Fresno Financial Consultant News: Coronavirus Silver Lining: Permanently Shorter Workweeks?

Fresno Financial Consultant News: Coronavirus Silver Lining: Permanently Shorter Workweeks?

While technology and engineering advances have exponentially increased productivity throughout the past century, 40-hour workweeks are still the norm. Meanwhile, countless companies throughout the U.S. and the world have found that shorter workweeks make employees more productive.

Studies show that a four-day week can boost productivity by as much as 40%. Workers spend their limited time focused on the most important tasks to get their job done and less time sitting in lengthy meetings, chatting, emailing and surfing the web. Better yet, a study by Henley Business School found that 77% of workers report that the four-day workweek improved their quality of life.1

Reducing work hours also happens to be good for the environment. Thousands of office buildings closed one extra day a week can significantly reduce carbon emissions associated with utilities and commutes. Some companies implemented shorter workweeks as a short-term solution during the pandemic. However, if more businesses permanently transitioned to this labor model, it could help resolve longer-term issues related to productivity, burnout and work-life balance.

Fresno Financial Consultant Takeaways 

When searching for Fresno financial advisors, look no further than Soutas Financial & Insurance Solutions Inc. your Fresno retirement planning advisor is committed to helping take the complexity out of retirement planning. By using a variety of insurance and investment strategies that focus on Asset Protection, Long-Term Care Strategies, Legacy Planning, Tax-Efficient, Strategies IRA, 401(k) & 403(b) Rollovers, Life Insurance, Annuities, Medicare, we can help you develop an overall retirement income strategy specific to you and your family. We have a strong team of professionals helping ensure you receive all the assistance you need not only in developing your retirement income strategy, but in maintaining it throughout your retirement. Contact us today at 559-230-1648 or visit us today at Soutas Financial to get your retirement plans on track for success!

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1 Alex Soojung-Kim Pang. The Atlantic. April 30, 2020. “To Safely Reopen, Make the Workweek Shorter. Then Keep It Shorter.” Accessed June 2, 2020.

The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. If you are unable to access any of the news articles and sources through the links provided in this text, please contact us to request a copy of the desired reference.

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