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These Canadian companies switched to a 4-day work week. Here’s why

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Ayesha Khan says she isn’t sure she could return to traditional work after shifting to a four-day work week.

Her company adopted the new scheme in March. And since then, every Friday, the Milton, Ont., resident has the time for something as simple as getting her nails done — something she says, as a mother of two, used to take months to plan.

“How would I go back to that five-day life? It would be very difficult,” said Khan, who works in client services for Sensei Labs, a Toronto-based software company.

“Being able to focus on both my physical and mental health, and just having the time to do that… it’s been invaluable.”

Khan is one of hundreds of employees in North America who now work four days a week after participating in a pilot project organized by the non-profit advocacy group 4 Day Week Global and researchers at Boston College.

According to their findings released last week, of the 41 companies that participated and were surveyed, 35 said they are keeping, planning to, or leaning toward keeping the new working scheme.

 

How feasible is a 4-day work week? | Quick Question

 

Praxis PR co-founder Maureen Juniper and SAP Canada’s head of HR for North America Megan Smith discuss the feasibility of a four-day work week and why some companies are better positioned to implement reduced working hours than others.

Joe O’Connor, the former CEO of 4 Day Week Global who helped lead the study, says it’s the largest trial of its kind in North America to date and the first that involves a “relatively strong participation” from hundreds of Canadians from a total of nine companies.

“We’re seeing that shorter working weeks lead to happier, healthier employees,” said O’Connor, who’s also the director and co-founder of the Work Time Reduction Centre of Excellence in Toronto.

“They lead to organizations that are better positioned to attract and retain talent, and actually, very surprisingly for people, they’re also leading to organizations which are more productive.”

The study had companies, most having between 11 to 25 employees, voluntarily try a four-day work week for six months between February 2022 and April 2023. Researchers let companies choose the best way to reduce hours as long as they maintained pay at 100 per cent.

For the 15 employees at Montreal-based firm L’Abri, it means working 35 hours between Monday and Thursday. Architectural designer Pia Hocheneder says the change has made her and her colleagues more focused during work hours, and actually encouraged work gatherings after hours to make up for any lost social contact throughout the day.

“It’s a quality of life that you’re gaining,” said Hocheneder.

Employers seeing benefits to 4-day work week

Workers and employers in Canada have found switching to a four-day work week is resulting in less stress and fewer sick days without sacrificing productivity, but it may not be an option for all workers.

What about bigger companies?

Maureen Juniper, the co-founder and partner of public relations firm Praxis, says after a series of workshops and webinars with 4 Day Work Week Global ahead of the transition, the company took a split approach: half of its 27 employees get Monday off, while the other half gets Friday off to make sure there’s always somebody to serve clients throughout the week.

The change paid off, she said, with no impact on revenue. In fact, she said internal findings show the company saw a 25 per cent reduction in personal and sick days taken and a 15 per cent decrease on time spent on internal and administrative tasks.

“It’s life changing, and our business has never run more efficiently,” said Juniper.

But Winny Shen, an associate professor of organization studies at York University in Toronto, says while the study’s positive results are consistent with previous literature, they’re limited in that they mostly come from companies with relatively few employees.

“That can be, perhaps, more difficult to scale up in a larger company with lots more people, lots more complexity,” said Shen.

A group of people stand outside a store front, smiling at one another.
The 15 employees at the Montreal-based architecture firm L’Abri switched to working 35 hours between Monday and Thursday under the program. (Submitted by Nicolas Lapierre)

More study is needed among randomized companies and those with more blue-collar workers, she said.

And for those companies who do try a four-day week, she says there’s always a risk employees could push back if it’s not made permanent, pointing to a similar movement in workplaces trying to mandate a post-pandemic return to the office.

“I think there’s a lot of potential here, but I think before we kind of say that this is beneficial across all circumstances, I think we have to do more work and investigate that,” said Shen.

Tom Collver, a co-founder of pilot participant and remote ecommerce company AddPBJ, says while the shift to a reduced work week comes with a different set of “friction points” for each company, it’s worth the time exploring a way it can work for them given the potential benefits.

“You don’t have to go whole hog right away, but I think it’s something really, really valuable to explore because you never know.”

 

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Cineplex reports $24.7M Q3 loss on Competition Tribunal penalty

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TORONTO – Cineplex Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by a fine for deceptive marketing practices imposed by the Competition Tribunal.

The movie theatre company says it lost $24.7 million or 39 cents per diluted share for the quarter ended Sept. 30 compared with a profit of $29.7 million or 40 cents per diluted share a year earlier.

The results in the most recent quarter included a $39.2-million provision related to the Competition Tribunal decision, which Cineplex is appealing.

The Competition Bureau accused the company of misleading theatregoers by not immediately presenting them with the full price of a movie ticket when they purchased seats online, a view the company has rejected.

Revenue for the quarter totalled $395.6 million, down from $414.5 million in the same quarter last year, while theatre attendance totalled 13.3 million for the quarter compared with nearly 15.7 million a year earlier.

Box office revenue per patron in the quarter climbed to $13.19 compared with $12 in the same quarter last year, while concession revenue per patron amounted to $9.85, up from $8.44 a year ago.

This report by The Canadian Press was first published Nov. 6, 2024.

Companies in this story: (TSX:CGX)

The Canadian Press. All rights reserved.

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Restaurant Brands reports US$357M Q3 net income, down from US$364M a year ago

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TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.

The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.

Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.

Consolidated comparable sales were up 0.3 per cent.

On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.

The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:QSR)

The Canadian Press. All rights reserved.

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Electric and gas utility Fortis reports $420M Q3 profit, up from $394M a year ago

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ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.

The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.

Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.

Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.

On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.

The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 5, 2024.

Companies in this story: (TSX:FTS)

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