![]() By the time we had kind of gotten into that fourth month, it really started to go together. And how are you now? LOSEY: We`re doing amazing now. The workers were fighting for it to keep the four- day workweek. ROMANS: But now fast forward, you`ve had the mindset shift. After that first weekend of us doing four days and then, you know, having either the Friday, the Monday off, I thought, what have I done? I`m going to ruin this business without even trying. ![]() LOSEY: The first six weeks navigating those was really, really hard. And retaining our employees, making easier to hire employees and making sure our employees were happy at home is really why we decided to pursue it. We moved to fully remote and we just saw people that were burnt out and tired. But we`re also looking at the way that work was changing given the pandemic. ROMANS: Why did you guys decide to try this? LELAND: There was enough evidence out there that suggested that companies particularly like Kickstarter can successfully transition to a four-day work week while maintaining or improving productivity. #SILENT CLOCK MECHANISM HOW TO#You`ve got to figure out how to do it so that you can maintain your productivity and your output and so forth. So the vast majority are going to a four-day 32-hour week. And there must be a meaningful reduction in work time. So all employees are still getting their five days pay. SCHOR: The requirements are no reduction in pay. So let`s talk about the basic parameters then of the four- day week global pilot program. But the other thing is is remote work because one of the things that we hear from management is that remote work taught management, it could trust its employees. SCHOR: The pandemic turbocharged the four-day week because employers started, you know, having to figure out some solutions to the stress and burnout. ROMANS: I guess the tide has gone out and we`ve seen just how strapped we all were with our work lives and home lives and lack of balance there. JULIET SCHOR, ECONOMIST AND SOCIOLOGY PROFESSOR, BOSTON COLLEGE: In the 1970s, it was fairly popular and people were talking about the crisis of leisure, and then it faded from you for a long time. The reality is that the desire for a shorter workweek goes back a long time, a really long time. A Silicon Valley dream, right? Not quite. ROMANS: It sounds like an idea fresh out of the pandemic. (LAUGHTER) SAMANTHA LOSEY, MANAGING DIRECTOR, UNITY: Chaotic. And so far, the experience has been - JON LELAND, CHIEF STRATEGY OFFICER, KICKSTARTER: Positive. UNIDENTIFIED MALE: Four-day workweek, sounds amazing, right? UNIDENTIFIED FEMAEL: Shorter workweek, same pay? ROMANS: More than 180 companies and thousands of employees around the globe have joined a six-month pilot program to see how a four-day workweek could function for their businesses. ![]() (BEGIN VIDEOTAPE0 CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT (voice-over): Five days pay, four days work, a four-day workweek. Let`s hear more now from CNN chief business correspondent Christine Romans. Companies in manufacturing and service industries and restaurants, they need to hire more people for more shifts which would cut profits and ultimately impact the consumers. And for some industries, it`s not even possible. But it`s also important to note that the four-day work week is not the norm. Many companies that try a four-day work week, they say they`ll likely keep them going. Now, all this they say boosts their well-being, therefore making them more productive at work. Employees say they have more time to spend with their families to invest in hobbies and to sleep. Companies that participated in pilot program in Britain say they saw no loss in productivity during a similar experiment and in some cases, they saw significant improvement. And this isn`t the first program of its kind. and Canada began a six-month pilot program of shortened work weeks in partnership with a non-profit called four-day week global. Quiet quitting and the great resignation are popular terms in offices all across the country. Workers are burned out from the pandemic and are putting greater value on personal time. A growing list of companies are testing shorter work weeks to avoid employee burnout especially as the United States is faced with a tight labor market and employers are doing more to attract talent. ![]() Sounds good, right, teachers? Is it possible though? Is it better? The concept of the four-day work week is simple, get paid the same but only work four days a week. Let`s kick off our show with a discussion on the four-day workweek. ![]() Thanks for making us part of your day at CNN 10. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.ĬOY WIRE, CNN 10 ANCHOR: Hello, everyone. Businesses Consider 4-Day Workweek Tour of London`s Elizabeth Tower. ![]()
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