There’s been a growing consensus that switching from the traditional five-day, 40-hour workweek to just four days a week could be a recipe for success
Danny Meyer’s gourmet burger and milkshake chain is the latest company experimenting with a shortened schedule, its CEO Randy Garutti revealed at an investor conference in Las Vegas on Thursday, hoping that the new perk helps attract employees during this tight labor market. The turnover rate in the hospitality sector was more than 70% for the second year straight, according to the Bureau of Labor Statistics, and three in 10 restaurateurs say staffing is a challenge.
“We’re not promising it yet,” he added, “but it’s something we’re having fun trying, and seeing how our leaders like it on a recruiting basis and ongoing retention basis.” It’s still the exception to the rule, however. A recent survey of 1,500 workers and 600 human resources found that about two in three workers said they wanted to work less than five days a week, but just 17% of their workplaces offer that option. Still, an separate Society for Human Resource Management survey found that 43% of companies offer four-day workweeks to “some” employees, and 10% offer the perk to all or most of their teams.
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