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Home / Business / Companies / Banking and finance

Working week: Four days is flawed way for most

Financial Times
9 Oct, 2023 02:37 AM3 mins to read

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A four-day week might work for some workers but not all. Photo / Unsplash

A four-day week might work for some workers but not all. Photo / Unsplash

OPINION

Working one day less a week without a pay cut sounds tempting. The potential benefits of a four-day week for businesses can include better staff satisfaction, reduced sickness and easier recruitment, argue advocates.

The pandemic injected momentum into campaigns for four-day working weeks.

But a failed trial by the UK web hosting company Krystal has highlighted the difficulties for customer-facing businesses. It is difficult for them to maintain weekly opening times without recruiting extra staff. For many, flexible working policies are an easier recruitment and retention tool.

Krystal Hosting has reintroduced a five-day week for the 18 people who staff its customer help desk. These technical support staff had from June 1 worked one day less a week for the same pay. For those on a Monday-Friday shift pattern, this meant half of the team taking a Friday off and the remainder a Monday.

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Krystal ended the experiment prematurely after finding response times suffered. On Monday, its busiest day, the team was only 50 per cent staffed.

To smooth the move back to five days, technical support staff can finish an hour earlier in the evening with a 30-minute lunch break, reducing their working week to 37.5 hours from 40.

Others have reported better results.

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More than 60 UK organisations took part in a four-day week trial last year. Of those, 18 adopted the policy permanently. A further 38 extended the experiment, reporting that revenues had remained broadly the same over the initial test period.

Most participants were from the marketing, advertising and professional services industries where working hours are easily reshuffled. Manufacturing firms would find it difficult to deliver the 25 per cent improvement required on other days to maintain productivity.

Unilever, which offered separate four-day week trials in Australia and New Zealand, did not include factory staff.

Interpretations can also differ. In the UK case, working hours declined on average from 38 to 34 — technically a half day not a full day. In Belgium, where employees have the right to ask for a four-day week, this means compressing their hours rather than cutting them.

A real four-day week is likely to remain an exceptional perk rather than the norm for most workers.

Lex is the flagship investment column of the Financial Times. An award-winning team in five time zones helps readers make better decisions by highlighting key risks and opportunities. Lex has been published daily in the newspaper since 1945 and is available to premium subscribers online. We believe it is the most influential column of its kind.

© Financial Times

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