Productivity woes? Why giving staff an extra day off can be the answer
by Phillip Inman and Jasper Jolly from Economics | The Guardian on (#4356F)
Firms that operate a four-day week with no cut in pay or benefits, as proposed last week by John McDonnell, can see improvements in staff morale and health as well as revenue
Lorraine Gray credits the move to a four-day working week with her company's rapid growth. She is operations director at Pursuit Marketing, a telephone and digital marketing firm based in Glasgow, and has seen an astonishing 29.5% improvement in productivity in the two years since employees started having Fridays off, with no reduction in pay or other benefits.
It has also resulted, she says, in big increases in employee satisfaction and health. Pursuit now expects projected revenues of 5m in the year to June 2019 to rise to as much as 15m in the following financial year.
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