73% of workers will accept a four-day work week if pay does not decrease
A survey of over 2,000 UK workers and 250 UK employers found that flexible work is more popular among job seekers than a four-day work week.
Despite 37% of employers implementing a four-day working week, recent research from Reed.co.uk has found that candidates are more likely to apply for a job offering “flexible working” opportunities (45%) than a “four-day working week” (40%). “Work from home” followed at 32%, and “opportunity to progress” was noted at 31%.
According to the research, despite 89% of workers favouring a four-day working week, flexible work remains the more popular alternative for employers seeking to generate job applications. Flexible working is defined as a way of working that suits the individual’s needs, with flexible start and finishing times and/or the freedom to work from home.
The research also found that only 16% of workers would accept a pay reduction in exchange for a shorter week. Seventy-three percent of respondents were open to the shorter week if pay did not decrease.
Over a third (37%) of employers have implemented a four-day working week, and 27% are considering it.
Generally, the reasons for employers’ support of the four-day working week are focused on employee wellbeing. The benefits cited include:
- “better work-life balance” (51%)
- “increased employee happiness” (43%)
- “higher employee engagement” (41%)
- “increased productivity” (36%)
- “reduction of burnout” (36%)
James Reed, Chairman of Reed.co.uk, comments: “Despite strong arguments in favour of a four-day working week, evidenced also by recent UK trials, our research suggests that it may not be the best or most popular way for businesses to attract and retain top talent.
“The National Forum for Health and Wellbeing at Work has suggested that cramming five days’ work into four might contribute to stress. Instead, offering greater flexibility could be more impactful and more popular.
“Amid a highly competitive labour market, it’s encouraging to see so many employers open to exploring new and creative methods to attract candidates. The era of the traditional 9-to-5, five day working week is over and it’s now more important than ever for employers and employees alike to embrace flexible and inclusive working patterns that will allow everyone to contribute to the workforce.”