World Companies trying four-day work week

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Employers around the world are offering a four-day work week as an incentive to attract workers after the coronavirus pandemic changed their working hours, reports.

As Reuters writes, the debate over the so-called "Scandinavian model", according to which labor productivity will increase if working hours are reduced, is not news, but during the COVID-19 crisis, it gained momentum not only among companies, but also among the public sector and politicians.

In Europe, Spain's left-wing government is considering its own version to help its economy, while governments in Denmark and Iceland have already adopted 4-day weeks.

Andalusia-based Software El Sol has already moved to a four-day workweek with no pay cut and has increased its workforce by 15% since the trial began.

"Sales rose 20% and absenteeism plummeted; customer and employee satisfaction also rose, along with productivity," Marketing Director Pedro Cortez told Reuters.

Travel company Nordic Visitor, with offices in Iceland, Scotland and Sweden, has cut work weeks from 40 to 35 hours, which it says has resulted in improved employee satisfaction, fewer sick days and higher profits.

At New Zealand-based real estate planning firm Perpetual Guardian, productivity skyrocketed and absenteeism dropped after it finally transitioned to the four-day workweek first tested in 2018.

19:15, 19 August 2021

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