How to Implement a Four-Day Week (And What Not To Do)
12 Mar 2024
Best Place to Work
The UK's four-day week pilot was such a success that 86% of the organisations that took part retained the new model. And Tyler Grange was one of them. Since working reduced hours, for the same salary and benefits ' none of the 100+ strong team works Fridays - Tyler Grange is producing 106% more work than it previously did in five ' making the company 26% more productive. This is a measurement ratio of productive time versus direct costs, which means the company is 106% productive in 80% of the time ' which exceeds the original forecast of 100%. Since adopting a four-day week, the company has also seen an increase of 88% in CVs received; a 66% reduction in absenteeism; a 28% reduction in tiredness and an average happiness increase of 14%. In addition, the team is reaping the benefits of a better work-life balance and their productivity is also being driven by the ability to choose what they do over a three-day weekend, which has also helped tremendously with the cost of living - especially for parents by reducing childcare costs. Crucially, the common consensus ' amongst colleagues and clients - is that the consultancy's service levels, and client care is as good as they've ever been since it began trading over 12 years ago.