Episode description
In the fifth episode of our “In Conversation with…” podcast series for 2023, Lucy Lewis, Partner at Lewis Silkin LLP speaks to Joe Ryle, Director at the 4 Day Week Campaign.
“All these long working hours that we put in don’t really produce very good results but produce a lot of burnout, a lot of stress, a lot of overwork, a lot of unhappiness and, not only is that no way to live, it’s also no way to run an economy.”
The UK’s four-day week trial has been hailed as a breakthrough moment for the move towards a four-day work week. Joe and Lucy explore what this means for employers and the future of work. They consider key learnings from the trial and address the most common concerns held by employers when considering moving to a four-day week. They also reflect on the important role government has to play in driving an economy-wide transition, and the potential for lasting legal and societal change.
Key takeaways from the conversation:
- The UK’s four-day week trial was a success: the vast majority of companies (almost 95%) have decided to continue with a four-day week following the end of the trial.
- Introducing the four-day week benefits employers as well as employees: companies adopting the four-day week can benefit from higher employee retention, more motivated staff and increased revenues.
- Employers should avoid top-down implementation of the four-day week: organisations that empower their staff and consult with them in advance are more likely to succeed.
- The four-day week can drive wider cultural change: individuals can balance different aspects of their life, enabling men to take up a more equal share of caring responsibilities.
- The government has a key role to play: an economy-wide transition to a four-day week will require industry leaders, business leaders and trade union leaders to work with the government, supported by the introduction of new legislation.