Four In Ten Black Workers Would Take A Pay Cut For A Shorter Workweek, Study Finds
A report by ResumeBuilder.com found that over 40% of Black workers would take a pay cut for a shortened workweek.
There were 976 business leaders surveyed to determine their current attitude toward a 4-day workweek policy.
4 in 10 companies plan to shorten the workweek.
The survey of business leaders revealed 3 in 10 companies have plans to utilize a four-day workweek by the end of this year.
Over 40% said they plan to implement a 4-day workweek by 2024, while 8% said they would shorten it by 2025 or later.
Nearly all said their company would run a trial period before implementing the policy, lasting between one to three months.
“Some businesses may still be hesitant to change to a 4-day work week, as they will need to negotiate employment contracts, address holiday pay, and decide on a work schedule for part-timers,” said ResumeBuilder.com Chief Career Advisor Stacie Haller.
“However, this change may be worth the challenge as it could also increase employee retention by supporting a better work/life balance.”
Most business leaders said implementing a 4-day week helped the company compete for top talent, and 88% said it positively impacted profitability.
Max Shek, founder of nerDigital, confirmed his team members are more motivated, energized, and happier in their personal and professional lives.
Why Black employees want a 4-day workweek
ResumeBuilder.com also surveyed 1,000 full-time officer workers who do not already have a four-day workweek.
They found that 97% of Black workers would be willing to make the switch, and 41% would take a pay cut to have a shortened workweek.
A Hays report found that 92% of professionals said a four-day week has positively impacted their home life, and 84% said a four-day week has positively impacted their professional life.
Participants in global four-day workweek experiments also reported that the new arrangement reduced burnout and benefits for their health, finances and relationships.
