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Could a 4-day workweek increase productivity?

According to a February 2023 Future Forum global survey, 42% of workers feel burned out. Employers are increasingly seeking opportunities to prioritize their employees' work-life balance. 4 Day Week Global Research Director Alex Pang joins Wealth! to discuss whether a four-day workweek could be the solution. Pang explains that a reduced workweek benefits both the employer and the employee, as productivity and retention rise while overall burnout decreases. "What we're finding is there are ways of using technology better, of making improvements in things like meetings...that allow you to create time that you can give back to people while also making work time itself more productive and effective," he tells Brad Smith. Pang also notes that a four-day workweek would not affect employee pay, allowing them to receive the same salary under reduced working hours. "The idea is that you're doing the same work," he explains, adding that it also serves as "a great incentive" to find efficiencies and innovate. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl