The New Zealand company behind a landmark trial of a four-day working week has concluded it an unmitigated success, with 78% of employees feeling they were able to successfully manage their work-life balance, an increase of 24 percentage points.
Two-hundred-and-forty staff at Perpetual Guardian, a company which manages trusts, wills and estate planning, trialled a four-day working week over March and April, working four, eight-hour days but getting paid for five.
Academics studied the trial before, during and after its implementation, collecting qualitative and quantitative data.
Perpetual Guardian founder Andrew Barnes came up with the idea in an attempt to give his employees better work-life balance, and help them focus on the business while in the office on company time, and manage life and home commitments on their extra day off.
Jarrod Haar, professor of human resource management at Auckland University of Technology, found job and life satisfaction increased on all levels across the home and work front, with employees performing better in their jobs and enjoying them more than before the experiment.
Work-life balance, which reflected how well respondents felt they could successfully manage their work and non-work roles, increased by 24 percentage points.
In November last year just over half (54%) of staff felt they could effectively balance their work and home commitments, while after the trial this number jumped to 78%.
Staff stress levels decreased by 7 percentage points across the board as a result of the trial, while stimulation, commitment and a sense of empowerment at work all improved significantly, with overall life satisfaction increasing by 5 percentage points.