Bizay claims that the trial introduction of a four-day working week in its team has not had a negative impact on productivity and quality of work, tech.eu reports
After the trial, most of the company’s employees said it would take a significant pay increase to return to the five-day workweek.
Around 75% of employees apparently said they would like to be incentivised with a 30% pay rise to restore normal working patterns. Surprisingly, the data shows a 16% increase in absenteeism despite generous shift scheduling, although stress levels have dropped 4% due to the reduced work week.
“The first set of results aligns with our initial positive expectations when we invested in this pioneering model.”
said Jose Salgado, Bizay co-founder and chief growth officer.
Proponents could pick figures to support their argument; talent recruitment was substantially boosted with 300% more applications to Bizay’s job openings than had been the case. More staff also stayed with the company, with 36% fewer employees departing year/year.
Around 98% of the workforce elected to take advantage of the four-day system. Since the programme started in October 2022, around 87% say they’ve taken “full usage” of the extra day off.
According to the company’s founder, the study showed no negative impact on productivity levels or quality of work. He identifies the four-day workweek as attractive to both current Bizai employees and potential candidates. He says it’s a new approach to work-life balance and creating a workplace that is progressive and meets employees’ needs.