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The 4-Day Work Week Problem

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Another highlights:

  • 71% of workers reported much less burnout
  • 62% of workers reported improved household and social life 
  • 55% of workers reported a rise in “capacity at work”
  • Workers 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 decreased by as a lot as 57% 
  • Corporations’ income remained “broadly the identical” — and even rose 35% on common when in comparison with comparable timespans 
  • Whereas most workers reported higher outcomes, those that recognized as ladies 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 could be a present to workers and assist many stay their Wealthy Life.

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

A 2022 New Zealand pilot study discovered that firms that carried out a compressed workweek resulted in workers merely compressing the entire work they might have completed in 5 days into 4. 

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

A number 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 improper “kind” of 4DWW mannequin (extra on this later) resulted in poor outcomes
  • Tasks generally fell to the managers to offer workers extra day without work
  • Some companies — like customer-facing ones — merely simply couldn’t work with a compressed workweek attributable to staffing and different points

These could be some large hurdles to leap over — however that’s half the enjoyable of this summer season take a look at for IWT. We love a very good problem. That’s why we’ve devoted our careers to serving to others stay their Wealthy Life.

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

 

The IWT 4DWW Problem guidelines

There are numerous completely different ways in which firms can make use of a compressed workweek. For one, a enterprise can select to take the identical break day for each worker (usually Monday or Friday). Some even do all 5 days per week — however every day is simply 6 hours lengthy.

Full-time IWT workers will select to take both Mondays or Fridays off for the whole thing of the take a look at. Apart from that, issues will function as regular. 

Workers will work between 32 and 35 hours per week and obtain their present full price of pay. PTO and advantages won’t 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 examine 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 Could 22 (Memorial Day) and September 1 (Labor Day). If there’s a vacation in a given week, that vacation will exchange everybody’s deliberate non-work day.  

(Since July 4th falls on a Tuesday this yr, Bob the IWT Copywriter will merely take that break day as a substitute of Friday.) 

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

 

Why do that in any respect?

Primarily based on the info, we imagine that working fewer hours every week won’t solely profit the private lives of IWT workers but in addition have the potential to extend the standard and amount of our work. 

It’s easy: Much less careworn workers make for completely happy workers, which suggests higher and extra artistic work.

We additionally wished 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 protecting workers completely happy — and protecting them at your organization interval. 4DWW has emerged as a preferred development on this regard. We wish to take the perfect science-backed concepts that we study and take a look at it for ourselves — even when it’s somewhat dangerous. 
  • We’re higher as a workforce. 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 workers change into extra artistic 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 might bench press a minivan. The sky’s the restrict at that time. 

For greater than 14 years, we’ve all taught folks find out how to stay their Wealthy Lives. Which means a life lived deliberately, proactively, and abundantly. 

A 4DWW won’t be part of your Wealthy Life. However primarily based on the science, it’s a strong instrument to assist us stay on our personal. 

Be part of us within the subsequent few months whereas we check it out to see what you study — 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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