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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. 

 

Chairperson
Charissa King, Editor, HR Magazine
Millicent Machell, Senior Reporter, HR Magazine
Speakers
Simon Ursell, Chairman, Tyler Grange
Sponsored by: HR

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