Atom Bank introduced on Tuesday that it had additionally decreased the weekly hours of its 430 employees to 34 from 37.5 and anticipated most employees to take both Monday or Friday off. The change is voluntary and would imply employees working barely longer days.
The coverage, which took impact on November 1, was launched to help Atom’s staff’ “mental and physical well-being,” and enhance productiveness, the corporate stated. The majority of its employees have switched to the brand new work week.
“A four-day week will provide our employees with more opportunities to pursue their passions, spend time with their families, and build a healthier work/life balance,” Atom CEO Mark Mullen stated in a press release.
Mullen stated that Atom’s expertise in the course of the pandemic had “exploded many of the myths of the modern workplace,” together with the necessity to work in an workplace.
Mullen informed CNN Business that Atom didn’t trial the brand new schedule in smaller groups earlier than implementing it.
“Everyone had to do it in order for us to really truly understand whether it was going to work,” he stated.
He added that, to this point, he has not seen a drop in productiveness or ranges of customer support, however that it could “take time for people to adjust.”
“If you’ve just spent 20 years in one model and, all of a sudden, you’re thrown into a new one, you wake up on a Friday morning you think ‘what am I going to do with all this time?'” Mullen stated.
Mullen stated in a press release that the five-day work week, a relic of the twentieth century, was “no longer fit for purpose” and he hoped that more firms would observe Atom’s lead.