A South Korean multinational electronics corporation, Samsung gives ‘One Friday Off’ each month to employees if they work more than 40 hours a week, the purpose to retain talent that increasingly values flexible work.
The company will start giving benefits to its staff in South Korea to instill the value of work-life balance among young workers.
Samsung currently employs nearly 1.2 lakh employees. It is it’s following the work model of local rival SK Hynix that has adopted a similar flexible workweek last year, allowing staff to take one Friday off a month if they work more than 40 hours a week.
Earlier, Unilever extended its four-day workweek trial to the company’s Australian business. This follows encouraging early results from the pilot in New Zealand, in which all 80 team members participated.
It began on 14 November 2022, the Australian trial will initially run for 12 months while it is evaluated. Staff will retain 100% of their salaries while working 80% of the time and delivering 100% of business outcomes. This is known as the 100:80:100 principle.
The four-day workweek is just one of the areas the company is exploring as it will drive the future of work. In social commitments. The company is committed to providing its employees with access to flexible employment options by 2030.
Covid-19 has changed the work culture initially Work from home then moving to hybrid culture and 4 days a week. The work culture has evolved post-COVID-19 pandemic, even a country with a more conservative work culture has adopted different work cultures.
