You are here: Home - Household Bills - News -

Quarter of workers would accept pay cut for four-day working week

Written by:
One in four employees (25%) would accept a wage cut of as much as 20% if they could move to a four-day working week.

That’s the result of a new study by office designers MoreySmith, which polled workers on their revised expectations for work following the changes to our working habits brought about by the pandemic.

Just 14% said they were opposed to the possibility of switching to a four-day week, with more than two-thirds (70%) in favour of such a move.

The poll also suggested that the traditional nine-to-five may become a thing of the past, with two-thirds of staff saying that flexible start times will be an important factor in their decision to return to the office. 

There are also changing expectations around what employers will need to offer. More than one in three (35%) want secure bike facilities and showers on site, while one in five (19%) want the option of bringing pets to work.

Linda Morey-Burrows, founder and principal director of MoreySmith, said that while younger people were more keen on a return to the workplace, and the more social working environment it brings, those with long commuters or young families are more reluctant to move away from home working.

She continued: “As this polling demonstrates, it’s essential that workspaces are designed to encourage and stimulate this return to work. Offices must be designed to cater for the new world with flexibility, comfort, outside spaces and sociability in mind.”

Green shoots for jobs

The jobs market appears to be in improving health as the economy recovers from the pandemic. The latest figures from the Office for National Statistics show that unemployment dropped to 4.8% in the first quarter of 2021, 0.3% lower than in the previous three months. There has also been an increase in listed job vacancies.

There remain concerns over possible divides over who is most at risk of job losses though. Analysis by the TUC found that unemployment among BAME workers is rising at three times the rate as that of white workers.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Unfamiliar banks woo savers with top rates…is your money safe?

If you’ve been keeping an eye on the savings best buy tables, you’ll have noticed some unfamiliar names lu...

What the base rate rise means for you

The Bank of England has raised the base rate by 0.25% to 0.5% – following on from the increase from 0.1% to ...

How to get help with your energy bills

The rise in the energy price cap from April will mean millions of households will pay hundreds of pounds a yea...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week