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UK Says 4 Day Is Workable!!
UK Says 4 Day Is Workable!!
Original publication: 2023-05-25 16:12:57
UK Says 4 Day Is Workable!!
Karma Global Possesses a Panel of International Experts Be It (1) Strategy Consultant (2) Management Consultant (3) Operations Consultant (4) Financial Advisory Consultant And (5) Human Resource Consultant! Karma Management has now become Karma Global which was incorporated in the year 2004, having now completed almost 19 years of its existence. As late as April 2021, Karma Global took a very bold step of venturing into foreign shores in terms of shoving up its business prospects in countries like US, UK, UAE, Canada, South East and South East Asia. It has already made its mark in terms of providing excellent services in the areas of payroll, outsourcing, recruitment and talent acquisition, facility management services and regulatory compliances including immigration, negotiations and employment contracts in these foreign countries as well. The major services provided by Karma Global include Regulatory Audit, Management Consulting, Strategy Consulting, Financial & Tech Advisory, Risk Advisory, and Legal. Towards the end of April and the first fortnight of May 2023, Pratik Vaidya, MD & CVO of Karma Global was in the U.S. and Canada attending the Select USA Investment Summit 2023 which came to a close, marking the largest Investment Summit in Select USA history, with 4,900 attendees spanning 83 international markets that was well represented. There was lot of interactive session at Bay Area Houston where the delegates were briefed about business divisions in Franchise, Business Brokerage, Consulting, Education, Technology and Business Immigration and assistance was also offered to the delegates in buying or selling businesses with more than 400 franchise opportunities. This delegation in association with the Consulate General of India, US Commercial Service of Dallas, IACC of Greater Houston, the Greater Houston Partnership and Economic Development Offices is another step in IACC's development of relations with the United States of America.UK Says 4 Day Is Workable!!
In UK, over a 100 companies sign up for 4-day work week In a policy that is being hailed as “transformative”, a hundred companies in the UK have signed up for a four-day working week on a permanent basis. The policy is said to significantly change UK’s approach to work as it does not include loss of pay and will cover thousands of employees. As per the The Guardian, advocates of the four-day week claim that the five-day work week is a hangover from an earlier economic age. “They argue that a four-day week would drive companies to improve their productivity, meaning they can create the same output using fewer hours,” reported The Guardian. Positive inputs seem to be coming in from those who have already adopted the policy, as it attracts and even retains workers. 2 biggest Global companies sign up Global marketing company Awin and Atom Bank are the two biggest companies that have signed up for the policy. Both have been accredited by the four-day week campaign, implying they have actually reduced hours rather than coercing their employees into working longer days. Speaking to The Guardian, Awin’s chief executive Adam Ross said shifting to the four-day week was “one of the most transformative initiatives” in the history of the company. “Over the course of the last year and a half, we have not only seen a tremendous increase in employee wellness and well-being but concurrently, our customer service and relations, as well as talent relations and retention also have benefited,” he told The Guardian. 4-day work week trial yields overwhelming success in U.K., researchers say A trial of a four-day workweek in Britain, billed as the world’s largest, has found that an overwhelming majority of the 61 companies that participated from June to December will keep going with the shorter hours and that most employees were less stressed and had better work-life balance. That was all while companies reported revenue largely stayed the same during the trial period last year and even grew compared with the same six months a year earlier, according to findings released this week. “We feel really encouraged by the results, which showed the many ways companies were turning the four-day week from a dream into a realistic policy, with multiple benefits,” said David Frayne, research associate at University of Cambridge, who helped lead the team conducting employee interviews for the trial. “We think there is a lot here that ought to motivate other companies and industries to give it a try.” World’s largest four-day work-week trial in Britain proves to be a success, here’s how- Every professional seeks to have some sort of work-life balance, especially after the pandemic-induced compulsory work-from-home culture, impacting employees' mental health. In pursuit of a more fitting work culture which addresses the underlying issue of burnout and fatigue, employees of at least 61 British companies tried out a four-day working week culture, one which is deemed to be the world's largest one, as per Autonomy, a British-based research organisation.
- The trial involved dozens of employees working for an average of 34 hours across four days between June and December 2022. During the four-week work trial, the employees earned the same salary as they would get otherwise. As exciting as the trial itself is, the result of it was even more impactful and thrilling.
- Out of these 61 firms where the employees tried out four-days’ work week, at least 56 companies, which is 92%, chose to stick with the same work week culture.
- A total of 18 of these firms even chose to make this a part of their permanent work culture. At least 2,900 employees spanning different sectors became part of the trial. It catered to sectors ranging from finance company Stellar Asset Management to digital manufacturer Rivelin Robotics and a fish-and-chip shop in the coastal town of Wells-next-the-sea.
- One of the most important and interesting key findings of the survey was that the productivity of the employees was maintained during the trial period. Additionally, the employees were also less likely to quit their jobs, in view of the satisfactory work-life balance.
- The priority for some of these employees was more days off and not more money. Four-day work week turned out to be much more satisfying for them. As per the survey, a total of 15 per cent of these employees said no amount of money would induce them back to a five-day week.