Atom Bank Won’t Cut Pay With Its Four-day Work Week

Share post:

Atom bank recently introduced a four-day week for its staff and insists the changes will have no impact on their salaries.

Atom Bank chief executive Mark Mullen said the move was voluntary, but staff would have to work longer on the days they are in.

Employees will now work 34 hours within four days a week, up from 37.5 hours five days a week, Mullen said, adding that workers will receive the same pay and enjoy a “three-day weekend in perpetuity.”

While the move comes at a time when people are clamoring for shorter working days, Mullen said the move was influenced by the pandemic as the company seeks to provide the help needed to improve workers’ well-being.

He explained: “Before Covid, the conventional wisdom was you had to commute in, sit at a desk all day and repeat that process when you commuted home. Covid showed us that it wasn’t necessary…I think doing 9-5, Monday to Friday is a pretty old-fashioned way of working.”

For more information, read the original story on the BBC.



Related articles

Apple enforces return-to-office policy

In an effort to enforce its return-to-office policy, tech giant Apple is reportedly tracking in-person employee attendance via...

Accenture to cut 19,000 jobs

Accenture Plc announced its plan to cut 2.5% of its workforce, equivalent to 19,000 jobs, after lowering its...

Indeed to cut 2,200 jobs

Indeed, a job search platform based in the United States, announced the elimination of approximately 2,200 jobs, or...

Google former employees demand public commitments from CEO

Google is facing criticism as laid-off employees' band together to demand public commitments from Alphabet CEO Sundar Pichai. Over...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways