a three-day work week would no doubt be an even bigger draw we were using netflix as an example so let's start with them if they rolled out the three-day workweek for their hq staff they would be flooded with applications from people looking to jump ship from other companies in the valley netflix would be able to pick and choose the very best programmers producers and managers without offering them higher salaries in the short term other companies in similar industries would almost be forced to follow suit over the course of a few years even companies outside of the tech sphere would be pressured to do the same top students would be incentivized to go into tech for its work-life balance and fields like finance law and medicine would either have to offer similar arrangements or offer more money to ensure that they could still attract new graduates some roles would really need to maintain the working hours in my experience investment banks would probably just offer higher salaries and that's fine but your average company that wants to attract the average workers will probably do what companies do best and take the cheaper option that leads us on to the next big advantage this arrangement will be cheaper there are huge costs involved in running an office every day rent is a big one but the pandemic has shown that it might not be worth paying companies have been on a spree of downsizing their office spaces as most professional work gets done from home a three-day work week could have the same effect on rents companies would have offices that lay empty for a majority of the time which gives them some options they can rent out the office to another business but that would really depend on what a three-day work week looks like if it's staggered then this office sharing could work really well but if people decide that the new week is tuesday to thursday then obviously the demand won't be there from friday to monday but even if businesses can't cut down on rent directly there are other variable costs involved in running an office cleaners would have to come in three nights a week instead of five electrical consumption will be cut and even wear and tear on things like elevators would almost be cut in half we don't really think about these costs but they can add up to tens of thousands of dollars a month for even a small inner city office assuming your company doesn't pay for your work related electricity and internet working from home has already pushed a lot of these costs onto the workers a three-day work week would reduce them even further so a three-day work week does mean losing some man-hours but the benefits are really starting to add up here but probably not enough for a big company to take the risk just yet unless we think back to the lessons of ford in the NUMBER_TOKENs the greatest advantage to the businesses that could make this change today is the growth of their services if you had four days off you would probably end up watching a lot more netflix playing a lot more video games and mindlessly scrolling through a lot more facebook posts you can't lie to yourself and say that you would use this extra time to exercise or start painting but even that would involve paying for a gym membership or an easel people with more time have more time to spend money more time to watch ads more time to hand over all their precious data a three-day work week would provide a massive upset to the very same companies who are best suited for being the first to offer this to their employees now if
NO_SEGMENT_TOKEN