Silicon Valley is beta testing a four-day workweek
Future. The tech industry is starting to adopt a four-day workweek in order to decrease burnout and increase productivity… while keeping wages the same. As the Great Resignation rages, a large majority may start gravitating toward tech (or any other industry) that promises them more free time outside of work.
Stay-home FridayTech companies are trying to disrupt the workweek.
Apparel e-commerce platform ThredUp started piloting a four-day workweek last year, which saw turnover drop by more than half and was a key reason why half of the employees hired last year wanted to work at the company.
One-click-checkout startup Bolt made a four-day workweek permanent this year, with 86% of employees saying the change has made them more productive and 84% saying their work-life balance improved.
Additionally, Bolt reported that the company is still hitting all of its performance targets.
And it’s not just the startups — Microsoft, Amazon, and Cisco have all piloted a four-day workweek in recent years.
Outside the U.S., nonprofit community organization 4 Day Week Global rallied 30 companies in the U.K. to give a four-day workweek a try.
Work for us for lessEven if the four-day workweek doesn’t work for every company, many are still reevaluating their schedules to woo workers.
Coinbase and Cisco added extra days off throughout the year.
Crypto firm Circle overhauled how much vacation time workers could take off.
The change in time off comes as the tech and e-commerce industries have boomed during the pandemic… along with demand for more workers. Trade group CompTIA reported that the tech industry has been adding employees at a steady clip for the past 14 months.
Stay relevant
Don’t miss out on the daily email about all things business, entertainment, and culture.
The post Silicon Valley is beta testing a four-day workweek appeared first on TheFutureParty.