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Some 73% of the 45 companies that participated in the six-month experiment will either fully implement the model or extend the trial, according to a report released recently. Two large firms dropped out early due to “economic difficulties or lack of internal support.
It may seem to be a freak exercise. The results of a pilot project undertaken in Germany found that close to three-fourths of the corporations surveyed preferred to have a four-day week, while in some countries like India, there is a growing demand for switching back to a six-day week.
Some 73% of the 45 companies that participated in the six-month experiment will either fully implement the model or extend the trial, according to a report released recently. Two large firms dropped out early due to “economic difficulties or lack of internal support.
Germany is facing a demographic challenge. More than 7 million people are expected to leave the labor force by 2035, as birthrates and immigration fall well short of what’s needed to replace the aging population.
The results from the study in Europe’s largest economy are similar to the findings of the previous pilot projects in the UK, Portugal, and South Africa. Staff in Germany reported significant improvements in mental and physical health. While employers saw positive effects in recruitment and retention rates, financial performance metrics, such as revenue and profit, remained overall stable while work hours dropped, pointing to some productivity gains.
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The top reasons for organizations to participate were to improve employer appeal, employee health, and productivity growth.
