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
The company has issued an apology in a statement for the inconvenience caused.
46 minutes ago
Michael Burry made a return to X with a cryptic message warning against the 'AI Bubble'.
50 minutes ago
The host had no idea what the contestant was saying until he cleared it up.
4 hours ago
Ryan Seacrest was surprised that the contestant was able to get it right so quick.
5 hours ago
The creator claimed that it was all part of a bigger business model that got the bigger brands paid.
20 hours ago
The group received massive backlash on social media from the show's fans for their trouble.
21 hours ago
The two had become close friends during their time on the show, which saw Jennings become a legend.
23 hours ago
The contestant had seemingly broken a few things that belonged to her father in her younger days.
1 day ago
At a price of just $4.99, the rotisserie chicken is one of the most popular Costco items.
1 day ago
The audience member let out a large cheer when a contestant said what an ex could teach a wife.
1 day ago
McMillon did not say that there were going to be layoffs, but that has been the theme at other places.
2 days ago
Most shoppers are aware of Costco's warehouse stores but that's not all they have.
2 days ago
These deals will be available until November 16, so it's best if one hurries and gets the products for cheap.
2 days ago
The contestant made Harvey laugh harder than a lot of people have in recent history.
2 days ago
The business will be focusing mainly on its home state and aims to accelerate growth just there.
2 days ago
The contestant said that a lot of people believed she looked like Disney princess Snow White.
5 days ago
The expert valued the item at a lot less than what the guest wanted for it.
5 days ago
The host could not stop laughing for a while after hearing the answers.
5 days ago
The unprecedented halt of SNAP benefits and tarriffs will hurt the supermarket chain.
5 days ago
These days, the sale starts way before the actual Black Friday so that customers can beat the rush.
5 days ago