A Four-Day Workweek
Last Modified: 14/07/2022
Despite working only four days a week, this French company's employee output and earnings have increased.
- 1Do four-day weeks work?
- 2When French company boss Laurent de la Clergerie...
- 3...decided to let his staff work a four-day week...
- 4...on the same pay as before,...
- 5...some people took him for a crazy person.
- 6But a year on, his LDLC company selling consumer technology...
- 7...has increased annual turnover by 40 percent...
- 8...without hiring any extra staff.
- 9As the world emerges from a global health crisis...
- 10...that prompted many people to reevaluate their work-life balance,...
- 11...companies and workers around the world are asking an important question.
- 12Can they work less?
- 13De la Clergerie says before he embarked on the change,...
- 14...he did the math.
- 15LDLC employs approximately 1,000 people.
- 16He worked out that even in the worst-case scenario,...
- 17...the change would add to labor costs by at most 1.6 million dollars per year.
- 18It was a manageable risk he was willing to take.
- 19Since then, he said that absenteeism and sick leaves have gone down.
- 20The company has also not had to hire new people...
- 21...to offset the reduction in hours worked.
- 22And although the four-day week is not the only factor,...
- 23...De la Clergerie says it contributed to a jump in turnover...
- 24...from around 550 million dollars before the change to nearly 770 million dollars.
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