Perpetual Guardian is a 250-person New Zealand investment company specialized in trusts, wills and estate planning; this March and April, the company experimented with a four-day work-week, and based on independent academic assessment of the program, they've decided to make it permanent.
The trial was prompted by the company founder's observation that workers were struggling to balance work and family commitments; this was borne out by academic assessment prior to the experiment, which found that only 54% of the staff felt they were managing to balance work and family. After the experiment, the figure was 78% (job satisfaction also rose).
The company reported no drop in productivity and has moved to make the program permanent, but not mandatory. Employees who opt for a five-day work-week will be able to work flexible, traffic-beating hours that will also accommodate childcare logistics.
Data was collected by two New Zealand academics before and after the trial period. In November last year just over half of staff (54%) felt they could balance their work and home commitments, while after the trial this number jumped to 78%.
Staff stress levels decreased by seven percentage points across the board as a result of the trial, while stimulation, commitment and a sense of empowerment at work all improved significantly, with overall life satisfaction increasing by five percentage points.
'No downside': New Zealand firm adopts four-day week after successful trial
[Eleanor Ainge Roy/The Guardian]
(Thanks, Fipi Lele!)
(Image: A Wiseman, CC-BY-SA)
Reporting at the WSJ today says Alphabet/Google hasn’t met the demands of state investigators to surrender emails, texts, and other documents in an ongoing anticompetitive digital-ad practices investigation.
• U.S. intelligence briefed House on Russia to ensure Trump’s re-election. • Classified briefing to lawmakers made Trump angry • Trump said Democrats would “weaponize” news of Russian military campaign • Trump was mad DNI Joseph Maguire would let staff appear • That’s why Maguire’s out, Richard Grenell’s in as ‘acting’ DNI. In Washington last […]
“We are desperate — desperate — for more people,” Donald Trump cabinet member Mick Mulvaney said in a recording obtained by The Washington Post. “We are running out of people to fuel the economic growth that we’ve had in our nation over the last four years. We need more immigrants.”
Whether you love cooking at home or you swore this was going to be the year you curbed your DoorDash addiction, you know you can’t get the job done well without the proper tools on hand. For all your recipe and meal prep needs, this 3-piece Sukasu Osami Chef’s Knife set will do you right […]
It may not rank up there with climate change or personal debt, but confess…isn’t it the worst when you’re trying to put a food container in the fridge, but can’t find the right lid to fit? Hey, not everything has to be a global crisis to be irritating to the core. But still…it’s even more […]
Assembling a truly autonomous smart home is getting closer and closer to reality every day. But for every new smart bulb, thermostat, home security system and appliance we set loose within our walls, there are still probably a half dozen “dumb” items we’d still love to replace. But whether they’re too costly or too big […]