WEBVTT #Elemental Media Engine(TM) 2.17.1.0 00:00:02.085 --> 00:00:05.547 Well, Twitter staff is once again shrinking employees 00:00:05.672 --> 00:00:08.967 reportedly resigned on moss that means a bunch of them at the 00:00:09.092 --> 00:00:13.555 same time after billionaire boss Elon Musk presented them with an 00:00:13.680 --> 00:00:18.226 ultimatum. He said, Get hardcore or get out. Let's pause this 00:00:18.351 --> 00:00:22.147 video. Notice something the wealthiest guy on the planet 00:00:22.272 --> 00:00:26.693 told his employees to work long hours and some of his employees 00:00:26.818 --> 00:00:31.614 said no, goodbye. Musk's hardcore ultimatum comes at a 00:00:31.740 --> 00:00:35.535 time when a four day or shorter workweek is gaining momentum, 00:00:35.660 --> 00:00:39.873 thanks in part to the pandemic, the pandemic is a big part of 00:00:39.998 --> 00:00:44.252 why we're back on the path. The fact that people don't want to 00:00:44.377 --> 00:00:51.718 work so many hours. And the fact that there are labor shortages 00:00:52.010 --> 00:00:56.347 in a lot of places. So that all pushes us in the direction of 00:00:56.473 --> 00:01:01.144 work time reduction, the idea of reducing work time has been 00:01:01.269 --> 00:01:06.608 around for quite some time. However, it is real now 1000s of 00:01:06.733 --> 00:01:11.279 companies around the world are actually reducing work time in 00:01:11.404 --> 00:01:12.572 one way or another. 00:01:14.032 --> 00:01:18.620 We idolize Elon Musk because of his wealth, not because of his 00:01:18.745 --> 00:01:23.249 hustle. And the idea that hustle is connected to wealth hasn't 00:01:23.374 --> 00:01:29.130 necessarily been proven, because everyone who is wealthy is not 00:01:29.255 --> 00:01:33.051 necessarily wealthy because of the work they put in the great 00:01:33.176 --> 00:01:37.472 resignation or the great transition. Quiet quitting four 00:01:37.597 --> 00:01:42.644 day workweeks hybrid workweeks is all about how do I spend more 00:01:42.769 --> 00:01:47.774 of my time being efficient at work and doing what I want to 00:01:47.899 --> 00:01:52.112 do. And I think that's the big movement. It's a purpose 00:01:52.237 --> 00:01:53.988 movement, the passion movement. 00:01:58.034 --> 00:02:03.790 The four day work week that we're talking about is not for 00:02:03.915 --> 00:02:08.878 10 hour days. So it's not a 40 hour work week, but a 32 hour 00:02:09.003 --> 00:02:14.759 work week done over four days. And the other crucial part of it 00:02:14.884 --> 00:02:20.932 is that workers are not being asked to give up pay, so they're 00:02:21.057 --> 00:02:26.229 getting five days of pay for four days of work. And when 00:02:26.354 --> 00:02:31.025 Henry Ford turned out his five day work week is largely 00:02:31.151 --> 00:02:36.281 attributed to Henry Ford decades ago, Henry Ford experimented 00:02:36.406 --> 00:02:40.451 with it under the theory that if we reduce it to five days, 00:02:40.577 --> 00:02:43.204 people have more energy in the five days that they're there and 00:02:43.329 --> 00:02:46.040 they'll be more productive and attended to work out. Well, 00:02:46.166 --> 00:02:51.045 lawmakers took Ford's experiment to notice and in 1938, Congress 00:02:51.171 --> 00:02:55.091 passed the Fair Labor Standards Act limiting the workweek to 44 00:02:55.216 --> 00:02:58.678 hours, which was amended the next year to shrink it to 40 00:02:58.803 --> 00:03:03.183 hours. This is how a five day work week became a reality for 00:03:03.308 --> 00:03:07.020 us. working five days a week is going to be consigned to the 00:03:07.145 --> 00:03:10.773 history books just as the six day work week and the seven day 00:03:10.899 --> 00:03:17.363 work week, what 21st century, we see now that we will not work 00:03:17.488 --> 00:03:21.159 the amount of hours that we do now. We will have a better 00:03:21.284 --> 00:03:25.830 society. And so this is the future of work. 00:03:30.376 --> 00:03:33.671 A nonprofit group called four day week global recently 00:03:33.796 --> 00:03:37.800 concluded a six month four day week pilot program in more than 00:03:37.926 --> 00:03:42.055 30 companies with about 1000 employees in countries including 00:03:42.180 --> 00:03:45.975 the US, Ireland and Australia. The study found that companies 00:03:46.100 --> 00:03:49.812 expressed extreme satisfaction with their overall productivity 00:03:49.938 --> 00:03:55.777 and performance company revenue also rose by an average of 8.14% 00:03:55.902 --> 00:04:01.032 throughout the trial and by 37.55%, compared to the same six 00:04:01.157 --> 00:04:06.412 month period in 2021. Similarly, the midpoint survey of their UK 00:04:06.537 --> 00:04:10.333 experiment, which began in June found an overall increase in 00:04:10.458 --> 00:04:14.087 productivity. The final results from that trial which includes 00:04:14.212 --> 00:04:18.591 more than 70 companies with 3000 employees are due in February 00:04:18.716 --> 00:04:23.888 pilot program for the four day work week that we implemented in 00:04:24.013 --> 00:04:30.019 June last year, and it continues to go today and we are seeing 00:04:30.144 --> 00:04:33.648 very positive results in terms of our employee health from it. 00:04:33.773 --> 00:04:36.359 The one thing I think is important to note is that 00:04:36.484 --> 00:04:42.115 productivity is relative. And so for us productivity aligns 00:04:42.240 --> 00:04:46.703 directly with the positivity, the happiness and the health of 00:04:46.828 --> 00:04:51.666 our employees. 82% of our employees reported that they 00:04:51.791 --> 00:04:56.671 were experiencing more health and well being as a result of a 00:04:56.796 --> 00:04:58.089 four day workweek. 00:05:02.051 --> 00:05:06.139 It's important to understand that the four day week is 00:05:06.264 --> 00:05:09.767 relevant not just for white collar workers, but for blue 00:05:09.892 --> 00:05:13.688 collar workers too. And pink collar workers. Many of the 00:05:13.813 --> 00:05:18.860 firm's that we see doing it today are white collar firms. So 00:05:18.985 --> 00:05:22.905 the tech firms have been leading on this but we're also seeing it 00:05:23.031 --> 00:05:28.619 in finance, marketing, design, etc. It's not only those firms, 00:05:28.745 --> 00:05:35.918 we have healthcare firms in our trials, we have restaurants, we 00:05:36.044 --> 00:05:43.092 have retailers, it's rooted in flexibility. It's rooted in your 00:05:43.217 --> 00:05:49.015 ability to have your employees work, assign or my hours and 00:05:49.140 --> 00:05:53.102 then have them be more productive and have them have 00:05:53.227 --> 00:05:57.607 more belonging that's important regardless of where you work, 00:05:57.732 --> 00:06:03.654 whether it be a warehouse, or a shop or at a home office. Some 00:06:03.780 --> 00:06:07.200 organizations ditch this concept because it didn't work out for 00:06:07.325 --> 00:06:10.578 them. Alter agents, a market research company based in Los 00:06:10.703 --> 00:06:14.999 Angeles, California is one of those I had been reading about 00:06:15.124 --> 00:06:15.541 Reagan thought we should try to give it a go. And we told 00:06:15.666 --> 00:06:19.545 before David 00:06:19.670 --> 00:06:23.049 everybody the company, we were going to run this program for 10 00:06:23.174 --> 00:06:26.803 weeks. And at the end of the 10 weeks, we would survey them 00:06:26.928 --> 00:06:30.723 again and look at other metrics and decide if this was something 00:06:30.848 --> 00:06:34.268 that we could actually sustainably do. Everybody got to 00:06:34.394 --> 00:06:37.688 pick the day of the week that they were off. That's how we 00:06:37.814 --> 00:06:40.983 sustained it over the course of the 10 weeks. What happened 00:06:41.109 --> 00:06:45.655 after 10 Weeks was that our most valuable metrics, which were 00:06:45.780 --> 00:06:49.742 employee health, mental health have declined. In our pre post 00:06:49.867 --> 00:06:53.996 survey. There are a lot of reasons for that. But 00:06:54.122 --> 00:06:59.127 ultimately, the goal was to make our employees lives easier, and 00:06:59.252 --> 00:07:04.507 we were making them more complicated. I think the risk of 00:07:04.632 --> 00:07:08.970 the four day work week is around coordination, you've got to be 00:07:09.095 --> 00:07:12.598 very attentive to coordination of when people are are working 00:07:12.723 --> 00:07:15.101 and when they aren't. So you can get customer needs met. If you 00:07:15.226 --> 00:07:18.104 just implement a four day work week, and it damages customer 00:07:18.229 --> 00:07:22.650 relationships. That's pretty bad. If we look at overall 00:07:22.775 --> 00:07:27.071 across all employees, those who work four days a week 28% are 00:07:27.196 --> 00:07:31.159 engaged five days a week. 32% are engaged a little bit higher 00:07:31.284 --> 00:07:35.663 level of engagement for people who are on site for work five 00:07:35.788 --> 00:07:39.959 days per week, and 30% engagement for those who work 00:07:40.084 --> 00:07:43.337 six days per week. The big difference though, is when you 00:07:43.463 --> 00:07:47.258 look at people who are actively disengaged, so people who are 00:07:47.383 --> 00:07:50.219 really working against their organization or they really 00:07:50.344 --> 00:07:55.808 hate, you just say they hate their jobs. They're 15% of those 00:07:55.933 --> 00:07:59.562 who have a four day workweek are actively disengaged compared to 00:07:59.687 --> 00:08:05.151 17% with five days, and 21% the highest for those with six days. 00:08:05.276 --> 00:08:08.946 So the four days seem to result in less people hating their 00:08:09.071 --> 00:08:12.867 jobs, but it doesn't necessarily result in people being highly 00:08:12.992 --> 00:08:17.079 engaged in their work Chick fil A in Florida in Miami, Florida, 00:08:17.205 --> 00:08:21.375 I believe and the owner operator the franchisee has given 00:08:21.501 --> 00:08:26.255 employees the option of working a three day workweek, Justin 00:08:26.380 --> 00:08:30.593 Lindsey is the brain behind this he compressed 40 hours into 00:08:30.718 --> 00:08:35.056 three days, I came up with the three day work week concept 00:08:35.515 --> 00:08:38.976 through really just trying to look for ways to lead with 00:08:39.101 --> 00:08:44.398 generosity for my team, trying to find ways to care for my team 00:08:44.524 --> 00:08:49.195 and using scheduling as one of those taking out the guesswork 00:08:49.320 --> 00:08:52.114 and schedules. So they would know their schedules in 00:08:52.240 --> 00:08:57.245 perpetuity, the biggest thing that we that we saw was a really 00:08:57.370 --> 00:09:01.874 big boost in morale and positivity in the workplace, 00:09:01.999 --> 00:09:05.836 just because of the fact that they were coming in a lot more 00:09:05.962 --> 00:09:08.464 refreshed than what they had been previously, when they were 00:09:08.589 --> 00:09:11.759 working, you know, a long five day week, weekends in 00:09:11.884 --> 00:09:15.930 particular, were something that really started to notice a large 00:09:16.055 --> 00:09:19.225 increase in productivity because previously they worked every 00:09:19.350 --> 00:09:22.103 single Saturday. I think it's one anecdote of what of a 00:09:22.228 --> 00:09:29.569 manager listening to his or her employees and thinking about the 00:09:29.694 --> 00:09:33.990 business at the same time and meeting both objectives at the 00:09:34.115 --> 00:09:39.120 same time. So if productivity isn't hampered if customer needs 00:09:39.245 --> 00:09:43.291 aren't hampered, and it results in higher well being for those 00:09:43.416 --> 00:09:46.586 employees, and I think it's a creative solution, there are 00:09:46.711 --> 00:09:53.217 people who prefer that I won't deny that. And people have long 00:09:53.342 --> 00:09:58.931 commutes or people who have to share childcare with a partner 00:09:59.056 --> 00:10:04.270 and so forth. Those kinds of schedules can be very appealing, 00:10:04.395 --> 00:10:07.982 but I think they're not healthy for people. 00:10:12.486 --> 00:10:15.906 Several countries are touting the idea of implementing a four 00:10:16.032 --> 00:10:20.369 day workweek in 2021. Japan proposed a four day workweek and 00:10:20.494 --> 00:10:24.332 its annual economic policy guidelines. This week, the 00:10:24.457 --> 00:10:28.377 United Arab Emirates announced a plan to transition to a four and 00:10:28.502 --> 00:10:33.341 a half day work week starting in January in 2021, the United Arab 00:10:33.466 --> 00:10:36.260 Emirates became the first country to nationalize a 00:10:36.385 --> 00:10:40.181 workweek shorter than five days setting a cap at four and a half 00:10:40.306 --> 00:10:44.018 days. The four day workweek is not a foreign concept. Even in 00:10:44.143 --> 00:10:48.189 the work obsessed United States in the 1950s Richard Nixon, then 00:10:48.314 --> 00:10:51.776 Vice President predicted a four day workweek and fuller family 00:10:51.901 --> 00:10:55.655 life for Americans. In the quote, not too distant future. 00:10:55.780 --> 00:10:59.784 Nixon's prediction has yet to come true. A Southern California 00:10:59.909 --> 00:11:03.788 Congressman has introduced legislation that would change 00:11:03.913 --> 00:11:07.958 the workweek for most Americans from 40 hours, down to 32 hours.