The Four Day Work Week - Here's What You Need To Know

The way we work is in constant flux. Old assumptions about the best way to work are being questioned. New ways of doing business are being tested against productivity measures, return on investment and benefit to employees. A hot topic at the moment is the four day work week, but will it work for everyone? The reality is that absenteeism is a major ongoing problem in Australia. The rate of absenteeism across the country continues to rise, with as much as 5% of the Australian workforce calls in sick on any given day. To put it another way, this means that in a company with 20 employees, there will be one absence every single day. An unexpected employee absence can cost a business as much as $340 a day, while the annual cost to the Australian economy of lost productivity through absenteeism is a staggering $33 billion, with a total of 92 million working days being lost through unexpected absences. Whether it is a sign of entitlement or burnout, the impact these levels of absenteeism have on business are significant and some businesses are trying different ways of working in an effort to transform this challenge.

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