Less is more: Lithuanian company's experiment with shorter working hours

Americans don’t save enough - in 2005, Americans’ personal savings rate was negative for the first time since the Great Depression ─ instead of piling up savings, we are piling up debt. Two behavioral economics columns on how switching signup for a 401K plan from opt-in (say yes to be enrolled) to opt-out (say no to be un-enrolled) dramatically raises enrollment rates.

Two years after the fall of the Rana Plaza killed more than 1,000 garment workers, “More than 200 clothing brands have pledged to make their source factories safer under two international agreements called the Bangladesh Accord on Fire and Building Safety and the non-binding Alliance for Bangladesh Worker Safety.” The accident also led to the government employing more safety inspectors, and an increase in unions.

Flexibility allows employees to “work smarter and better.” The productivity payoffs of offering part-time hours and remote work outweigh the administrative costs of such policies, according to a study in Australia.

Jane Cavarozzi, an entrepreneur and activist, started Dirty Girl coffee to “support economic development and women’s advancement in the small, depressed villages around Appalachian Ohio.” She lives in the town of Glouster and is respected for living local and working local, as opposed to being an outsider problem-solver. Though her coffee company is just one small step forward, she works closely with community groups to move economic development initiatives for the region forward.

By making listening and communication a priority, employers can improve employee retention. In Ohio, Mansfield Plumbing Products designated an employee liaison whose job is to listen to employees and facilitate communication between workers and management. By implementing clear communication channels, employers can better learn how to address their workers' needs.

Europe's generous social policies, such as allowing employees to retain their salaries while taking sick time to care for themselves or family members, may help to mitigate the coronavirus outbreak while also safeguarding the economy. Although the long-term impacts are yet unknown, in the short term, government-provided incentives are helping people and businesses stay afloat.

An association of cooperatives has provided fair labor practices and equity for almost 70 years. Members of the coops vote on critical decisions that impact working conditions. When business is booming, everyone does well and when times are hard, everyone has a reliable security net.

Liberty Cleaners co-created a curriculum to train immigrant women workers about tech education, green cleaning, and workers’ rights. As the first women-led workers’ hub in the country, the group is organizing and enabling its members with skills that can ensure they receive the fair wages, opportunities, and respect they deserve but are often denied.

Several companies are beginning to lean into the four-day workweek. It is also being seen as a new recruiting tool that resonates with a younger generation that prioritizes work-life balance. There are even nonprofits like 4 Day Week Global, that are coordinating pilot programs across the globe to encourage more companies to adopt a 32-hour workweek with no cut in pay.

The Fort Stockton Independent School District in Texas is attracting qualified teachers with high pay and cheap rent at school-owned housing.