A hundred UK companies switch to four-day working week with no pay cut
Hundreds of Brits are living a worker’s dream — a four-day week.
A hundred UK companies have signed up for a permanent four-day working week for all of their employees, with no loss of pay. This has been hailed as a milestone in the campaign to fundamentally change Britain’s approach to work.
The 100 companies employ 2,600 staff and they’re hoping to be at the forefront of a major shift in the UK’s attitude to work.
Most of the companies are in the services sector, such as technology, events, or marketing firms. Manufacturing and construction companies have also signed up, reports the Guardian.
Historians have likened the introduction of the four-day week to the 19th-century campaign for a two-day weekend.
Proponents of the move also say that the five-day pattern is a hangover from an earlier economic age and that it’s no longer relevant.
They argue that a four-day week would drive companies to improve their productivity, meaning they would achieve the same output in fewer hours.
For early adopters, the policy has reportedly proven a great way of attracting and retaining employees.
Some of the most well-known companies to have signed up include Atom Bank and global marketing company Awin, who each have about 450 staff in the UK.
Adam Ross, Awin’s chief executive, said that adopting the four-day week was: “one of the most transformative initiatives we’ve seen in the history of the company”.
“Over the course of the last year and a half, we have not only seen a tremendous increase in employee wellness and wellbeing but concurrently, our customer service and relations, as well as talent relations and retention also have benefited,” he added.
The UK campaign is co-ordinating the world’s biggest pilot scheme, for about 70 companies, to adopt the four-day trial week. This is in collaboration with the universities of Cambridge, Oxford, and Boston, as well as the think tank Autonomy.
In September, a survey revealed that 88 per cent of participating companies said that the four-day week was working “well” for their business. Meanwhile, 95 per cent said productivity had either stayed the same or improved.
Speaking to the Guardian, Joe Ryle, the UK campaign’s director, said: “We want to see a four-day week with no loss of pay become the normal way of working in this country by the end of the decade so we are aiming to sign up many more companies over the next few years.
“With many businesses struggling to afford 10% inflation pay rises, we’re starting to see increasing evidence that a four-day week with no loss of pay is being offered as an alternative solution.”
Full list of companies participating in four-day week:
3D Issue
448 Studio
64 Million Artists
92 Minutes Ltd
Advantage Business Partnerships
Advice Direct Scotland
Atlas Translations
Atom Bank
Awin
Autonomy
Barefoot Architects
BiBO
Big Potato Games
Blink
Brett Nicholls Associates
Butcher Bayley Architects
Causeway Irish Housing Association
Charlton Morris
City to Sea
CIVO
CMG Technologies
Coltech Global
Common Knowledge
Cooked Illustrations
Crystallised
DataLase
DigiLab
Digital Guerilla Consultancy
Earth Science Partnership
Elektra Lighting
Escape the City
ESG Gaming
Esteem Training
Evolved Search
Flocc
Formedix
Forward Space
Four Day Week Ltd
Geeks for Social Change
Gracefruit
Greenpost
Gungho Marketing
HearFocus
Hello Heat Pumps
Hello Starling
Highfield Professional Solutions
JMK Solicitors
Legacy Events
LUX - The Food & Drink Agency
MATS Consultancy
MRL Consulting
NEON (New Economy Organisers Network)
New Vision Digital Marketing
Oriel Square
Original Consultants
Paul David Smith Photography
Pool Data
Portcullis Legals
PTHR
Punch Creative
Reboot
Resilience Brokers
Reward Agency
SEOMG!
Sinister Fish Games
Social Enterprise Direct
Softer Success
STC Expeditions
STOP AIDS
Scottish Community Safety Network
streamGO
T-Cup
Talewind Target Publishing
Team Custard Kraken
Team Norse Thunder
Technovent
The Circle
Think Productive
THRYVE
Time Appointments
Tribera
Uniqodo
UPAC Group
Vault City Brewing
Venture Stream
Whyfield
Xaso
YWCA Scotland
Zync Digital
PureFluent
Counting King Limited
Trio Media
BJP Consulting Group Ltd
This Is Beyond
Global Partners Digital
LIT Communication
Pollard Media
Acuity Solutions
Principles Agency
Tyler Grange Group Ltd