TIO Markets
There are lasting effects of the Covid-19 pandemic on corporate culture, and Cyprus is no exception. With both private and governmental entities announcing formalised working-from-home policies as well as hybrid office-home solutions, those who are privileged enough to be able to complete their workload outside of their offices are finally getting the chance to do so. Meanwhile, other management teams are entirely evaluating staff efficiency and motivation levels both inside and outside the office. TIOmarkets, for instance, has made an industry-first announcement that it will offer the 4-day working week to all of its full-time employees.
What’s the catch? No catch. Our employees will start to benefit from a four-day working week from September 2021 onwards, with no reduction in wage, annual leave or pension funds. By giving so many days back to our team, we believe that we can be a positive case study for greater productivity, increased performance, as well as improved professional care that is given to the company’s clientele. At the time of writing this article, we know of no other company in Cyprus who have trialled the shorter working week.
Why not choose another way to motivate staff? There is no shortage of successful case studies in Northern Europe and elsewhere of companies who have trialled the shorter working week. A motivated staff-base is what enables our company to grow. And whilst it may seem counter-intuitive, actually by motivating our team and by helping to encourage a healthy work-life balance, we believe that the benefits will ultimately feed into our overall company performance and trajectory.
How will you manage the business when the industry will be open for an extra day? In the short term, Our Senior management have been hiring additional resources and adopting the technology needed over the past 2 months without letting the cat out of the bag before the big announcement. To ensure that there is no slow-down in productivity or deliverables at company level our management are
