Atom Bank introduces four-day work week without loss of salary

- Advertisement -


a

The digital bank has become the UK’s largest employer with no change in employee salaries.

- Advertisement -

Atom Bank, a challenger bank established in 2013, this month introduced the option of a 34-hour working week spread over four days.

- Advertisement -

Most of the bank’s 430 employees have opted for a four-day week, as opposed to the old 37.5-hour work week spread over five days.

Mark Mullen, CEO of Atom Bank, said the move would allow employees to spend more time on their passions and increase productivity.

- Advertisement -

“We believe that the 20th century concept of a five-day week is, in many respects, no longer appropriate for the purpose of 21st century businesses,” he said.

“Its introduction originally allowed for the setting of the weekend, which included all benefits for employees.

“At Atom, we think the time is right for the next evolution in the world of work.”

By business, Monday or Friday is expected to be the default day for most employees.

The move comes as the pandemic continues to shape the workplace, with many workers continuing to work from home and not in the office.

Mr Mullen said, “While we appreciate the four-day work week for all workplaces, the move to work from home has proven that working practices that seemed years away are increasingly being can be offered.”

Earlier this year, a review chief reviewing government workplaces said a four-day work week could be the new normal after Covid.

Peter Cheese, chairman of the Flexible Working Taskforce, said if there’s one thing going to change after the pandemic, it could be the standard five-day week.

“And it can emerge in many different forms, one of which could be a four-day work week,” he said.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox