Cutting the workweek to four days can benefit businesses, with potential for increased productivity and profitability. Ryan Carson, CEO of Treehouse, an online education company, implemented a 32-hour workweek without reducing salaries, resulting in significant company growth. The firm’s revenue and profits have grown an estimated 120% and 340% respectively, since the change.
The four-day workweek is also linked to improved employee wellbeing. It reduces stress, increases job satisfaction, and enhances work-life balance. This, in turn, leads to increased staff retention and reduced costs associated with hiring and training new employees.
However, not all businesses can adapt to a shorter workweek. It depends on the nature of the industry and the company’s operational needs. For example, customer service and healthcare sectors may face challenges integrating this model due to their round-the-clock requirements.
Nonetheless, the four-day workweek is gaining traction, with companies like Google and Amazon experimenting with flexible work arrangements. It’s a trend that challenges traditional norms and could potentially revolutionise the future of work.
Go to source article: http://qz.com/197060/to-grow-your-company-and-make-millions-start-working-four-days-a-week/