Irish tech company Typetec set to become the first Irish IT services company to introduce a four-day working week. It joins 20 other Irish businesses experimenting with the four-day week.
Typetec has revealed plans to move all of its employees to a four-day working week from the start of February 2022.
The company has revealed significant revenue growth to €31m as well as plans to generate eight new jobs. It will create the eight new technical, consultancy and commercial roles by the end of next year.
“We held a town hall meeting to inform the staff and the reaction was so positive and there’s a tangible air of shared excitement as we look forward to next year”
Typetec has informed its team of the company’s decision to introduce a four-day week. Its primary goal is to improve work/life balance and empowerment for all of its employees, while simultaneously maintaining productivity levels, company growth and its high-quality customer service ethos.
4-day week outlier
Upon introduction of the four-day week, Typetec will apply the ‘100-80-100 model’ which will see all employees receiving 100% of their pay for 80% working hours while achieving 100% productivity for the company. As one of first members of the Four Day Week Ireland programme, it will be initially introduced as a 6-month trial with plans to make it permanent for all employees upon successful completion of the trial.
“20 Irish companies have boldly embraced a productivity-focused, reduced-hour model of work with the support of 4 Day Week Global”
Typetec will measure the success of its four-day working week across multiple KPIs including commercial, financial and operational targets. It will also collaborate and share data with independent researchers from UCD and Boston College. Results will be analysed and shared at a macro-level, so that more Irish private and public sector organisations can be informed and encouraged to make a similar commitment to their employees.
“We’re completely focused on creating and maintaining a great working culture and environment at Typetec,” explained Paul Dooley, CEO of Typtec.
“Long before the pandemic, we had introduced remote working for all employees, and this has proved to be highly successful with productivity levels and staff morale seeing a significant boost.
“As a company that specialises in workplace productivity solutions, we realised that a four-day week was an obvious next step for us. We held a town hall meeting to inform the staff and the reaction was so positive and there’s a tangible air of shared excitement as we look forward to next year.
“We are holding empowered and engaged staff-led discussions as to how this will work best for them, while also maintaining team and individual productivity targets. We’ve also begun informing our customers and they have also received the news positively and are fully reassured by our continued focus on delivering service levels that are considerably ahead of industry norms.
“Ultimately, we want to provide every employee with a great work-life balance and enable them to build a long and rewarding career with Typetec. We’re delighted to launch this initiative as the company turns 40 in 2022, and we believe it’s central to our continued growth and success.”
“The future of work has arrived,” added Joe O’Connor, global pilot programme manager of 4 Day Week Global.
“20 Irish companies have boldly embraced a productivity-focused, reduced-hour model of work with the support of 4 Day Week Global. Typetec are one of these dynamic, innovative and progressive organisations, and we are looking forward to working with them as the rollout of our six-month coordinated trial commences early next year.”