The New Zealand company behind a landmark trial of a four-day working week has declared it a success and will be adopting the new schedule full time.
Almost 250 staff at Perpetual Guardian, a company which manages trusts, wills and estate planning, trialled a four-day working week over March and April this year, working four eight-hour days but getting paid for five.
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Academics who studied the trial found staff at the firm’s offices around the country reported lower stress levels, higher levels of job satisfaction and an improved sense of work-life balance.
Barnes initially undertook the trial after observing how much pressure some of his staff were under to manage their personal and professional lives.
“For us, this is about our company getting improved productivity from greater workplace efficiencies … there’s no downside for us,” he said.
Data was collected by two New Zealand academics before and after the trial period. »