Back
~
1
min read
· Posted on
February 21, 2024

Bunnings beats the five-day work week by 20% in a retail-first

Bunnings has announced that they're planning to make some revolutionary changes for its staff.

What's the key learning?

  • One of Bunnings' plans for its staff is to trial a four-day work week for its full time workers, which could be a significant breakthrough for the retail sector.
  • The four-day work week is an alternative work arrangement that can improve work-life balance and increase employee satisfaction.
  • The implementation of this new work arrangement can be complex and may require a change in business operations.

👉 Background: Bunnings is a household name in Australia - known for their hardware supplies, weekend sausage sizzles and Harry Styles full-rimmed hats. And, don't forget their ads 'interviewing' employees with the little jingle.

👉 What happened: Now, Bunnings has announced that they're planning to make some revolutionary changes for its staff:

  • 10.5% pay rise for 40,000 staff over the next three years
  • Increase of annual leave to five weeks a year
  • Trialling a four-day work week for its full time workers in the stores

👉 What else: Effectively, it would allow staff to work 38 hours over four days, instead of five. And this four-day work week could be a significant breakthrough for the retail sector.

What's the key learning?

💡The traditional work-week could be changing before our very eyes. The four-day work week is an alternative work arrangement that can improve work-life balance and increase employee satisfaction.

💡Microsoft Japan experimented with a 4-day work week, and productivity jumped by 40% thanks to a higher job satisfaction, reduced stress levels, and an improved sense of work-life balance.

💡But implementation can be complex and may require a change in business operations. But now that Bunnings has taken the plunge, it will be interesting to see if other retailers follow suit.

Ready to win at money?

Sign up for Flux and join 100,000 members of the Flux family

A button to App StoreGoogle Play store button
Excellent  4.9 out of 5
Star rating
No items found.