Atom bank set to make four-day week permanent in 2024


Atom bank has revealed it plans to push forward with a permanent four-day week for all its employees in 2024, after a successful trial period this year.

According to Finextra, in November last year the bank took a lead in becoming the first uK bank to move employees to a four-day working week.

In an update in August, the bank said the measure had proved overwhelmingly positive in terms of both job satisfaction and productivity.

One aim of the introduction of a four-day week was to attract and retain talent more effectively. Atom reported a 49% increase in job applications in January 2022, compared to January 2021, and headcount growth from 461 in November 2021 to 480 in June 2022, thanks also to a reduction in the number of departures.

Atom says this has been vital, with the fight for talent becoming fiercely competitive following the widespread adoption of hybrid working following the pandemic.

Atom bank chief people officer Anne-Marie Lister said, ?Moving to a four-day week has not been without its difficulties, however, it is one of the most transformative things weve done as a company. Since we launched our trial in November 2021, we have not only seen a more productive, healthier, and, crucially, happier workforce, but our customer service metrics are at record highs and more people are looking to start a career with Atom.p>

?Sceptics may argue that a business couldnt grow under a four-day week, however, this year has been one of continued progress and development at Atom.p>

Copyright ? 2022 FinTech Global

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