Medibank has decided to expand its four-day work week experiment after finding employees were just as productive and certainly happier with the program.
Medibank has decided to move another 250 employees to a four-day week, bringing the total number of participants in the trial to 500.
The change is based on the 100:80:100 model, in which staff keep 100 per cent of their pay but have their work hours reduced to 80 per cent. However, they must maintain 100 per cent of their productivity in order for the change to work.
So far, it’s working.
Medibank has said it has seen significant and sustained improvement in employee engagement.
less time was spent on unproductive and “low value work”, such as unnecessary meetings and double handling or duplication of reporting. That last bit sounds fantastic.
Let’s face it, we’ve all probably worked at least one job where there was a little time wasting, cutting a day off and having three-day weekends sounds like a blast.
What do you think? Should more companies offer this model
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