ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Lot of Workers Now Logging Off by 4 PM on Fridays, Survey Finds

Studies show that a four-day workweek, maintaining benefits and pay while reducing workdays, can lead to increased productivity and job satisfaction.
PUBLISHED APR 1, 2024
Cover Image Source: Employees working together in an office (representative image) | Fauxels | Pexels
Cover Image Source: Employees working together in an office (representative image) | Fauxels | Pexels

Working smarter, not harder, is becoming the norm in today's shifting economy. Remote work, and digital nomadism are examples of different work arrangements that are growing in popularity. Technology has made it possible to operate more productively in various ways. It's up to each person to decide which of the various possibilities is best for them. The four-day workweek, in which workers put in more hours each day for four days instead of five, is an intriguing experiment. This enables them to remain productive and take three days off each week.

Cover Image Source: Woman Working on a Laptop | George Milton | Pexels
Woman working on a laptop | George Milton | Pexels

Although there hasn't been much discussion about four-day workweeks since the pandemic, there is a discernible pattern of American employees wrapping up early on Fridays. Workplace analytics company ActivTrak examined when over 75,000 employees from 816 organizations signed off from work. They discovered that Friday sign-off hours have advanced from approximately 5 pm at the start of 2021 to approximately 4 pm at this point.

Throughout the rest of the week, people are also logging off earlier, with Mondays to Thursdays seeing an average sign-off time of around 5 pm. This could be because more workers are returning to offices and leaving work earlier to commute home, rather than letting remote work drag into the evening. Whether people work from home or in offices, productivity tends to decline on Fridays, particularly in the afternoon, according to Texas A&M research.

Some businesses have responded to this by experimenting with various approaches to increase productivity on Fridays. This involves enforcing meeting bans or permitting employees to take half-days, with the assumption that providing an incentive will increase their focus in the mornings. For most businesses that have allowed workers to return to the office, hybrid work has become the standard, and Fridays are frequently the busiest days. Even those who work remotely don't wait until Friday at the end of the workday to begin their weekend activities. Weekend getaways frequently last three or four days rather than simply two since more people are departing earlier.

Image Source: Photo by fauxels | Pexels
Employees are wrapping work earlier on Fridays (representative image0 | Photo by fauxels | Pexels

Post-pandemic shifts and rethinking work-life balance

According to the Anatomy of Work survey by Asana in 2022, a staggering 63% of knowledge workers reported experiencing burnout in the past year. Younger generations are more likely to experience burnout than older generations, with a staggering 74% of millennials and 84% of Gen Z expressing support for the idea of ​​a four-day work week Even though society and the workplace have restored some equilibrium, the rise in job burnout and anxiety has forced us to look for ways to work towards improving the well-being of all employees.

The COVID-19 pandemic has not only increased workplace burnout but has also raised the question of how we approach work and what employees expect from their employers. The demand for flexible working arrangements has increased since the outbreak along with a greater work-life balance among employees.

According to the 2022 Global Talent Trends study by LinkedIn, employees are giving work-life balance a higher priority than salary when considering a new job offer. In addition to creating a work-life balance for employees, the concept of a four-day workweek has benefits for the businesses they work for.

MORE ON MARKET REALIST
Drew Carey tried making a bet with the contestant but she was not having it.
12 hours ago
Steve Harvey was left stunned by the answer and had to question the entire family.
14 hours ago
Steve Harey forced the contestants hiding to come out and address the situation.
1 day ago
Rick Harrison were creeped out by the handcuffs but still wanted to buy them.
1 day ago
Cuban was interested in the tech side of the company but was annoyed when his doubts got no answers.
1 day ago
She had already won more than $21,000 and a trip to Portugal before heading to the round.
2 days ago
The contestant even apologized to Steve Harvey after her answer was called out.
2 days ago
The host urged fans not to laugh at the answer, as it might come back to bite them in the future.
2 days ago
The seller lacked any solid proof and as a result, nobody on the show wanted to offer him a deal.
3 days ago
The contestant wished that bars gave free alcohol to those already drunk out of their minds.
3 days ago
It would have been easy for Amy Schneider to respond harshly to the accusations, but she remained cool and collected.
3 days ago
The host was left shocked after hearing the answer as he mouthed "wow" a couple of times.
3 days ago
The contestant went on to win $20,000 for her family despite the awkward moment.
4 days ago
The entrepreneurs might have hoped that a third of their company would attract a shark, but it didn't.
4 days ago
She was just happy to be on the show and was not disappointed about leaving empty-handed.
4 days ago
Things got heated as all of the sharks took shots at each other for a chance to cut a deal.
4 days ago
The entrepreneur was selling a DVD set about men's grooming, which was priced at a whopping $297.
5 days ago
Some might have expected the host to be a bit upset but he was entertained.
5 days ago
The entrepreneurs had initially asked for $50,000 for a 50% stake in the company.
5 days ago
She had uploaded photos and videos from a taping on her Instagram stories.
5 days ago