How to Secure the Best Talent

Businesses are doing their best to meet the needs of candidates because they know that it is a candidate-driven market. Companies are going head to head to offer the best salary and benefits, but there is one benefit that may outshine others. 

The four-day workweek is a new concept, but it is a perk that most candidates want and would accept a job to gain. In a recent study conducted by LinkedIn with over 19,000 participants, 54% of Americans would consider a four-day workweek a top three benefits. 

55% of Entry-level candidates surveyed this as a top 3 benefit, 59% of Managers, 58% of Directors, and 43% for VP level and above. We believe managers surveyed heavily in favor of having a four-day workweek because most of the responsibilities fall on them, and they have become more burned out and overworked as of recently. 

Before the pandemic, the concept of a four-day workweek seemed impossible, honestly almost laughable. Then came the lockdown due to covid-19 proved that employees value their work-life balance more than any other work-related benefit.

Employees want time back to enjoy their lives, and the four-day workweek could be the most significant benefit when looking for talent. More specifically, 57% of women compared to 51% of men surveyed in favor of the four-day work week, and to get more in-depth, 64% of Millenial and 63% of Gen Z participants surveyed for this benefit. 

While this benefit seems to be the next big push for candidates' needs, the proof is not in the pudding. Although 54% of Americans want this workweek structure, only 6% of companies in the U.S. currently offer this benefit. 

The reason why most companies have not implemented a new structure is that they fear productivity will drop. Cisco has begun to test the introduction of the four-day work week, and it is comparing the level of productivity of a 10-hour workday versus every other Friday off. 

The popularity in the scope of the four-day workweek is partially due to the state of California proposing a bill that states companies will have to pay their employees the same wage for working 32 hours (aka a four-day workweek) compared to 40 hours. 

If you are a company looking to hire the best talent and harness a positive company culture where employees are happy, we recommend sitting on the idea of a four-day workweek. Innovators will come out on top, and those that execute this benefit first will see the best results in employee satisfaction. 

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