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Welcome to another edition of Workshift! The exclusive newsletter for Leaders, Founders, Managers and HRs.
If you missed last week's issue, catch up here.
In Today's Email:
- 4-Day Work-week; Pros and Cons
- Access The 2023 Venture Compensation Report
- AI Tool Of The Week 🤖: Kavout enhances FinTech with predictive analytics, risk management and automated trading
- Opportunity Of The Week 💡: Join the most comprehensive and supportive program for fintech founders
❓🔍 Mystery Link
This company provides API and payment gateways to improve conversion for online payments – so your business can scale at high speed.
THE BIG IDEA
4-Day Work-week; Pros and Cons
Dubia is a great place to visit. It has serene scenery and plenty of glamour. Guess what Dubai also has?
A 4-day work week. Yes, people are about to start working for just four days in Dubai. When I say people, I mean government officials.
According to The National News, the Dubai Government Human Resources Department is trying out a 4-day work week from August 12 to September 30, while attempting to measure the increased productivity and impact on employee satisfaction.
They won’t be the first country to do this. Their next-door neighbour, Sharjah has implemented a 4-day work week as far back as January 1st 2022 with the people in the emirates emphasizing how happier they are after the implementation of this unique policy.
A 4-day workweek sounds exciting on paper, but what are the pros and cons?
To start with, a 4-day workweek can be of two types; compressed and reduced.
- The condensed means the staff still work 40 hours but do it in four days instead, while the reduced means that the staff work 32 hours (or 36 in some cases) as against the minimum stipulation of 40 hours. Startups left the group chat.
The advantages of this are obvious; a better work-life balance, improved employee satisfaction, an aggregated Employee Value proposition, and lots more.
However there are a few cons like meeting scheduling as you now do more meetings in lesser time, and additional stress during the on days due to work anticipation.
What are your thoughts about a 4-day workweek? Does it have more pros than cons?
OPINION PIECE: EMMANUEL FAITH, GPHR, ACIPM
P:S- If you are an HR Manager seeking help or guide on implementing an employer branding strategy or any HR related help really, stop by here to book a time with the author.
You can also stop by his Youtube channel here if you are looking for helpful content around Career and HR.
Challenge Of The Week 🎯
In this challenge, employees should compete to see who can walk the most steps by the end of a set period.
Alternatively, run a monthly challenge with a daily goal, such as 10,000 steps, for everyone to hit. This encourages more daily activity and is easy for most people to join.
Learn From The Best ✍️
What I’ve Learnt: Rachel Clark, Founder, Only The Kind Media
Over her career, she has helped Red Bull become a billion pound brand, launched David Beckham’s first ever clothing range with M&S and even presented her own ecommerce brand in the Dragons’ Den.
Beyond her 9-to-5, she shares all the lessons she’s learnt so far across her life and career…
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Our team of editors collectively have over 40 years of using and evaluating HR technologies for global companies.
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HR Insights Featuring USA Today
How Do You Prepare for a Leadership Role to Replace a Retiring Employee?
Question:
I recently started work in a new department. Just as I was becoming proficient at my job, the lead on my team announced her retirement in nine months. How can I best prepare to assume her duties in the interim?
Answer:
Your lead’s retirement announcement can be a terrific opportunity to develop new skills and demonstrate your ability to take on new tasks and responsibilities. A nine-month period is plenty of time to learn someone else’s role. Having this much time is not common. Retiring employees often want to…
Meme Of The Week 😂
Credit: Mycodeless
Where You Should Be 🌍
Moonshot 2024
MoonShot is a major tech conference showcasing Africa's tech innovation. It aims to connect founders, business leaders, startups, and enterprises focused on solving significant challenges across Africa.
- Event: MoonShot 2024
- Dates: October 9-10, 2024
- Location: Eko Convention Centre, Lagos, Nigeria
Your Target Audience Are Our Friends 🎯
You can advertise with us, details here.
Recommended Read 📚
The book covers essential topics such as a checklist for Series A funding, the importance of keeping accurate financial records, and specialized financial modeling for Series A.
Roundtable 🔄
Workplace Culture 👥
Investing News & Opportunities 💰
- Canadian Crypto exchange founder guilty of stealing $9.5 million in users funds
- This is Warren Buffett's updated portfolio at the end of Q2
- Have a look at the portfolios of Bill Ackman and multiple famous investors
There’s More To Being A Leader🎖️
- Meet the Sri Lankan founder who built and sold a $600M software startup
- Are dress codes the way to promote civility?
- Access the 2023 venture compensation report
- Discover how new female founders and leaders are driving inclusion in fintech and beyond
- Opportunity Of The Week 💡: Join the most comprehensive and supportive program for fintech founders
- AI Tool of the Week 🤖: Kavout enhances FinTech with predictive analytics, risk management and automated trading for precise decision-making
Pro Tip To Take You Through The Week🌟
What’s Happening? 🤷♂️
While you were away at work, these 5 things happened:
- Former YouTube CEO Susan Wojcicki died from cancer at 56
- U.S. said to consider a breakup of Google to address search monopoly
- ClearBank secured a license for European expansion
- Starbucks welcomed the new CEO Brian Niccol with a $113 million payday—and he can work remotely
- Trump promised an economic boom if he wins the election
Share With Your Friend 📣
If you know this newsletter can help someone in your network, why don't you go ahead and share?🚀
ABOUT CAREERBUDDY
Hire Smarter, Not Harder
At CareerBuddy, we make hiring seamless for fast-growing companies, we pride ourselves on knowing the best people that will excel in a Startup. With a candidate retention rate of 90.3%, it is safe to say “We are the best in the game for Startup hiring in Africa”.
We have worked with our partners to hire both for Technical and Non-Technical roles, we have also helped them with expansion in Africa. Some of our clients include Bamboo Invest, Helium Health, Cassbana, Cadana, Fincra, CrowdForce, Casava, TeamApt (now Moniepoint), Sabi, etc.
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Written by Onekpe Regina
Edited by Oluwaseye Adesina
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