A British bank has adopted a four-day work week for all its employees without cutting pay, saying it's the largest UK company so far to make such a move.
- UK-based Atom Bank on Tuesday announced that they have adopted a four-day workweek for all their employees without cutting pay.
- The policy was implemented on November 1st that will see employees working slightly longer days as their total weekly hours of work is reduced from 37.5 to 34.
- The move is completely voluntary, so the company expects employees to take leave on either Monday or Friday.
- Talking about what motivated this change, Atom CEO Mark Mullen points to his experience during the pandemic and how it exploded many of the myths of the modern workplace.
- Through this move, the company hopes to support its employees' mental health and well-being.
- Atom is now the largest company to adopt the model pushing for better work-life balance for their workers.
- The article also reports that 2 studies from Iceland trailing the 4-day workweek model with no pay cut shows that the model has no effect on worker productivity but it ends up drastically improving workers' well-being.