Perpetual Guardian, a wealth management firm in Wellington, New Zealand conducted a study where employees show more productivity in a 4-day work week set up than the usual 5 working days.
In a report by bigthink.com, the 8-week long experiment showed how productivity increased by 24% and work-life balance is better with the 4-day set up.
Meeting time were also shortened from two hours to half an hour each.
Andrew Barnes, the company’s founder, showed interest to the 4-day work week idea after reading an article about how a 40 hour work week might be 5 hours too long and how distractions in the workplace are as productivity.
Jarrod Harr, an HR professor at the University of Auckland agreed to the benefits of the findings to the company, saying: “They worked out where they were wasting time and worked smarter, not harder.”
“Supervisors said staff were more creative, their attendance was better, they were on time, and they didn’t leave early or take long breaks. Their actual job performance didn’t change when doing it over four days instead of five,” he added.
(Photo source: forbesindia.com/ businessworld.ie)