British fintech Atom Bank, which employs 430 employees, switched to a four-day working week on November 1, the company said in a statement on Tuesday. Contractual working hours will be reduced by 3.5 hours. up to 34 hours per week with no change in salary, writes Bloomberg.
Default holidays for most employees are Mondays or Fridays, with the exception of those working in operational and service roles.
While we recognize that a four-day workweek will not be appropriate for all workplaces, the transition to work from home has proven that work practices that may have seemed years away can be quickly introduced, said CEO Mark Mullen, quoted as saying in a statement.
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“We strongly believe that this will prove beneficial to the well-being and happiness of our employees and that it will have an equally positive impact on business productivity and customer experience,” he added.
Atom Bank opened in April 2016. It offers savings accounts, mortgages and business loans and had £ 2.7bn of total credit assets under management at the end of March, according to its annual report which is cited by Bloomberg.