Work, workweek, job, business, San Francisco, tech, – CBS San Francisco

SAN FRANCISCO (KPIX) – As more workers rethink their work-life balance, San Francisco-based online payments company and Unicorn Bolt are the first major tech company to permanently introduce the four-day work week.

The new policy came into effect in early 2022, after a successful three-month experience in which the company saw that the overwhelming majority of employees and managers were in favor of the change.

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The four-day work week is meant to increase productivity, keep employees happy and reduce burnout, according to Bolt.

Its mission is also to transform the corporate culture.

“It’s not actually about trying to squeeze 5 days into 4 days,” said Jennifer Christie, director of human resources. “The way we think about it actually changes the way we work and becomes more effective and efficient during these four days. So we’re looking at “are there any meetings that we don’t need to have?” Can we work differently? Are we focused and prioritizing the most impactful jobs? “

Christie says it’s not about monitoring workers. The salary of the employees also remains the same.

“If you hire the right people who are focused on your mission and are here to do the great job that we want them to do, empower them to do it,” Christie said. “And let them hit their goals, and we’re monitoring things by goals, not by hours.”

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Bolt says that currently most of its 550 employees are working remotely due to the pandemic.

“Fantastic, would love that,” said Frankie Steiner of Oakland who currently works from home. “I think if you had a six day work week you would just work more, and I also think you can be quite productive with a four day work week and so I think work-life balance would also be much easier. “

We asked the people of San Francisco what they would do with this extra free time.

“Learn something new that you can do for your business, travel, go out, take care of yourself,” said Josh, a San Francisco resident, who declined to give his last name.

“I would meditate, I would exercise more, I would cook more, I would prepare meals, I have a long list of things,” said Katherine Cheng of San Francisco.

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Bolt said that since going public they have been inundated with interest from potential employees. They are also hearing from other companies who are interested in learning more about the adoption of the four-day work week.


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