The world is slowly emerging from a pandemic that prompted many people to re-evaluate their work-life balance. As a result, some companies and workers are asking: can we work less?
Enter: the 4 day work week. This week, one French company shares their overwhelmingly positive results from their year-long trial of the four day workweek.
What else matters this week?
Nestle justifies staying in Russia, as criticism mounts.
The rush to use fossil fuels amid the Ukraine war is “madness,” officials say.
How to show off your soft skills when applying for jobs.
Goldman Sachs becomes the first major Wall Street bank to execute over-the-counter crypto transaction.
How to use AI to streamline recruitment processes.
We’ve got a full breakdown of all the top headlines you can’t miss this week.
#1. How the four-day workweek boosted revenues by 40% for one French firm.
When French company LDLC decided to trial the four-day workweek on the same pay as before, boss Laurent de la Clergerie knew he risked hurting his bottom line.
“Some people took me for a crazy person,” he told WEF.
But one year later, Clergerie the opposite has happened. The company has increased its annual turnover by 40% without hiring anyone new.
The secret? His approximately 1,000 employees feel trusted, appreciated, and valued. In turn, they’re more productive.
"At the end of the day, it's brought only good things for the team," said 51-year-old de la Clergerie.
Read more in the World Economic Forum.