StemCell Therapy

For many people, the concept of a shorter workweek is enticing. After all, it can be difficult to find enough time for the things we love.

Is it reasonable then, in our quest for happiness, to begin working less? Advocates of a shorter workweek would agree, but these policies have yet to be widely-adopted.

Todays chart plots data from the World Happiness Report 2019 and the OECD to determine if theres any correlation between a countrys happiness and average hours worked per person.

The unhealthy side effects of working long hours are well established. In extreme cases, however, symptoms can extend beyond the usual stress and fatigue.

For example, the American Heart Association found that people under the age of 50 had a higher risk of stroke when working over 10 hours a day for a decade or more. Another study, conducted across 14 countries, concluded that people who worked long hours were 12% more likely to become excessive drinkers.

If working longer days is so harmful to our well-being, what happens if we work fewer hours instead?

The tables below list the happiest countries as well as the unhappiest countries in the OECD; happiness scores range from 0 to 10, with a 10 representing the best life possible.

Based on the data, there appears to be some degree of correlation between a persons happiness and the amount of hours they work.

Heres how the five happiest countries stack up:

The five happiest countries each work over 100 hours less than the OECD average. Compare this to the five least happiest countries:

Coincidentally, all five of the least happiest countries work more hours than the OECD average, up to over 264 hours in the case of Greece.

Happiness is multifaceted, though, and we should avoid drawing conclusions from a single variable. For instance, the World Happiness Report 2019 calculates happiness scores based on eight distinct metrics:

With these in mind, we can make a few additional observations.

Four of the five happiest OECD countries are located in the Nordics, a region known for low corruption rates and robust social safety nets. On the other end of the scale, economic hardship is a recurring theme among the OECDs least happiest countries. The falling Turkish lira and Greeces debt crisis are two significant examples.

To properly measure the happiness-boosting potential of a shortened workweek, it seems we need to isolate its effects.

Employers are now experimenting with shorter work schedules to see if happier employees are in fact better employees.

Perpetual Guardian, a New Zealand-based estate planning firm, trialed a four-day workweek for two months with no changes to compensation.

The trial was hailed as a success. Employee stress levels fell by 7 percentage points while overall life satisfaction rose by 5 percentage points. Perhaps most impressive is the fact that productivity remained the same.

Employees designed a number of innovations and initiatives to work in a more productive and efficient manner.

Helen Delaney, University of Auckland

Following the trial, the firms founder expressed interest in implementing the four-day workweek on a permanent basis.

Filimundus, a Sweden-based software studio, trialed a six-hour workday in 2014. Staff reception was positive, and the company has since adopted it permanently.

There were trade-offs, however. While staff enjoyed more time for their private lives, productivity across different departments saw mixed results.

We did see some decrease in production for some staff, mostly our artists, but an increase in production for our programmers. So money-wise, in costs, it evened out.

Linus Feldt, CEO

Interestingly, the studio also trialed a seven-hour workday, and saw no positive effects.

Public healthcare workers in Gothenburg, Sweden, trialed a six-hour workday for two years. Similar to the first case, compensation was unchanged.

While the trial achieved good resultsstaff experienced lower stress levels and patients received a higher level of carethe policy was unsustainable.

Its far too expensive to carry out a general shortening of working hours within a reasonable time frame.

Daniel Bernmar

17 additional staff were hired to compensate for the shorter workdays, increasing the local governments payroll by $738,000. The city council did note, however, that lower unemployment costs offset this increase by approximately 10%.

These experiments are garnering attention from around the world.

Even Japan, a country known for its overtime culture, is getting in on the action. Microsoft offices in the East Asian country tested a four-day workweek in August 2019, and reported happier staff, as well as an impressive 40% boost in productivity.

While the results of these early experiments are indeed promising, theyve exposed the nuances that exist between industries and job types, and the need for further trials. One thing is certain thoughshorter workweek policies should not be interpreted as a one size fits all solution for happier lives.

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Original post:
Ranked: The Most Innovative Economies in the World - Visual Capitalist

This entry was posted on March 2, 2020 at 2:45 am and is filed under Regenerative Medicine. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |