Atom Bank Makes Permanent The Four-Day Workday Until 2023

Atom’s chief people officer Anne-Marie Lister is establishing a four-day workweek as the standard following a successful pilot.

Neobank Atom Bank will make its four-day workweek experiment permanent for all employees in 2023 following a hectic year.

The adjustment follows what Atom claims were a record-breaking year that saw 80,000 new customers (up 77% from 2021), an increase of 33% in job applications and a 5% decrease in staff turnover.

Employee surveys at Atom reveal that employees are more motivated and content in their jobs.

Atom’s chief people officer Anne-Marie Lister remarked moving to a four-day week has not been without its challenges, but it is one of the most revolutionary things we’ve done as a company.

“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.”

Following the success of the 2022 trial, according to Lister, staff contracts are currently being changed to make the new working structure permanent.

“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.”

Indeed, over £100 million in equity has been raised by Atom Bank in the past 12 months, including £75 million in February headed by BBVA and an additional £30 million in November.

Its delayed IPO, which had been planned for either 2022 or 2023 but has now been pushed back to 2024 at the earliest, was the reason for its later investment round.

In 2022, Atom Bank’s deposits increased by 96% to reach over £5 billion, almost doubling as the bank introduced Fixed Savings accounts and frequently claimed to provide market-leading rates.