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95% of Irish professionals in favour of a 4-day working week
March 2023
95% of Irish professionals would favour a four-day working week, despite fewer workplaces offering the option than last year. The number of workplaces that have either implemented or are trialling a four-day working week has dropped from 6% in 2022 to 3.5% per cent in 2023, according to a new survey by Hays Ireland. The leading recruiter surveyed over almost 1,000 (973) employers and professionals across Ireland.
Seeking a change?
73% of Irish professionals would consider moving to a different organisation to avail of a shorter working week, a rise of almost ten per cent on last year’s figure (64%). Just five per cent said they would not leave their current role if the option presented itself in another organisation, while 22% said it would depend on the opportunity.
How close are we?
The vast majority of those surveyed thought that the four-day working week will become a reality within the next decade 81%, with only 19% of the opinion that it will never come into being.
Amongst companies in Ireland to trial a four-day working week, 88% of employees said that it has had a positive impact on their professional life. The same number (88%) found that it was beneficial to their personal life.
The vast majority of professionals would see the positive benefits of an additional day off, with 89% believing it would have a positive effect on employee mental health and well-being. 59% thought that working one less day would be beneficial for organisational productivity, one-third (33%) thought it would improve employee living standards, while close to half (47%) thought it would have a benefit on talent attraction and retention.
Employer concerns
Approximately half (51%) of all employers are concerned about its potential impact on productivity. Almost the same number (47%) said they were not prepared to switch to a four-day week for operational reasons, while 22% said they couldn’t consider it for financial reasons. 20% of employers were concerned the change could increase pressure on staff.
Hybrid working still favoured over the workplace
However, the option of hybrid working five days a week is preferred to working a four-day week with every day in the office. 55% of professionals would prefer hybrid working five days a week compared to 45% who would choose to work a four-day week with every day spent in the office.
How would respondents spend the extra time?
Most respondents (75%) said that they would use the extra day for leisure time, including exercise and hobbies. 71% would spend time on life admin, while 70% would choose to spend more time with friends and family. 44% would use the time for self-development, such as learning a new language and just over a fifth (21%) would volunteer.
Lessons from abroad
While the introduction of a four-day week may seem quite a way off in Ireland, the concept has been gaining traction across the Irish Sea. Last month, the results of a six-month trial involving 61 companies in the UK revealed that 92% opted to continue working four days when the trial had ended.
Myriad benefits were said to include improved employee well-being and work-life balance. Employers too reaped the rewards from the new arrangement. Simon Ursall, the managing director of landscape consultancy Tyler Grange told The Guardian's Today In Focus podcast that the trial had been transformative for his business. Further to improving employee happiness and productivity, Ursall said his business was substantially more profitable and all while working one day less but paying employees the same.
Society and the environment were also positively impacted, Ursall said. More of his employees participated in voluntary activities, while the company's CO2 emissions plummeted by almost 30%.
Maureen Lynch, Operations Director at Hays Ireland said,
“Since the emergence from the pandemic restrictions, employers have begun to reconsider the workplace environment. The switch to remote and hybrid working models has proven hugely successful. All professionals have embraced these new ways of working with the four-day working week becoming the latest idea to enhance employers’ differentiation from competitors.
“At face value, for many employees, the prospect of a four-day working week is extremely attractive. However, what this looks like in practice may be dependent on the industry and jurisdiction. For some employers, this means reducing the number of hours in the traditional 40-hour working week, for others, it means compressing 40 hours a week into four days rather than five.
“While the number of employers currently offering a four-day working week is still extremely low, this research suggests that this may change within the next ten years with employees seeking more appealing and flexible working options. At a time when the market has never been more competitive, the proposition of a four-day working week may present an exciting new opportunity for employers to differentiate themselves from their competitors, especially those that do not offer a hybrid working option.”
-ENDS-
About the research: The survey was carried out in February 2023 among 973 employers and professionals.
Contact
For more information contact:
David Fleming Account Supervisor 360, A Finn Partners Company T: 086 342 0289 E: david.fleming@finnpartners.com
Eoin Delaney Account Executive 360, A Finn Partners Company T: 087 358 4485 E: eoin.delaney@finnpartners.com
Paddy O’Dea Partner 360, A Finn Partners Company T: 086 357 3365 E: paddy.odea@finnpartners.com
Hays plc (the "Group") is the world’s leading specialist in workforce solutions and recruitment, such as RPO and MSP. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK, Germany and Australia and one of the market leaders in Continental Europe, Latin America and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 30 June 2022, the Group employed c.13,000 staff operating from 253 offices in 32 countries. For the year ended 30 June 2022:
– the Group reported net fees of £1,189.4 million and operating profit of £210.1 million;
– the Group placed around 83,750 candidates into permanent jobs and around 250,000 people into temporary roles;
– 16% of Group net fees were generated in Australia & New Zealand, 26% in Germany, 22% in United Kingdom & Ireland and 36% in Rest of World (RoW);
– the temporary placement business represented 55% of net fees and the permanent placement business represented 45% of net fees;
– Technology is the Group’s largest division, with 26% of net fees, while Accountancy & Finance (14%) and Construction & Property (11%), are the next largest
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA
