A five-hour working day has been introduced at an Australian company after the managing director discovered the same work can be done in less time.
Staff at Hobart-based financial services company Collins SBA finish as early as 1pm, provided they have reached their key performance indicators (KPI’s).
Employees save time by cutting back emails, taking a shorter lunch break and spending less time in meetings to ‘cut the fat’ in the day.
A five-hour working day has been introduced at an Australian company after the managing director Jonathan Elliot (pictured) discovered the same work can be done in less time
Staff at Hobart-based financial services company Collins SBA finish as early as 1pm, provided they have reached their KPI’s
Managing director Jonathan Elliot introduced the concept after his wife fell sick, Nine News reported.
He discovered he was still able to get work done in three days when he was forced to reduce his hours to care for her.
‘The premise of the five hour day is to constrain the time, which means you’ve got to do things better to make it work,’ he told the network.
‘If you just try and do the same work in less time, that creates pressure and stress, and it won’t work.’
Workers then have time to enjoy a surf or spend time enjoying activities including flying, snorkeling or time with the kids
A typical work day for employees at the company starts at 8am and finishes at 1pm or 2pm if work is finished.
A typical work day for employees at the company starts at 8am and finishes at 1pm or 2pm if work is finished.
Employees can then enjoy a surf at the beach, their valued hobbies or time with the family.
The company website shows images of advisers and managing directors playing soccer, snorkeling and cycling.
Employees can then enjoy a surf at the beach or enjoy their valued hobbies or time with the family
One person was pictured playing AFL football with his children and was described as an adviser and ‘father’, while another worker was titled an ‘adviser’ and ‘pilot’.
But not everyone gets to finish early.
Operations director Claudia Parsons told Nine the early finish is a ‘reward’ and not a right.
‘The five hours is a reward, its not a right, so we only get to leave after five hours if everyone is on track with their KPI’s and their team members are all OK, and we’ve met all our client promises,’ she said.
Managing director Jonathan Elliot(pictured) introduced the concept after his wife fell sick and he was forced to reduce his hours.