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Transcript: 4-day work week

Anchor Intro: With rising gas prices and requests for Americans to use less energy, more companies, governments and schools are switching to, or at least testing,. a four-day workweek. Experts say it can help businesses cut their budget, increase energy efficiency, even help reduce overtime, sick time and turnover. Bankrate.com has the story.

Voice over 1: While gas prices are off their highs, the cost of commuting is still far from cheap.

Voice over 2: Just one reason why some employers, like this university, are experimenting with a four-day workweek -- not for students, but employees.

Voice over 3: For the employee, working Monday through Thursday cuts the cost of commuting by 20 percent. And the employer only has to heat, cool and light buildings for four days instead of five. It's win-win.

Voice over 4: About the only negative is longer days. Starting an hour earlier and leaving an hour later takes getting used to.

SOT: "The first week that I made the switch to the new hours, I noticed the day was a lot harder to get through and I was more tired the next day."

Voice over 5: But Elizabeth adjusted quickly. Especially since she now gets a three-day weekend and gets to be out and about on Fridays when most other people are working.

SOT: "It is so much nicer to be able to do things during regular business hours and not have to make special arrangements to do things after hours."

Voice over 6: In addition, the earlier and later commuting hours also reduce her stress by allowing her to avoid peak traffic hours.

SOT: "Before it used to take 45 minutes to get to work, and I only live four miles from where I work. Now it takes me 15 minutes."

Standup: So a four-day workweek has pluses and minuses for both employer and employee. But if energy stays a priority in this country, don't be surprised if one day you wake up to a three-day weekend. For Bankrate.com, I'm Kristin Arnold.

Bankrate.com's corrections policy
-- Posted: Dec. 31, 2008
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