HOVE, England — Two workers glide between a computer screen and a stainless steel vat making face cream, a scientist in a white coat mixes a formula and a colleague sticks labels on bottles. Apart from the whir of machines, there is silence: this is 'deep work time' at British skincare maker Five Squirrels when staff strive to boost productivity...
Lilly Ellis, Production Executive works on skincare products at 5 Squirrels, a skincare company, in Hove, UK April 18, 2023.HOVE, England — Two workers glide between a computer screen and a stainless steel vat making face cream, a scientist in a white coat mixes a formula and a colleague sticks labels on bottles.
Productivity — or economic output per hour worked — grew at an average of just over two per cent a year in Britain from the 1970s until the run-up to the financial crisis, underpinning a steady rise in living standards. The vast majority said overall productivity and performance were maintained, though for some firms the need to work longer hours on the four working days meant they failed to cut a full eight hours from the week.
Stellar Asset Management's chief operating officer Daryl Hine said the financial services firm introduced new technology to streamline and automate processes when it moved to four days. But even so, he believes there is a moral case to try a shorter week when many workers report poor mental health. Other countries are trialling options. Spain is spending 10 million euros to subsidise small manufacturers so they can cut working hours by at least 10 per cent while maintaining pay in an upcoming two-year trial.
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