App-based lender Atom financial institution says its four-day working week trial has been a powerful success.
The financial institution, which relies within the northeast of England, mentioned the trial had been “overwhelmingly positive” for workers, bettering productiveness and job satisfaction.
Recruiting and retaining workers was simpler, and there was no detrimental influence on customer support rankings, the corporate mentioned.
The trial started in November final 12 months and on the time, Sky News reported that workers can be given the possibility to maneuver from 37.5 hours unfold over 5 days to 34 hours unfold throughout 4 days for a similar wage.
Anne-Marie Lister, chief individuals officer at Atom, mentioned: “We firmly consider the four-day week is the way forward for working life and it’s encouraging to now see the vary of companies throughout the UK embracing the four-day week trials.
“We are a progressive bank and a progressive employer, and our experience in planning for and moving to a four-day week has shown that it is possible for businesses to do this and bring huge benefits to their people.
“We consider most organisations can transfer to a four-day week and we hope Atom’s experiences will encourage extra companies to make the shift completely.”
The firm’s analysis confirmed that there was a 49% improve in purposes for roles at Atom in January 2022 in comparison with January 2021, and that the headcount grew from 461 in November 2021 to 480 in June 2022, thanks additionally to a discount within the variety of individuals leaving.
‘The 9-5, five-day working week is outdated’
It mentioned that 91% of workers have been capable of do all of the work required in 4 days and that 92% modified the best way they labored so they may get issues carried out and benefit from the three-day weekend.
Some staff spent the additional day off volunteering, some exercised, and a few merely loved having extra time with their youngsters.
There have been fewer days misplaced to illness and workers have been additionally extra motivated, the corporate mentioned.
Joe Ryle, director of the 4 Day Week Campaign, mentioned: “Companies should embrace the four-day week as a way of boosting productivity, improving wellbeing and to help with job retention.
“The 9-5, five-day working week is outdated and now not match for goal.”
Source: information.sky.com”