Atom financial institution is to press on with a everlasting four-day week for all staff in 2024, following a profitable trial interval this yr.
In an replace in August, the financial institution stated the measure had proved overwhelmingly optimistic by way of each job satisfaction and productiveness.
“Transferring to a four-day week has not been with out its difficulties, nonetheless, it is among the most transformative issues we’ve completed as an organization,” says Anne-Marie Lister, chief individuals officer at Atom financial institution. “Since we launched our trial in November 2021, we’ve not solely seen a extra productive, more healthy, and, crucially, happier workforce, however our customer support metrics are at document highs and extra individuals want to begin a profession with Atom.”
One goal of the introduction of a four-day week was to draw and retain expertise extra successfully. Atom reported a 49% improve in job functions in January 2022, in comparison with January 2021, and headcount progress from 461 in November 2021 to 480 in June 2022, thanks additionally to a discount within the variety of departures.
Atom says this has been important, with the battle for expertise changing into fiercely aggressive following the widespread adoption of hybrid working following the pandemic.
Lister says: “Sceptics could argue {that a} enterprise couldn’t develop beneath a four-day week, nonetheless, this yr has been one among continued progress and improvement at Atom.”
Atom has surpassed £4.5 billion in retail deposits and reported its first month-to-month revenue in Q1.
The financial institution in November raised £30 million in funding, bringing the entire raised this yr to £105 million. Atom has long-planned to go public however more and more powerful market situations have compelled it to delay a list on the LSE till a minimum of 2024.