A three day working week is the key to
productivity, according to Mexican telecoms tycoon Carlos Slim.
The world’s second richest man called
for a “radical overhaul” of people’s working lives, suggesting at a business
conference in Paraguay that workers should retire later, but take more time
off.
“People are going to have to work for
more years, until they are 70 or 75, and just work three days a week – perhaps
11 hours a day,” he said.
The self-made billionaire’s suggestion
that a three-day work week would generate a healthier and more productive work
force comes in the same month that leading British doctor, Professor John
Ashton, called for the country to implement a four-day work week to combat
work-related stress.
Mike Emmott, Employee Relations Advisor
at The Chartered Institute of Personnel and Development said Slim was at risk
of ‘over-claiming’.
“The implicit message that you can work
less and produce the same amount and live a happier life is overstated,” he
said.
“Three days is a stretch to get a full
working week in, if you regard a work week as at least 35 hours. But there’s
quite a lot of anecdotal evidence of people working a four day week,
particularly in parts of the civil service among a number of governmental
departments.”
Slim backed his view that three work
days per week and longer careers would improve quality of life by offering a
voluntary scheme to employees of his Telmex fixed-line phone company in Mexico,
which would allow staff to keep working on full pay beyond the age that they
are eligible to retire, but for only four days a week.
Emmott commented: “The real problem with
these stories is it looks too good to be true, and that’s because it is –
because people imagine that they are being told that they’ll be as productive
working three reasonable length working days as they would in five and that
just isn’t true – the sums don’t add up.”
“I think the argument
for flexible working is a strong one, but flexibility doesn’t mean exactly what
you want it to mean, if you want to produce the output and run a reasonable
life outside of work there’s a limit to how many hours a day you can sustain in
the long term. But I’m all for working longer in so far as the work is able to
match people’s preferences.”