The four-day-week is becoming more and more popular. Employees believe in a better work-life balance, organize their family commitments, or devote their spare time to voluntary work. Employers, on the other hand, are competing for the best qualified talents and wish to increase their attractiveness on the labour market by offering up-to-date working conditions.
What is it exactly, a four-day-week?
It feels like almost everyone is talking about the four-day-week: Over the last year, there have been increasing reports of companies introducing the four-dayweek. In this respect, there are two concepts for such four-day-week: either the same number of working hours per week as before (generally between 40 and 42 hours per week) is spread over four days which results in longer working days. Or the working hours are reduced (e.g. to 32 hours per week) and distributed over four days, which means that the length of the working days remains the same.
Both concepts have in common that there is no loss of compensation in the four-day-week compared to a full-time workload of five days: this means that even in the four-day-week employees earn the same as in a five-day-week. The four-day-week should therefore not be confused with an 80% stint performed over four days, where the remuneration is reduced to 80% based on part-time work.
How common is the four-day-week?
In Iceland, most of the working population now works four days a week, following the concept of reducing the number of hours...
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