Four-Day Working Week Trial
Work four days, get paid for five.
Perpetual Guardian is embarking on a world-first: we are running an unprecedented productivity trial for six weeks, starting 5 March. As part of the trial, all our staff – more than 200 people around New Zealand – are being offered a free day off every week. All other employment conditions, including remuneration, are unchanged. Andrew Barnes, our founder and CEO, says the decision to test the new way of working is “the right thing to do.” He was inspired to conduct the trial by several global productivity reports and our recent internal survey, which asked staff how productivity, innovation and engagement can grow.
Christine Brotherton, our Head of People and Capability, says, “If employees are engaged with their job and employer, they are more productive. We believe efficiency will come with more staff focus and motivation, and this trial is a valuable and timely way to test our theories.”
Andrew says, “We want people to be the best they can be while they’re in the office, but also at home. It’s the natural solution.”
Now it is up to each team to work smarter and change processes to raise their productivity – and potentially make the four-day week permanent. By itself, the trial might not provide all the answers, but we believe it is a big step towards making business work better for people and the bottom line.
The value of this trial is such that academics are taking stock: we are engaged in discussions with a couple of New Zealand’s leading universities to measure the outcomes and publish results that will be of national and global interest. If the trial works, other companies will surely catch on, and the way we balance our personal and professional lives in New Zealand could change forever.
These are exciting times: watch some interviews about our world-first by clicking here.
Have questions? Feel free to get in touch with our People and Capability team.
Please direct all media queries to:
T: +64 9 347 1046
M: +64 21 259 3242