UK Online Bank moves to 4-day week

Atom Bank claims to be the “largest UK company to launch a four-day week”.

British online bank Atom Bank on Tuesday announced the start of a four-day week without pay cuts for all its employees, saying it wants to enhance the well-being of employees as much as its productivity.

The pandemic has prompted many companies to rethink their operations amid reduced telecommuting and attendance times.

For example, in late 2020, the New Zealand subsidiary of food giant Unilever began experimenting with a four-day week.

Atom Bank claims to be the “largest UK company to launch a four-day week”.

give time to employees

The new work organization was introduced on 1 November and was adopted by a majority of 430 employees, who reduce their weekly working hours from 37.5 hours to 34 hours, for the same total pay.

Atom Bank says Covid-19 has “changed the way we live and work forever”, which it says wants to “rethink the nature of work in order to prolong working life, use technology” Positive impact and flexibility of work”.

The bank says it will continue to operate seven days a week and also said it has “seriously studied” the effects of the four-day week, ensuring that the company’s “no harm to customer service or operations.” There will be no risk”.

The change in work habits during the pandemic has shown that “many jobs can be done from home efficiently and productively,” the bank’s chief executive, Mark Mullen, said in the statement.

“We believe that the time has come for the next evolution in the world of work” that will give employees time to “pursue their passions, spend time with their families, and strike a healthy work-life balance.”

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