Would you rather have a pay raise or a reduction in the number of hours you're expected to work each week if you had the choice? This isn't a fun ice breaker; it's actually a very real concern for businesses throughout the world as the labor market continues to suffer from a skills shortage as a result of the Great Resignation.
The market is so narrow right now, that a recent Gartner study suggests that businesses are rethinking the traditional 9-5 environment in order to attract talent.
Is this the end of the traditional 9-5 working week?
Prior to 2020, this was the norm for the majority of employees. Companies cited limitations such as a lack of remote access, a need for collaboration, and a concern about staff’s performance if left unsupervised as reasons to keep employees in the office Monday to Friday.
Then the epidemic struck, and everything changed. Lockdown after lockdown gave us all a taste for remote working and the freedom that comes with it, without sacrificing productivity, bottom lines, or milestones.
We discovered that having no office structure gave us the ability to modify our workday to a schedule that fits our working style, such as scheduling meetings during down-time or allowing time for deeper work. We were also better able to find extra time each day to do chores or spend time with loved ones.
Numerous surveys conducted over the previous two years have shown that 91% of U.S. workers want to continue working on a hybrid basis, with more than half saying they would look for a new job if their ability to work from home and have some control over their schedule was loosened.
This is why corporations have no choice but to declare that the 9-5 as we know it is over.
For some businesses, getting ahead of the curve and ensuring a happy workforce has resulted in undertaking testing of four-day weeks without affecting salaries or looking at outcomes.
Microsoft saw productivity increase by nearly 40% following a trial in Japan, where workers were forced to stay on the same wage for four days, while still getting the same pay raise. Overall, productivity increased by 3.8 percent over the previous four quarters, while hours worked increased by 13.7 percent — demonstrating that the traditional 9-5 is not the only strategy to success.
If you've tried everything you can to make your workplace more flexible and new, but you're not seeing the fruits of your labor, it's time to move.
The majority of firms have adopted a more flexible work schedule, with Gartner predicting that those who don't adapt will continue to struggle with high levels of churn. This also damages company culture, as workers are forced to engage and produce in a manner that is no longer natural to them. This is especially true for Millennials and Gen Z workers, who desire the flexibility to work their productivity cycles.
If your employer refuses to give up, there are dozens of companies that are currently hiring on the VentureBeat Job Board, all of which are open to hybrid or fully remote working, depending on the role.
Airbnb is a service that allows you to stay up all night.
AirBnB is currently looking for a number of positions across its marketing division. Check out all available positions with the company.
Personify is a cloud-based company that enables faster and more personalized community management, with most roles available remotely. Job descriptions in Java, automation, and software development are available.
CrowdStrike is a crowd-strike movement.
Crowdstrike is a global cybersecurity company that protects sensitive information using cloud-native technologies. CrowdStrike's revenue increased by 61 percent year over year, with over 1,200 employees, half of whom work fully remotely. It is currently recruiting for fully remote roles across engineering, data analysis, and user experience.
Explore the VentureBeat Job Board for additional employment opportunities.