Atom Bank has announced that after a successful trial period, the fintech will go ahead with a permanent four-day workweek for 2023.
In August, the challenger bank published figures updating the public on the four-day week trial, posting a number of positive statistics.
“Moving to a four-day week has not been without its difficulties, however, it is one of the most transformative things we’ve done as a company,” said Anne-Marie Lister, chief people officer at Atom Bank.
“Since we launched our trial in November 2021, we have not only seen a more productive, healthier, and, crucially, happier workforce, but our customer service metrics are at record highs and more people are looking to start a career with Atom.”
It saw a 49% increase in job applications at the company during the trial period and 92% of its staff said they worked more efficiently over the four-day structured week.
This year has also been a major funding year for the bank, despite a wider downturn in tech financing. The fintech has raised more than £100m over the last 12 months, with a £75m funding round in February and a £30m investment in November.
Lister added: “Sceptics may argue that a business couldn’t grow under a four-day week, however, this year has been one of continued progress and development at Atom.”
Despite the success the company has found in securing funding, it has had to push back its previously established ambitions for an IPO as a response to the troubling economic market.
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