Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

British companies urged to trial four-day weeks in August

by March 11, 2024
March 11, 2024
British companies urged to trial four-day weeks in August

British companies are being encouraged to embrace a more relaxed approach to summer by participating in a trial of a four-day workweek throughout the month of August.

Dubbed “4ugust,” the initiative has been launched by the 4 Day Week Campaign in collaboration with Autonomy, a prominent think tank. The aim is to urge companies to adopt a four-day workweek for the entire month, while maintaining employees’ salaries at their current levels. With the addition of a bank holiday in the final week, this would effectively grant workers four extra days off.

The 4 Day Week Campaign advocates for a 32-hour working week. In 2022, it initiated a six-month pilot involving 61 companies with over 3,000 employees. Participants in the trial reported reduced stress levels and burnout, along with fewer sick days taken. Employers witnessed enhancements in staff retention without experiencing any decline in productivity.

Following the pilot, at least 54 out of the 61 companies have continued to implement the four-day workweek a year and a half later.

In the wake of the pandemic, flexible working arrangements have gained traction as a critical consideration for businesses seeking to attract and retain talent. Several companies, such as PwC, Kellogg’s, and Asos, have already introduced reduced summer working hours. Atom, the digital bank, transitioned to a four-day workweek for its staff in November 2021, reducing employees’ weekly hours from 37.5 to 34.

The Manufacturing Technology Centre, an organization dedicated to developing and implementing technology from universities, provides its 800 employees with the option of a four-day workweek. Employees can mutually agree with their team and line manager on their designated 36-hour work schedule.

In late 2023, the Department for Environment, Food and Rural Affairs advocated for a pilot scheme involving more than 21,000 employees, ensuring no loss of pay following the successful trial in the private sector.

Will Stronge, Director of Research at Autonomy, views 4ugust as an opportunity for companies to experiment with a four-day workweek on a temporary basis. He stated, “We are witnessing a surge of organizations transitioning to shorter working hours, with many others expressing interest but uncertain about how or when to begin experimenting. This August presents the perfect opportunity for a low-risk mini-pilot.”

Read more:
British companies urged to trial four-day weeks in August

0
FacebookTwitterGoogle +Pinterest
previous post
Experts slam leaked UNRWA report claiming Israel coerced workers into making false statements: ‘Ridiculous’
next post
Dwindling pace of wage growth puts pressure on Bank to cut interest rates

You may also like

UK and Albania outline £4bn ambition for closer...

March 27, 2023

Two-thirds more SMEs experiencing difficulty in accessing finance...

August 14, 2023

No-Shows, Ozempic, and the £50 Fee: Restaurants Have...

March 1, 2025

Manchester chicken shop boss loses £12,000 in Tesla...

February 8, 2024

Leave a Lasting Impression on all Your Clients...

December 15, 2023

HMRC Gives Businesses Extra Week to Prepare for...

July 20, 2023

Treasury Acknowledges Impending Rise in Inflation

February 12, 2024

UK interest rates remain at 16-year high of...

May 9, 2024

London student named Fintech scholarship winner

June 26, 2024

How UK SMEs Can Cut Costs and Stay...

March 7, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Why Every Team Should Invest in a Wireless Intercom Headset

      July 13, 2025
    • More small firms expect to shrink than grow, warns FSB

      July 13, 2025
    • UK government launches £2.5bn DRIVE35 strategy to supercharge zero-emission auto manufacturing securing thousands of British jobs

      July 13, 2025
    • Mega solar farms built on England’s best farmland, CPRE warns

      July 13, 2025
    • Kash Patel torches ‘conspiracy theories’ about Bondi feud amid MAGA furor over Epstein files

      July 13, 2025
    • Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey Epstein

      July 12, 2025

    Categories

    • Business (8,460)
    • Investing (2,118)
    • Politics (16,018)
    • Stocks (3,205)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved