One UK bank is diving headfirst into the new world of work. Atom Bank has officially become the UK’s largest employer to introduce the four-day work week – without cutting employees’ pay.
The bank’s chief executive put it best: “We believe the 20th century concept of a five day week is, in many cases, no longer fit for purpose for 21st century businesses.”
What else matters this week?
Cosmetics retailer Lush is quitting social media. Is it about to be trendy to be anti-social?
Hang onto your hats, coffee addicts. Your daily cup of Joe is about to get a little more expensive.
It may seem harmless to throw yourself into your work, non-stop, but the dangers of overworking are very real.
Will Apple revolutionize the self-driving car industry?
Norway’s campaign to get its citizens to adopt electric cars may have been a little too effective.
We’ve got a full breakdown of all the top headlines you can’t miss this week.
#1. Women are turning to gig work for flexibility amid the pandemic.
Kara Moore, mom of three, returned to the workforce last year after nine years as a stay-at-home mom. But she found that she struggled to find a job, even after a decade working in corporate America.
Instead, she took a job with a local school district.
But when the pandemic hit, her role was eliminated. Instead, she signed up to work at Instacart. She now makes five times what she did at her previous position.
"If I was working in an office, corporate-style job, I would be paying for daycare and I wouldn't have been able to afford it," Moore told ABC News. "Now I'm home every night with my daughters. I'm able to take them to sports and be home with them for homework. I can take off if my kids are sick."
Moore is one of many women who moved to the gig economy during the pandemic, motivated by the flexible schedule and the opportunity to make up for lost income.
"In the past year, more women than men are coming to DoorDash to make up for lost income and to cover expenses," said Elizabeth Jarvis-Shean, the company's vice president of communications and policy. "When you think about the pandemic and the disproportionate impact on women, it makes a lot of sense that a flexible schedule that allows them to set their own hours is something that can be appealing."
The perspective: Instant delivery services have the potential to create real jobs while meeting consumer needs efficiently. But if the gig economy is to offer the protections and job quality that workers rightfully expect, all stakeholders must embrace certain responsibilities that amount to a New Social Contract. Read our full report and whitepaper here.