The thought of working fewer hours and having more days off each week sounds great, doesn’t it? Many businesses have implemented shorter workweeks already, such as Basecamp, Bolt, and Panasonic, and have experienced significant benefits. Researchers found that businesses that adopted a four-day workweek found that 78% of their employees were happier, 70% were less stressed, and 62% took fewer days off.
Background Of The Traditional Workweek
Before we dive into what it means to implement a four-day workweek, let’s recall how the 40-hour workweek came to life. Almost 100 years ago, the U.S. revolutionized the way we worked by introducing a 40-hour "typical" workweek. The Industrial Revolution was a chaotic time forcing labor laws and practices to be tested.
Henry Ford, an American industrialist who founded the Ford Motor Company, was the first to examine productivity and found that the more individuals worked, the less productive they were. This was the start of the standard 40-hour workweek. From there, the Fair Labor Standards Act was implemented in 1938, providing overtime pay for those who worked more than 40 hours within a week. This forced employers to create schedules so employees weren’t working overtime.
Deep Dive Into A Four-Day Workweek
Since COVID-19 and the Great Resignation, the typical 40-hour workweek has been a hot topic. It’s forced a new level of flexibility as remote work has become increasingly popular, encouraging employees to find more flexible careers. With work-life balance perks becoming more favored, businesses have begun testing and implementing the four-day workweek.
A shorter work week usually means employees are in the office four days per week instead of five. While businesses have already implemented the four-day workweek, others have their employees complete four, 10-hour days. The truly shortened workweek reduces hours worked, usually 32 hours per week. You might be thinking that having your employees work fewer hours might not seem like the best idea. However, we’re here to tell you that it benefits you, your employees, and your business.
The following are the benefits of implementing a shorter workweek:
- Reduces company costs
- Reduces employee costs
- Greater work-life balance
- Happier employees
- Improved employee well-being
- Increased productivity
- Attracts more job applicants
A Guide To Implementing The Four-Day Workweek
All of these benefits sound perfect, don’t they? You may wonder where to begin or test it to see if it's a good fit for your business. We will start with the bad news. Moving to a four-day workweek will require serious task reprioritization and workload reorganization. Now the good news. Implementing a shorter workweek can be done through the following steps:
- Set clear guidelines
- Use automation and artificial intelligence
- Free up your and your employees' to-do lists
- Reduce the time spent on meetings
- Inform your clients about the switch
- Keep track of your key performance indicators (KPIs)
With businesses already implementing this shortened schedule for their workers, the results are overwhelmingly positive. Companies have reported a 40% increase in productivity.
New Year, New Schedule!
As the new year approaches, it’s a great time to analyze your business efforts and find ways to improve next year. While this may seem stressful and challenging to jump into, GMS is here to help you. Whether you want to revamp your benefits offerings to provide more paid time off (PTO) or begin implementing a shorter workweek, our experts are here every step of the way. Our goal is to help you and your employees succeed by simplifying your business. Contact us now.