(Bloomberg Businessweek) Is the Four-Day Week Is Coming Soon?

When the world went into lockdown last year, the 1,000 employees at Berlin-based tech company Awin did what millions of others did: They flipped open their laptops and started working from the kitchen or dining room. At the same time, Awin started running flat-out as its business with online retailers soared, putting intense pressure on the staff.

So last spring the company told everyone to sign off around lunchtime every Friday to ease into the weekend. The experiment was so successful—sales, employee engagement, and client satisfaction all rose—that in January, Awin decided to go a step further, rolling out a four-day week for the entire company with no cuts in salaries or benefits. “We firmly believe that happy, engaged, and well-balanced employees produce much better work,” says Chief Executive Officer Adam Ross. They “find ways to work smarter, and they’re just as productive.”

Awin is in the vanguard of a trend that’s getting increased attention worldwide. Jobs website ZipRecruiter says the share of postings that mention a four-day week has tripled in the past three years, to 62 per 10,000. Consumer-goods giant Unilever Plc in December started a yearlong trial of the idea for its New Zealand staff. Spain’s government is considering a proposal to subsidize companies that offer a four-day week. And even in notoriously busy Japan, whose language includes the word karoshi—death from overwork—lawmakers are discussing a proposal to grant employees a day off every week to protect their well-being. “The four-day week is picking up momentum,” says Will Stronge, director of research at Autonomy, a U.K. think tank. “For the large majority of firms, reducing working hours is an entirely realistic goal.”

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Posted in Anthropology, Corporations/Corporate Life, Economy, Ethics / Moral Theology, History, Labor/Labor Unions/Labor Market