'PRAXIS,' the Toronto, Canada-based marketing and communications agency, announced that it is piloting a four-day work week across its entire company. The four-day work week is being tested through a partnership between PRAXIS, '4 Day Week Global,' and various researchers across high-profile universities, such as Cambridge, Boston, Oxford, and more.
PRAXIS noted that it is not shifting from five, eight-hour days to four, ten-hour days, but rather is keeping the daily hours the same, effectively reducing its full-time work week from 40 hours to 32 hours. The company noted that the research supports this particular structure, as more than 78% of employees report being happier and less stressed while delivering equal or greater results in this time.
In fact, Matt Juniper, a General Manger and Associate Partner at PRAXIS, stated: "We’re not asking employees to shift to four, 10-hour days. Employees will not receive a reduction in compensation. We’re simply learning to work smarter not longer."
Shortened Full-Time Work Weeks
PRAXIS Announced a Shortened Work Week Pilot Company-Wide
Trend Themes
1. Shortened Work Week - The trend of shortened full-time work weeks, as seen with PRAXIS, is disrupting traditional work schedules and encouraging work-life balance.
2. Equal or Greater Results - The trend of reduced work hours without reduced productivity, as demonstrated by PRAXIS, is encouraging businesses to consider implementing similar strategies for improved employee satisfaction and output.
3. Flexible Work Schedules - The trend of flexible work schedules, exemplified by PRAXIS' approach to a shortened work week, is becoming increasingly popular as companies prioritize employee well-being and productivity over traditional work structures.
Industry Implications
1. Marketing and Communications - The marketing and communications industry may benefit from adopting a reduced work week structure, following the example of PRAXIS, to improve overall employee performance and satisfaction.
2. Technology - The technology industry can disrupt traditional work structures by implementing innovative solutions, such as reduced work weeks, to increase productivity and retain top talent.
3. Human Resources - The human resources industry may benefit from researching and implementing new approaches to work schedules, such as those tested by PRAXIS, to improve employee well-being, productivity, and work-life balance.