The shorter work week really worked in Iceland

Advertisement
Excerpt Bloomberg msn.com

Even as the Covid-19 pandemic forced companies around the world to reimagine the workplace, researchers in Iceland were already conducting two trials of a shorter work week that involved about 2,500 workers – more than 1% of the country’s working population. They found that the experiment was an “overwhelming success” – workers were able to work less, get paid the same, while maintaining productivity and improving personal well-being…

The trials also worked because both employees and employers were flexible, willing to experiment and make changes when something didn’t work. In some cases, employers had to add a few hours back after cutting them too much. Iceland did the trials partly because people were reporting relatively long working hours, averaging 44.4 hours per week — the third highest of Eurostat countries in 2018.

Participants in the Iceland study reduced their hours by three to five hours per week without losing pay. While the shorter work hours have so far largely been adopted in Iceland’s public sector, workers and managers used simple techniques to maintain productivity while cutting back on time in the office. As employees from Silicon Valley to Wall Street look for better ways to balance work and life, here are tips from four Icelanders.

Continue Reading at Bloomberg

Comments

VIP

Join the Conversation

VIP members get the ability to comment on articles.

Recommended

Trending on HotAir Videos