Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » World
2-min read

New Zealand Firm to Make Four-Day Work Week Experiment Permanent After 'Resounding Success'

The company said its 240 employees, on whom the experiment was conducted for nearly two months, all reported greater productivity, better work-life balance and lower stress levels from working one less day a week.


Updated:July 22, 2018, 2:09 PM IST
New Zealand Firm to Make Four-Day Work Week Experiment Permanent After 'Resounding Success'
A representative image. (File photo: Reuters)

Wellington: A company in New Zealand that tested four-day work weeks says the experiment was so successful that it wants to make it permanent.

Perpetual Guardian, which helps customers manage their wills and estates, released the results of its two-month trial this week. The company said its employees all reported greater productivity, better work-life balance and lower stress levels from working one less day a week.

The employees — more than 240 of them — were still paid for five days a week during the experiment, which ran from the beginning of March to the end of April. The trial was conducted by outside researchers.

"It was just a theory, something I thought I wanted to try because I wanted to create a better environment for my team," Perpetual Guardian CEO Andrew Barnes told CNN. "I'm humbled that my team has responded, and they went beyond my wildest dreams."

In a survey taken late last year, only 54% of respondents said they felt able to manage their work-life balance. After the trial, that number jumped to 78%.

Staff stress levels also decreased by around 7%, while metrics used to measure team engagement rose around 20% on average.

Related: New Zealand is going to start taxing tourists

The key to the experiment's success was the staff input, said Jarrod Haar of the Auckland University of Technology, one of the researchers who conducted the experiment.

"They were given the freedom to redesign things," Haar said. The experiment could be a model for other workplaces and become "a revolutionary way to work," he added.

Barnes said employees became more productive, spending less time on social media or non-work activity. One employee even told the CEO that he stopped looking at emails from his wife about an ongoing apartment search during work hours.

"Why am I not paying based on output?" Barnes said. "Why am I paying for days in the office?"

Employees offered other ideas on measuring productivity, like having small flags to place on their desks when they didn't want to be disturbed.

The experiment is particularly significant in New Zealand, which has low labor productivity compared to other countries, according to the Organization for Economic Co-operation and Development.

Barnes has recommended to his company's board that a four-day work week be made permanent, and says it could serve as an example for other firms around the world.

"What happens is you get a motivated, energized, stimulated, loyal work force," he said. "I have ended up with statistics that indicate my staff are fiercely proud of the company they work for because it gives a damn."

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Ahona Sengupta
Read full article
Next Story
Next Story

Also Watch


Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results