Search
 
Market Insights

Employers use 4-day work week as recruitment tool, study finds

While some employers see a benefit in offering employees a shortened work week, other employers worry about meeting operational goals and adequately serving customers if they require employees to work fewer hours.

By Kristen Beckman | September 18, 2023 at 11:34 AM
Credit: vadim_key/Adobe Stock

Employers are experimenting with flexible work weeks in the wake of the pandemic in an effort to recruit and retain talent and improve work-life balance. Five percent of employers are offering a four-day work week either as a formal policy or on a case-by-case basis, according to a new report from the International Foundation of Employee Benefit Plans. The survey defined a four-day work week as a decrease in the required weekly work hours from 40 to 32 hours. 

One percent of employers are in the process of piloting a four-day schedule, while 14% of employers are considering doing so, the report found. Some of the employers surveyed said they have implemented a four-day work week across the company, but many employers indicated they only offer it to certain job functions, specific employees or those working in certain locations. Meanwhile, 80% said they are not considering this type of schedule. 

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.