Survey: Most Employees Willing to Make Trade-Offs for 4-Day Workweek
Younger workers would prefer to work a four-day week and are willing to give up certain things to be able to do that, a Bankrate survey found.
Eighty-three percent of Generation Z and millennial workers (between the ages of 18 and 42 combined) say they would support a four-day work week. The percentage is slightly higher than that of older cohorts; 78 percent of Gen X and baby boomer workers (those between the ages of 43 and 77 combined) support a four-day workweek.
By large majorities, younger workers are willing to make sacrifices to work a four-day week; More than 92 percent of Gen Z and millennial workers, and 86 percent of Gen X and baby boomers who prefer a four-day work week would still be willing to work that schedule if it meant giving something up. Notably, 48 percent of Gen Z and millennials, and 61 percent of Gen X and baby boomers. would work longer hours. Otherwise, 35 percent of Gen Z and millennials, and 24 percent of Gen X and baby boomers, would change jobs or companies, while 33 percent of Gen Z and millennials, and 19 percent of Gen X and baby boomers, would come into the office or work full time in person.
Twenty percent of Gen Z and millennials would be willing to take less vacation time in exchange for a four-day week, as opposed to one in 10 percent of Gen X or baby boomers.
The disparities between older and younger generations are likely due to the fact that older cohorts have worked five-day schedules for most of their careers, Bankrate analyst Sarah Foster told CNBC Make It.
“Older generations, they’ve gotten in the habit of working these schedules, they know life before the coronavirus pandemic,” says Foster. “There’s something to be said about maybe not wanting to pursue that taste of flexibility the way that younger generations probably do.”