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Workers moving to a four-day workweek are warned they will face pay cuts as only 1% of companies admit they would consider allowing staff to receive a full pay package
- New research showed that a third of companies believe the four-day week is coming
- It showed they think employees will work fewer hours in the next 10 years
- But data also showed that most companies don’t raise wages
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Workers moving to a four-day workweek have been warned that they could face pay cuts, as only one percent of companies admit they would consider letting their staff receive a full pay package.
New research from the Chartered Institute of Personnel and Development (CIPD) has found that a third of companies believe their employees will have a four-day workweek within the next 10 years.
But the data has also shown that the majority of companies are unlikely to maintain the same level of pay for their staff when their hours are reduced.
Only one percent of companies have said they will keep employee wages if they move to a shorter week.
Meanwhile, a tenth of companies that have already reduced their working days say they have paid the same.
New research from the Chartered Institute of Personnel and Development (CIPD) has found that a third of companies believe their employees will have a four-day workweek in the next 10 years (stock image)
In the survey, companies were asked about the challenges they faced as a result of the four-day working week. Thirty percent said the company was not as productive and 32 percent said it was not suitable for all of their employees
This chart shows the average number of hours worked in the UK, currently 38 per week
The survey also found that not everyone is on board with the four-day workweek, including 32 percent of companies who said it was not feasible for their workforce.
Elsewhere, 30 percent said they wouldn’t be able to have the same level of productivity and output without the extra day.
Figures also show that the majority (two-thirds) of employees are satisfied with five days a week.
This compared to 31 percent of staff who said they wanted a four-day work week.
The idea of a four-day work week has become increasingly popular in recent years.
It’s an idea that has been tested by countries and companies who wanted to see if it could work for them.
However, concerns remain that while the workforce could be more productive, production losses will not be compensated.
The survey found that 84 percent of companies surveyed had no intention of reducing working hours in the next three years
Speaking with the TelegraphJonathan Boys, economist at the CIPD said: “The main bottleneck is the need to increase productivity by as much as 25 percent to make up for lost output from fewer days of work.
“This point came up in our findings, with a majority of employers saying they needed to work smarter and use new technology to reduce working hours without cuts in pay.”
The survey also found that not everyone is on board with the four-day workweek, including 32 percent of companies saying it wouldn’t be feasible for their workforce.
Despite expressing some positivity about the potential for more companies to implement short-time work, Mr Boys said the cost of living crisis could mean people eventually start working more hours so they can supplement their income.
The new data comes after a trial period of 4 days a week. A large proportion (86 percent) of the 70 companies involved in the six-month experiment voted in favor of maintaining the four-day workweek.