New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

Business

Why companies are canceling summer Fridays

by admin June 17, 2024
June 17, 2024
Why companies are canceling summer Fridays

The share of workers who say they get summer Fridays has dropped dramatically in recent years.

Just 11% of North American workers say they have access to summer Fridays, according to a November 2023 survey from Gartner of more than 1,100 people. In 2019, however, 55% of organizations offered the benefit, and until that point its popularity had been growing for years.

It’s possible companies are doing away with summer Fridays, the policy that allows workers to take a few hours or the entire day off during summer months, now that work-from-home Fridays are becoming more common in hybrid workplaces, says Caitlin Duffy, senior director in the Gartner HR practice.

But organizations should be cautious of seeing the different types of flexibility as having the same benefits, she says, especially during what she calls a “well-being crisis” when employee burnout and disengagement are high.

“Organizations may see them as interchangeable, but there’s something different about being completely off and disconnected than there is working remotely,” Duffy tells CNBC Make It.

Some companies have made headlines for scaling back on workplace flexibility that emerged during the pandemic. For example, Goldman Sachs came under fire last year when it mandated staff return to the office five days a week, effectively prohibiting the practice of staffers working remotely on Fridays and getting an early start on the weekend. JP Morgan Chase, Boeing and UPS have also increased RTO requirements for some parts of their workforce, though businesses mandating full-time office attendance make up a small share of the Fortune 500 companies.

Duffy says organizations should consider how reducing workplace flexibility will impact their employees before imitating what their competitors are doing.

“Leaders are looking to their peers to get a sense of what others are doing, especially if they’re competing for the same talent,” Duffy says. “But we have heard HR leaders still say they’re concerned about the impact of return-to-office on their ability to attract and retain talent.”

Kyle Lacy, 40, is part of a group bucking the summer Friday slide. Lacy is the chief marketing officer at Jellyfish, an engineering management platform, which introduced summer Fridays to his department for the first time this year.

The policy is pretty open-ended for the roughly 20 people who are eligible, Lacy says — starting at 2 p.m. every Friday from June to August, employees are free to use their time for themselves. That might mean finishing a project for the company or learning a new skill for their job, but it could also mean jumpstarting their weekend, enjoying hobbies, traveling or spending time with friends and family.

“When a team is doing good work and meeting goals, then a couple hours [off] on a Friday isn’t going to affect that,” says Lacy, who notes that he’s previously worked at companies with summer Fridays.

“I’ve seen it [work] — I believe when you give people time to do things they enjoy, they’ll enjoy their work as well,” he adds.

Though Jellyfish, which has 200 employees, has an unlimited PTO policy, Stacy says explicit summer Fridays off, even for a few hours, can improve psychological safety and better support workers who have a hard time taking breaks.

“When you have high performers on your team, what I’ve found is they’re less likely to make time for life if they’re not told to. Anybody can say, ‘Oh, they’re hybrid, they’re going to [take off] anyway.’ But the reality is they won’t.”

Summer Fridays may be exclusive, but they’re in high demand: 41% of workers would most want a four-day workweek or full summer Fridays off, according to a June 2023 Monster survey of 523 people.

Among workers who receive summer benefits (like reduced hours or flexible schedules) 27% said they’d consider leaving their company if reduced workweeks were taken away.

And a majority of workers who get summer benefits say the perks don’t negatively impact their productivity, while 66% say these benefits help boost their productivity.

Meanwhile, support for a year-round four-day workweek has grown across businesses and lawmakers in recent years. Dozens of companies around the world have adopted permanent shortened workweeks after highly publicized trial runs that improved worker productivity, happiness and business outcomes. In Congress, Sen. Bernie Sanders, I-Vt., recently introduced legislation that would reduce the standard workweek to 32 hours without a pay cut.

On the employer side, Duffy isn’t concerned a decline in summer Friday offerings could diminish momentum around a four-day workweek. Roughly 10% of U.S. workers say they have a year-round four-day workweek, and that share has trended upwards over time, according to Gartner data.

Overall, a majority, 87%, of U.S. workers say they’d be interested in a four-day workweek, and 82% believe widespread adoption in the U.S. would be successful, according according to a 2023 survey of 1,047 people from Morning Consult.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Going camping off the grid is getting harder. But admit it: You don’t mind.
next post
Apple-OpenAI Partnership Sparks Privacy Debate with Elon Musk

Related Posts

Argentine President Milei faces impeachment calls for promoting...

February 20, 2025

YouTube will stream NFL Week 1 game in...

May 15, 2025

Skydance and National Amusements near Paramount deal as...

July 3, 2024

Netflix maintained its 2025 guidance. That may not...

April 21, 2025

A troubling theory about traders profiting from Hamas’...

December 13, 2023

Small businesses are still hungry to hire, but...

April 8, 2024

Wizz Air launches $550 ‘all you can fly’...

August 15, 2024

Donald Trump set to receive $1.25 billion worth...

April 23, 2024

The Fed may soon cut interest rates. That...

July 11, 2024

Three Mile Island nuclear plant to help power...

September 21, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Russia-Ukraine peace process is going exactly how Moscow wants it to: slowly

      May 16, 2025
    • A day of confusion and chaos as Russia and Ukraine agree to first direct talks in 3 years

      May 16, 2025
    • Trump and Abu Dhabi ink partnership to build massive AI data center complex in UAE

      May 16, 2025
    • Construction tycoon among 17 wanted in Thailand over deadly tower collapse

      May 16, 2025
    • American basketball player arrested in Indonesia for alleged drug smuggling, could face death penalty

      May 16, 2025
    • Thai man arrested for alleged smuggling of two baby orangutans

      May 16, 2025

    Popular

    • 1

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 2

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 3

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023
    • 4

      Americans are starting to feel better about the economy and inflation

      December 13, 2023
    • 5

      Rare Earths Stocks: 8 Biggest Companies in 2024

      January 12, 2024
    • 6

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 7

      Investing in Graphene Companies

      May 9, 2024

    Categories

    • Business (1,320)
    • Investing (3,118)
    • Politics (4,088)
    • World (4,042)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved