Employees Prefer 4-Day Workweek: Bank of America

A recent Bank of America survey found that 64% of employees desire a four-day workweek, making it the top requested benefit. Conducted over the winter with 955 employees and 804 employers, the survey reflects a growing preference for work/life balance over compensation. This  indicates that employees are prioritizing their personal time and well-being when making decisions about their employment, alongside financial considerations. As a result, understanding and addressing this need could be crucial for retaining talent in the competitive job market.

The survey  highlighted that 64% of respondents expressed a preference for a shorter workweek, while only 42% of employers are inclined to provide it. Thus, showcasing the challenges in meeting the increasing demand for a more balanced work schedule.

According to the report, this benefit remains rare and only a small percentage of job postings mention a four-day workweek as it does not suit every business model; it is an option that is only viable for companies capable of re-adapting their entire business operations to accommodate this new way of working, states Breathe HR. 

Nonetheless, the push for a four-day workweek has gained traction, driven by employees' increasing prioritization of personal time and work/life balance, according to HR Dive. While compensation remains fundamental, the survey highlights the importance of flexibility and well-being in the workplace.

In Mexico, 94% of employees would be in favor of adopting a four-day workweek, according to a survey conducted by OnePoll for Citrix. However, despite this stated preference, Mexico is known for its prolonged working hours, raising questions about the potential transformation of Mexico's labor landscape.