Four-Day Work Week Bill in MA & Financial Benefit of Remote Work

MA Lawmakers to Weigh Four-Day Work Week

The Massachusetts House Labor and Workforce Development Committee scheduled a hearing last week on legislation (HB 3849) that would provide tax credits to businesses that join a pilot program to test a four-day work week. The bill specifies that a four-day work week is one in which “employees receive a meaningful reduction in actual work hours without any reduction in overall pay.” (CBS NEWS, STATE NET)

Remote Work Good for Companies’ Top Line

Businesses that have let their employees work remotely in recent years have experienced four times more revenue growth than companies that have been less flexible about office attendance, according to a study by Scoop Technologies Inc. and Boston Consulting Group. The study, which included 554 public companies employing nearly 27 million people, found that companies whose workforces are either completely remote or are able to choose when to go into the office increased sales 21% between 2020 and 2022, while companies with fully onsite or hybrid workforces increased sales 5% over that same period. (BLOOMBERG)

—Compiled by SNCJ Managing Editor KOREY CLARK

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