: Talent retention improved with a 57% reduction in attrition, and revenue improved by 1.4% on average." In a labor market where specialist talent is still in high demand, "the 4-day work week is a compelling employee benefit that may differentiate organizations in the talent marketplace. In fact, 63% of candidates rated a 4-day work week with the same pay as the top innovative benefit that would attract them to a job. It’s an option that offers flexibility for the frontline workforce who cannot work in a hybrid setup, and it provides a potential solution to burnout for location-agnostic workers." Would your organization be interested in experimenting with a #4dayworkweek? #HR #FoW #futureofwork
