Tricerat adopted a four-day workweek in October 2021 but the state of Maryland may not be far behind. Discover what the "Four Day Workweek Act of 2023" could mean for Marylanders and how the four-day workweek has impacted early adopters, such as Tricerat, in this blog.
The five-day workweek could become a thing of the past in the state of Maryland thanks to a new bill being introduced by lawmakers. The "Four Day Workweek Act of 2023" aims to promote and support the study of a four-day workweek in Maryland's public and private sectors. If passed, the new bill would allow businesses to shift a minimum of 30 employees from a 40-hour workweek to 32 hours in order to receive a state tax credit up to $750,000 per year.
One key requirement for organizations who opt-in to the program is they must not reduce any employee pay or benefits. Companies will be allowed to participate in the program for up to two years and the program as a whole would run for five years, ending in 2028. Hearings for the bill get underway this month and Tricerat's COO, Hannah Shuman, will be delivering key testimony in support of the bill.
Tricerat has been operating on a four-day workweek since 2021 and has found sustained success with the model. Our offices are open five days a week (Monday through Friday) but all of the staff work just four days. Staff members and teams coordinate with their managers so that enough staff are available to meet all deliverables and customer needs. Every department has at least one person available each day to ensure operations run smoothly.
Since making the switch, the staff have been very happy with their new work-life balance. Here is what some of the team had to say recently when reflecting on how the four-day workweek has impacted them and Tricerat.
Zach Lander-Portnoy, VP of Sales & RevOps - “With work-life balance at the center of our business culture, Tricerat’s 4-day workweek has been a definitive competitive advantage in the recruitment and retention of our employees.”
Taylor Young, Marketing Manager - "The four-day work week has allowed for greater work-life balance and has significantly reduced burnout. With an extra day off from work, I have more time to spend with my family and to get things done at home. And when I return to work, I'm always energized, focused, and ready to work."
Moving toward a shortened workweek was something Tricerat's CEO, John Byrne, was a big champion of. He was quoted in a recent article from Vice saying that, "it’s going to take us a while to get there, but I really do think it’s where the future of work is headed in this country." John was also quoted in recent coverage from CBS News stating "the productivity of his 37 employees and the company's profits increase after making the switch to a 32-hour workweek." We are eager to see how the hearings go for the "Four Day Workweek Act of 2023". Hopefully many more Marylanders will see an improvement to their work-life balance soon.
