Can four-day workweek succeed in work-obsessed America
Building the Next-Generation Workplace
With this in mind and considering that these young cohorts are quickly becoming key business decision-makers as baby boomers edge toward retirement, it’s not inconceivable that flexible work schedules – including four-day workweeks – will become a reality. It’s already a reality for employees at Bolt, who, after a successful three-month trial, are now permanently adopting a four-day workweek. According to a post-pilot employee survey, 84% of the fintech unicorn’s employees said they have been more productive, and 86% said they have been more efficient with their time. Additionally, 84% saw an improvement in their work-life balance. Moreover, a spokesperson told Business Insider that job applications were up 30% compared with December.
It’s less likely that a shortened workweek will become mandated. Instead, organizations and the individuals who work for them will choose based on what is right for them and enter emotional contracts that are mutually beneficial. To some, like Bolt, this may be taking a three-day weekend. To others, it may be implementing some other kind of flexible work schedule where employees work the hours needed to deliver the right value and outcomes.
At the same time, enterprises need to uplevel their use of technology to succeed in achieving this agile and autonomous workplace. While every industry has undergone a digital transformation these past two years, studies highlight several inefficiencies jeopardizing productivity amongst employees.
