This Bank Moved To A 4-Day Work Week For All Employees Without Cutting Pay
NDTV
The policy, which took effect on November 1, was introduced to help improve employee well-being
A British bank has introduced a four-day work week for all employees without cutting pay. Atom Bank says it is the largest company in Britain to offer a four-day work week with no reduction of salary.
The policy, which took effect on November 1, was introduced to help improve employee well-being, CEO Mark Mullen told BBC.
Employees now work 34 hours a week instead of the 37.5 hours they were expected to put in earlier. The move to a four-day work week is voluntary, and employees who avail of it will be expected to work longer hours on the days they are in office.
"While we appreciate a four-day working week will not be right for all workplaces, the move to working from home has proved that working practices that may have seemed years away can be introduced rapidly," CEO Mark Mullen said in a statement. "We firmly believe that this will prove beneficial for our employees' well-being and happiness and that it will have an equally positive impact on business productivity and customer experience."
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